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flag Global shipping is advancing toward decarbonization, with 74% of new ships ordered as dual-fuel by 2028 despite delayed carbon pricing.

flag Despite a one-year delay in the IMO’s proposed $380 carbon price, the global shipping industry remains on track for decarbonization, with 74% of new container and vehicle carrier orders being dual-fuel ships by 2028—up 28% from last year. flag Over $150 billion has been invested in these vessels, totaling 1,126 delivered or on order, as major firms like Maersk and NYK reaffirm net-zero commitments by 2050. flag While some companies like Pacific Basin chose oil-powered ships due to uncertainty, most industry leaders cite long-term strategies, regional regulations, and commercial incentives as drivers. flag Progress continues in ammonia, methanol, and energy-saving technologies, maintaining momentum despite regulatory setbacks.

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