Realism not rhetoric will drive shipping’s path to Net Zero, says EmissionLink

The IMO’s decision to delay the Net Zero Framework (NZF) by a year has exposed deep divisions across the maritime industry and highlighted a growing disconnect between ambition and practical progress, according to Philippos Ioulianou (pictured), Managing Director of EmissionLink.

Mr Ioulianou argues that shipping’s route to decarbonisation has been hindered by over-promised targets and under-delivered infrastructure.

“What should have been a co-ordinated global effort toward decarbonisation has resulted in paralysis at the very moment the industry needs clarity and unity,” he said. “The truth is that we are years away from having the global supply chains, bunkering networks, and safety systems needed to support alternative fuels at scale.”

As a result, many shipowners are exercising caution, slowing newbuild orders, delaying investment in future fuels, and extending the life of existing tonnage. “That is not reluctance; it is realism,” Mr Ioulianou added. “Why commit billions to technology that might change next year?”

Industry voices are echoing the call for caution. The CEO of ABS recently urged the energy transition be made “solid and bulletproof” before accelerating further, a message that resonates with shipowners navigating uncertainty around fuel pathways and regulatory timelines.

The debate over LNG underscores that complexity. Once promoted as a bridging fuel, LNG is now under scrutiny for methane leakage and lifecycle emissions. However, as Mr Ioulianou notes, “LNG will remain part of the energy mix for the next 30 or 40 years simply because the infrastructure exists and alternatives are not yet viable.”

Meanwhile, China has emerged as a leader in methanol and ammonia production and shipbuilding, positioning itself at the forefront of future-fuel capability while most other markets remain unprepared to follow at the same pace.

“What we’re seeing isn’t failure, it’s the industry finding its balance,” Mr Ioulianou says. “Net zero by 2050 remains essential, but the path will be slower, costlier, and more complex than policymakers want to admit.”

According to EmissionLink, the next few years should focus less on rapid transition and more on measured, data-driven preparation, developing adaptable fuel strategies, efficient retrofit options, and clear compliance planning.

“Realism, not rhetoric, will move us forward,” Mr Ioulianou concludes. “Between ambition and action lies a vast sea of uncertainty, and it’s in navigating that space that the maritime industry will ultimately find its course.”