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The IMO's 84th Marine Environment Protection Committee could not finalise the Net-Zero Framework, but the substance of the week was the opposite of the headline. A clear majority of member states returned to the NZF as the basis for further negotiation, reversing the adjournment that derailed MEPC.ES2 in October 2025.
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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.
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Siglar's Head of Legal Affairs, Sinem Ogis, is back from an intense but important week at IMO MEPC and shares her reflections here.
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