Scenario 1: Maritime compliance costs are no longer confined to regional regulation. Based on current policy timelines and market assumptions, the industry’s annual compliance bill could rise from around USD 2.7 billion in 2024 to more than USD 57 billion by 2032, with the IMO framework becoming the largest driver of future cost exposure.
The full storyEmissions data may be shipping’s most underutilised commercial asset. It is still treated as a compliance requirement, while its biggest value is commercial. Over the past decade, the shipping industry has invested enormous effort in collecting, verifying and reporting emissions data. But what if compliance is only the beginning?
The maritime emissions regulatory landscape is expanding fast. The Siglar Carbon Scheme Navigator puts the full picture in one place, expert-reviewed and free to use.
From 1 July, the UK Emissions Trading Scheme (UK ETS) becomes a new cost layer for shipping activity linked to the UK. While the regulation itself is not unexpected, the commercial implications are still widely underestimated.
