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 storyAs emissions regulations tighten costs increase across global shipping, Knutsen OAS has taken a proactive approach to managing and reporting emissions from its fleet, moving beyond pure compliance.
With Scope 3 now the largest share of many companies’ footprints, cargo owners face mounting pressure to report credibly. Relying on proxies hides real differences between voyages and risks undermining both compliance and competitiveness. Verified, voyage-level data turns scope 3 from a reporting burden into a strategic advantage.
We’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.
