What's Happening?
Orders for cleaner-fuel burning ships have maintained a steady share of 37% of cargo vessel orders in 2025, according to AXSMarine data. Despite a decrease in overall gross tonnage, the demand for alternative
fuel ships remains significant. The International Maritime Organization's decision to postpone setting global carbon-reduction targets has contributed to uncertainty in the industry. Major shipping lines like Maersk and Hapag-Lloyd continue efforts to reduce carbon emissions, with liquefied natural gas being the dominant alternative fuel.
Why It's Important?
The steady demand for less polluting ships reflects the maritime industry's commitment to reducing greenhouse gas emissions. The postponement of the IMO's Net-Zero Framework vote highlights regulatory challenges that could impact future investments in cleaner technologies. The industry's efforts to adopt alternative fuels are crucial for meeting global climate goals and reducing the environmental impact of maritime shipping, which accounts for a significant portion of global trade.
