World Shipping Council Marks World Ocean Day with $150 Billion Commitment to Decarbonisation

The World Shipping Council (WSC) has reaffirmed its commitment to ocean stewardship and climate action on World Ocean Day, emphasizing the critical role of shipping in both global trade and environmental protection.

Recognizing the ocean as an indispensable source of life, biodiversity, and a natural defense against climate change, WSC highlighted its responsibility as a representative of the maritime industry — an industry that relies on healthy oceans not only for business but for the sustainability of the planet.

“The ocean sustains our economies, generates half the world’s oxygen, and absorbs a quarter of global CO₂ emissions,” noted WSC President and CEO Joe Kramek. “It is our workplace, our partner, and our shared responsibility.”

Accelerating the Shift to Clean Shipping

The WSC revealed that liner shipping companies have already deployed 200 vessels capable of operating on zero or near-zero greenhouse gas (GHG) emission fuels. By 2030, this number is projected to reach at least 1,000 container ships and vehicle carriers, forming part of a wider industry investment exceeding USD 150 billion.

Currently, nearly 80% of all new orders for container ships and vehicle carriers are for vessels designed to run on low-emission fuels — a significant shift that the WSC says is vital for reducing the sector’s contribution to global emissions, which currently stands at approximately 3%.

Importance of Global Regulation and Policy Support

WSC credited recent regulatory developments by the International Maritime Organization (IMO) as crucial for enabling this industry transformation. The global GHG reduction framework adopted by IMO has provided what WSC described as “clarity and direction” for continued innovation and investment.

However, challenges remain. The cost of zero and near-zero emission fuels is still three to six times higher than traditional marine fuels, and global infrastructure for production and distribution remains limited. WSC called for stronger international policy frameworks and closer public-private collaboration to scale adoption and reduce costs.

“This is not just about upgrading ships. It’s a transformation of the entire maritime ecosystem – from fuels and ports to supply chains and workforce development,” Kramek stated.

Broader Commitments to Ocean Health

Beyond decarbonisation, the Council also emphasized its dedication to protecting marine biodiversity. Current efforts include minimizing ship strikes, reducing underwater noise pollution, and supporting regulatory and voluntary initiatives that safeguard ocean ecosystems.

Marking World Ocean Day, Kramek reiterated the Council’s long-term goals: achieving net-zero emissions across the shipping industry by 2050 and contributing to global efforts to preserve the ocean’s natural wealth.

“The ocean gives us so much. Our duty is not only to protect it but to ensure that our industry is part of the global solution,” Kramek concluded.