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 storyWe’re excited to announce that Siglar’s emissions insights are now available directly on Lloyd’s List Intelligence’s Seasearcher platform, making emissions visibility easier, faster and more strategic than ever before.
The countdown is on: By 30 September 2025, all shipowners with EU voyages must surrender their first batch of EU ETS allowances. But are you ready? Do you know what your carbon bill will be? Where to get allowances, and when? For many shipowners, the financial clock is ticking, yet the full cost remains off the radar.
Carbon pricing is no longer a distant regulatory threat, as the EU ETS and FuelEU Maritime will add an estimated USD 6.1 billion to industry costs in 2025 alone. The IMO’s Global Fuel Intensity (GFI) measure is set to drive up costs even further—shipowners and charterers could be staring down a combined carbon bill approaching USD 50 billion by 2030.
