…. and it reveals that the global shipping industry risks falling short of its net-zero and digital transformation ambitions without sufficient regulatory support enacted at a global level.
Lloyd’s Register (LR) is a long-time sponsor of the Propulsion and Future Fuels conference, this year being held in Hamburg from 25 to 27 November and will once again be speaking in the conference key sessions.
Together with Lloyd’s Register Foundation LR has launched the Barometer which presents the first-of-its-kind data-driven assessment of the maritime industry’s energy and digital transition progress across five key components: maritime trade, energy, vessels, ports, and people.
It shows that despite promising developments in alternative fuel technologies and digital innovations, widespread adoption of green fuels is unlikely without robust and coordinated regulation. The report highlights that regulatory uncertainty is deterring shipowners from making the necessary long-term investments, resulting in a “delayed transition” that threatens to derail decarbonisation targets and digital parity with land-based industries.
Regulatory mechanisms such as carbon pricing, emissions mandates, and incentives for green investments will be essential to accelerate adoption worldwide.
Despite the orderbook for alternative-fuelled ships growing by over 50% in 2024, the 2025 Barometer reveals that global energy production remains heavily reliant on fossil fuels. Energy transition scores ranged from just 24% to 30% alignment with decarbonatisation targets.
Despite these challenges, the Barometer highlights areas of progress. Major ports are accelerating decarbonisation initiatives, enhanced connectivity and autonomy are improving productivity, energy efficiency measures are gaining traction, and momentum is building for alternative-fuelled ship adoption.
However, the report makes it clear that voluntary action alone is not enough—policy must step in to create the conditions for large-scale transformation across the five key components of both transitions.
The world is changing fast, and the Barometer and its findings will just some of the latest developments that will be discussed at this year’s and will be at the heart of the discussions at the Propulsion and Future Fuels conference.
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