A Major Milestone in Decarbonizing the Maritime Sector and a New Source of Demand for Green and Low-Carbon Hydrogen Derivatives and Biofuels - On April 11, 2025, the International Maritime Organization’s (“IMO”) 83rd session...more
On April 11, 2025, the Marine Environment Protection Committee (“MEPC”) of the International Maritime Organization (“IMO”) announced the approval of a long-awaited framework to reduce greenhouse gas (“GHG”) emissions from the...more
Between April 7 and 11, 2025, during the 83rd session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) approved a new set of regulatory measures aimed at reducing greenhouse...more
During its 83rd session from April 7 to 11, 2025, the International Maritime Organisation's (IMO) Marine Environment Protection Committee (MEPC) approved, among other things, new fuel standards for ships and the first...more
EEXI and CII - What Are the Implications for Vessel Owners and Lenders? Background The International Maritime Organization (“IMO”) adopted MARPOL Annex VI in 1997 to limit air pollutants commonly associated with vessel...more