A new report from the Sea Cargo Charter—a global climate alignment initiative developed by the Global Maritime Forum—found that a majority of signatories reduced their emission intensity over the last year.

However, the report also made clear that action will need to accelerate to keep up with the ambitious emission reduction targets set by the International Maritime Organization (IMO), which become more stringent each year.

The Sea Cargo Charter Annual Disclosure Report, released last week, discloses the climate alignment of 34 leading charters and shipowners. Together, they represented around 18% of global wet and dry bulk cargo transported by sea in 2024.

This marked the second year that signatories have reported against the steeper climate alignment trajectories and conditions set out in the 2023 IMO GHG Strategy. Despite these challenges, 19 of 34 signatories reduced their emission intensity over the last year, eight improved their climate alignment scores, and several have reported enhanced integration of emissions metrics into operational and chartering decisions.

“This year’s results demonstrate that even as the IMO’s climate goals grow more ambitious, signatories are stepping up with greater transparency, operational improvements, and data integrity,” said Engebret Dahm, Sea Cargo Charter vice chair and CEO of Klaveness Combination Carriers.

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