
Greece is working on a counter proposal after helping torpedo a net-zero shipping deal
The Greek government is working on a proposal with the United States and Saudi Arabia to curb CO2 emissions from shipping, bypassing EU coordination on the issue.
The proposal is under discussion at the London-based International Maritime Organization (IMO). Athens is abandoning a joint EU position on global shipping decarbonisation, which is currently frozen at the IMO.
“Greece and Saudi Arabia have agreed to cooperate, through their competent ministries – shipping and energy – with a view to submitting a joint proposal on this specific matter,” Greek Energy Minister Stavros Papastavrou said on Thursday, following a meeting in Riyadh with his Saudi counterpart, Abdulaziz bin Salman Al Saud.
Athens is providing a “voice of realism” on energy issues in Europe, Papastavrou added.
The move is expected to raise eyebrows in Brussels. That’s because individual EU countries are expected to seek agreement with the remaining 26 rather than cooperate with third countries on a matter over which the European Commission holds exclusive competence.
It is already the second time Athens, home to much of the global shipping industry, has broken the bloc’s ranks after Greece, alongside Cyprus, abstained during an October vote in London on a global net-zero shipping deal.
At the centre of the debate is the Net-Zero Shipping Framework (NSF), which would force ship operators continuing to use the dirtiest – and cheapest – fuels to pay a gradually increasing carbon price, proportionate to their excess CO2 emissions.
In practice, the framework would prioritise low-carbon alternatives such as hydrogen and synthetic e-fuels derived from renewable energy, favouring countries such as Denmark and China, which have invested heavily in these technologies.
However, agreement on the proposal was postponed for a year last October following opposition from Washington and Riyadh. The US administration even threatened sanctions if the deal went ahead, as Washington supports liquefied natural gas (LNG) as a transitional fuel.
The diplomatic row last October was widely seen as another instance of Europe being caught in a broader geopolitical tug-of-war between Washington and Beijing. Denmark, which opposed the US line, appears to have paid a price, having failed for the first time in late November to secure re-election to the IMO Council.
Breaking the bloc
Following the chaotic October meeting, the European Commission told Euractiv that it was open to renegotiating the net-zero shipping deal. Now Greece appears to have renegotiated the deal with Washington and Riyadh, not Brussels.
But Greece’s position could trigger an infringement procedure within the EU.
One EU diplomat noted that only the EU as a whole can table a common position at the IMO, and that in the event of internal disagreement, the bloc simply has no official position.
“Member states do not align themselves with third-country camps,” the diplomat added.
Related News.
November 5, 2026
2 Weeks left for the 5th CSN Greece ICT Conference, Athens 19th November 2026 “Intelligent Skies, Secure Seas: The AI Impact on ICT” – Register Now
“Intelligent Skies, Secure Seas: The AI Impact on ICT” Register here Date: 19 November 2026 Time: 09:00-15:00 Venue: PLOES Floating Venue The…
November 5, 2026
BMA joins Bahamas Shipowners Association for AGM & Maritime Industry Forum
The Bahamas Maritime Authority (BMA) joined members of the Bahamas Shipowners Association (BSA) and representatives from across the maritime industry…
November 5, 2026
Marlow Navigation welcomes MPC Oceanic Group as strategic shareholder
MPC Oceanic Group to acquire a 41% minority stake in Marlow Navigation Group Long-standing partners combine complementary capabilities while…
November 5, 2026
VesselFront receives Bureau Veritas Type approval for its VesselFront.AI weather-routing software
VesselFront, a maritime software company based in Piraeus, announces that its Vesselfront.AI software has received Type Approval from the…
November 5, 2026
Trafigura provide over USD1 billion to support US refineries acquisition by CVR Energy
Trafigura US Holdings, has signed strategic agreements with CVR Energy, to support its intended acquisition of the Mandan refinery in North Dakota…
November 5, 2026
Maritime clusters urged to turn global cooperation into measurable action
Maritime clusters must turn international cooperation into practical projects that unlock investment, support innovation and strengthen the…
November 5, 2026
OneLearn Global and RINA unite technical training and seafarer wellbeing in new learning partnership
Collaboration brings technical competence, human performance and wellbeing together in an integrated maritime learning offering OneLearn Global ,a…
November 5, 2026
Almost half of all truck-driven containers are empty
Almost half of all container trucks in Sweden are being driven without a load. Researchers at Chalmers University of Technology in Sweden, have…
November 5, 2026
DP World expands free eyecare programme for 12,000 commercial drivers in India
Expanded partnership with VisionSpring Foundation builds on successful initiative in Gujarat, improving access to essential eye care, supporting…
November 5, 2026
India’s next-generation corvettes to address immediate priority of replacing aging fleet, says GlobalData
India’s defense ministry has signed contracts worth than more than INR 538.8 billion ($5.6 billion) with Garden Reach Shipbuilders & Engineers…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























