With the global shipping industry turning its attention to the upcoming session of the International Maritime Organization’s Marine Environment Protection Committee, the Union of Greek Shipowners calls upon all Member States to rise to the occasion in a spirit of pragmatism and constructive cooperation.

Greek shipping, representing the largest cross-trading merchant fleet in the world, has consistently been at the forefront of environmental stewardship. The Greek shipowning community continues to invest substantially in fleetrenewal, energy efficiency and technological innovation, demonstrating that operational excellence and environmentalresponsibility go hand in hand.

We remain firmly committed to the decarbonisation of our sector. However, ambition must be grounded in realism. The draft Net-Zero Framework does not constitute an appropriate solution, as evidenced by the absence of support from major and influential States representing a significant share of global tonnage, an element that cannot be overlooked.

We therefore urge Member States to work towards a global, realistic and implementable solution that can ensure a just and equitable transition, while prioritising safety and providing the necessary certainty for long-term investments. Failing this, the risk of a fragmented regulatory landscape, marked by regional measures that distort competition, willbecome inevitable. Such an outcome would neither advance the global decarbonisation of shipping nor preserve thecentral role of the IMO as the competent regulator of international shipping.

The extensive experience gained through prior negotiations should be used to consider alternative approaches, drawing on the industry’s deep expertise and practical experience. The active involvement of the shipping industry is essential to shaping a robust regulatory framework, one that safeguards both environmental objectives and the resilience of the sector, while also supporting the welfare of societies worldwide.

In this context, we call upon governments to match the industry’s commitment with the necessary political will and determination.