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| Image: Shutterstock (ID: 2192678849 / Sven Hansche) |
According to Bloomberg, the global shipping industry is preparing for the International Maritime Organization’s (IMO) upcoming decision to implement a worldwide carbon levy, a measure that has already prompted warnings from the United States about potential retaliatory tariffs and trade actions.
Bloomberg reported that the IMO proposal could impose a carbon charge of up to $380 per metric ton on ships that fail to meet specific emissions-reduction targets. The regulation, expected to take effect in 2027, with payment obligations beginning in 2029, aims to cut the maritime sector’s greenhouse-gas emissions while accelerating the adoption of low-carbon fuels such as methanol, ammonia, and hydrogen.