The rules will add a significant penalty for any shipping concerns who exceed an emissions cap, starting in 2028.

Many of the world's largest shipping nations have agreed to impose a minimum fee on every ton of greenhouse gases emitted by ...

The IMO has approved a Net-Zero Framework to advance maritime decarbonization, with varying impacts on fuel costs compared to ...

This initiative marks the first global tax on greenhouse gas emissions. By focusing on the shipping industry, the IMO aims to ...

THE International Maritime Organization (IMO) has achieved another important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming ...

More than 100 nations in the International Maritime Organization have agreed to fuel standards for ships and fees for carbon emissions offenders, which the Trump administration opposes.

A draft global agreement sets a fee for cargo ships, which carry the vast majority of world trade, to pay for their ...

IMO Secretary-General Arsenio Dominguez hailed the breakthrough, emphasising the collaborative spirit that led to the deal.

The International Maritime Organization officially approved a new global decarbonization standard for shipping Friday, ...

Nations are trying to reach an agreement to charge commercial vessels a fee for their emissions in what would effectively be ...

The approved measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for ...