The IMO will consider its own HFO levy later this year
Letter from London: Shipowners propose carbon levy
Trade association the ICS is trying to take the initiative and steer the industry’s decarbonisation on its own course
The International Chamber of Shipping (ICS)—a trade association representing ship owners and operators and more than 80pc of the global merchant fleet—has made its own proposal for a levy on carbon emissions from ships in response to plans by the International Maritime Organization (IMO) and European Commission. The ICS submitted its “comprehensive” plans to the IMO, which envision "an internationally accepted market-based measure to accelerate the uptake and deployment of zero-carbon fuels.” The group proposes a levy based on mandatory contributions for each ton of CO₂ emitted from “ships trading globally” and with a gross tonnage in excess of 5,000t. "[Our proposial is] an i
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
