Shipping community issues clear call for IMO regulation to turn first-mover action into a global transition

October 27, 2026

Global leaders from across the maritime value chain met in Shanghai this week for the Global Maritime Forum Annual Summit 2026, where much of the discussion centred around the future of shipping’s energy transition.

With the International Maritime Organization’s (IMO) Net-Zero Framework facing a pivotal point in December, the Summit provided a timely opportunity for decision-makers to engage in crucial conversations about the industry’s green transition. By the end of the two days, a clear message emerged that IMO regulation will be essential to accelerating that transition, with many participants voicing support.

Among those present at the Summit was IMO Secretary-General Arsenio Dominguez, who spoke about the importance of a global regulatory framework in incentivising the investments the industry needs to reach the IMO’s net-zero targets.

“The goal remains in place: the decarbonisation of the sector is by 2050. We still need countries to invest in infrastructure beyond the IMO, and the energy sector to invest in new fuels. The more we diversify, the more resilient we are,” he said.

Over the last few days, shipowners, charterers, financiers, policymakers, and cargo owners had a rare chance to speak candidly, test assumptions, and understand each other’s priorities. Conversation topics ranged from decarbonisation and energy security to maritime governance and freedom of navigation, seafarer safety, and supply chain disruption.

“The value of a gathering like this is greatest when the stakes are highest, and the shipping industry is currently facing its fair share of challenges,” said Johannah Christensen, CEO of the Global Maritime Forum. “Leaders are facing fundamental dilemmas, like how to continue trading vital goods during times of rupture without risking lives. The Annual Summit 2026 provided an invaluable opportunity for them to come together with peers and discuss a path forward.”

New report reveals China’s strengths across green shipping corridor building blocks

This year’s Annual Summit, the first to be hosted in mainland China, provided an opportunity not only to connect with key Chinese business leaders and policymakers but also to learn more about China’s progress in the green transition.

Launched here in Shanghai, the Global Maritime Forum’s newest report looks at China’s strategic advantages in the four key building blocks considered crucial to successfully starting up a green corridor.

‘Green shipping corridors: How China is re-energising the global movement’ finds that China is one of the strongest actors globally in this space, holding strategic advantages in three of the four building blocks. Read more here.

Swire Shipping CEO Jeremy Sutton announced as new All Aboard Alliance co-chair

Also at the Summit, the All Aboard Alliance announced Swire Shipping CEO Jeremy Sutton as its new co-chair, alongside existing co-chair and Circle Digital Ventures CEO Meei Wong.

“On behalf of Swire Shipping, it is an honour to be appointed co-chair of the All Aboard Alliance. Creating a safer, more inclusive, and respectful maritime industry is not only the right thing to do, it is essential to the future of shipping,” said Jeremy Sutton, Swire Shipping CEO and new Alliance co-chair. “I look forward to working with Alliance members to build on existing momentum and help create a vibrant maritime sector where everyone has the opportunity to succeed and thrive.”

The All Aboard Alliance’s work to develop global standards across ten areas of life at sea was a focal point across many discussions at the Summit. Participants agreed that the project is essential to the industry’s long-term future, particularly given the current context regarding seafarer safety in the Strait of Hormuz.

Annual Summit 2027 to be held in Copenhagen

In the closing session yesterday, it was announced that the Annual Summit 2027 will be held from 28-29 September in Copenhagen, Denmark.

Next year will mark the tenth anniversary of the Global Maritime Forum, which is headquartered in Copenhagen. Denmark’s long maritime history and integral role in the sector makes Copenhagen a natural place to host the tenth Annual Summit.


The Annual Summit 2026 was co-hosted by Shanghai Maritime University, with support provided by Summit partners Shanghai International Port Group, the People’s Government of Hongkou District, and Baltic Exchange.

“It has been our privilege to host key stakeholders from across the maritime value chain here in Shanghai. This year’s summit serves as a wonderful international exchange opportunity on the latest global shipping practices. We recognise the importance of stabilising market expectations and encouraging collaborative innovation. Shanghai Maritime University will endeavour to foster new forces for shipping development through talent cultivation,” said Professor Beiping Chu, President of Shanghai Maritime University.

“As a partner of the Global Maritime Forum Annual Summit 2026, Shanghai International Port Group congratulates the Forum on a successful gathering in Shanghai—a city and port that have long been a gateway for global trade—and the energy and ideas shared here give us confidence that, even amid uncertainty, our industry can work together toward a more resilient and sustainable future,” said Song Xiaodong, President of Shanghai International Port Group.

“We look forward to continuing our collaboration with the Global Maritime Forum and all partners. Let us work together to weather the storm, jointly advance the building of a maritime community with a shared future, and shape a greener, more inclusive and sustainable future for global shipping,” said Jie Cao, Deputy Director, Shipping Department of the People’s Government of Hongkou.

“This year’s Global Maritime Forum summit in Shanghai was a vital opportunity for the international shipping community to better understand the complexities of modern trade. As volatility and uncertainty for global shipping markets continue, it was important for our industry to come together to share insights and experiences, and for Baltic Exchange to showcase its role in providing independent market benchmarks to help the market make more informed decisions,” said Mark Jackson, CEO of Baltic Exchange.

Source: Global Maritime Forum

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