Ensuring a Fair and Practical Decarbonization Strategy
The International Maritime Organization (IMO) is refining its net-zero framework, aiming to align the shipping sector with global decarbonization goals. However, ship managers are raising concerns over the current framework’s approach, warning that it may lead to unintended legal and financial consequences. InterManager, representing ship managers worldwide, has submitted a proposal to the IMO’s Marine Environment Protection Committee (MEPC83), advocating for adjustments that would ensure the framework is equitable and practical for all stakeholders.
Clarifying Responsibility for Greenhouse Gas Emissions
A key issue raised is the current draft’s treatment of third-party technical ship managers, who often operate vessels but do not control key emissions-related decisions. With around 20% of the global fleet managed by third-party ISM (International Safety Management) Managers, the proposal highlights that these entities have no influence over factors such as engine type, fuel choice, or onboard energy efficiency measures—decisions made by shipowners and charterers. Despite this, the current framework suggests making ship managers solely responsible for GHG-related penalties.
InterManager argues that this misidentification of responsibility could lead to legal challenges. If ship managers are held accountable for emissions outside their control, they may be forced to demand financial security from shipowners, limiting funds available for business growth and sustainability investments.
Balancing Accountability and Sustainability
Decarbonizing shipping requires a collaborative effort between shipowners, charterers, fuel suppliers, and regulators. By refining the IMO framework, policymakers can ensure that responsibilities are correctly assigned and compliance mechanisms remain effective. Ship managers support the industry’s transition to net-zero but advocate for a structure that accurately reflects decision-making influence over emissions.
At VURDHAAN, we recognize the importance of structured and fair sustainability policies in the maritime sector. Our expertise in regulatory compliance, emissions reporting, and strategic planning helps maritime operators align with evolving regulations while driving real sustainability progress.
A Path to Equitable and Effective Regulation
InterManager’s proposal underscores the need for regulatory clarity, avoiding undue financial and legal risks for ship managers. A well-balanced framework will encourage investment in low-carbon technologies and ensure that emissions accountability aligns with real decision-making power. As the shipping industry moves toward net-zero, ongoing dialogue and practical regulatory approaches will be key to achieving sustainable and legally sound decarbonization.