Shipping readies for massive investments in decarbonization, IMO head says
The global shipping industry requires significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change.
This was the message of Arsenio Dominguez, Secretary-General at the International Maritime Organization (IMO) who spoke at a forum in Monaco on June 8, 2025.
As explained, the global shipping industry is preparing for a net-zero transformation that will affect everything from supply chains and business models to ships, ports and the maritime workforce. The IMO approved new regulations for net-zero ship fuels and emissions in April, set for adoption in October. Calls for investments in decarbonization are getting louder.
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“Regulations alone cannot do the job. We need technological development and we need alternative fuels… And that can only happen in one way – with investment,” Dominguez said.
This includes investing in scaling up production of alternative fuels in large enough quantities to replace the 350 million tonnes of fuel oil currently burned by ships each
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