Greek owners slam IMO Net-Zero Framework, urge realistic alternative

“We remain firmly committed to the decarbonisation of our sector. However, ambition must be grounded in realism,” the Union of Greek Shipowners (UGS) president Melina Travlos said, in a statement on 16 April.

Ms Travlos said the draft NZF “does not constitute an appropriate solution,” pointing to the lack of support from major and influential states representing a significant share of global tonnage, which she said “cannot be overlooked.”

UGS had previously welcomed the postponement of a final agreement on the framework, saying it provided an opportunity to shape a solution that would guide global shipping through the energy transition safely and realistically.

That view was reiterated in its latest statement. “We 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,” Ms Travlos said.

“Failing this, the risk of a fragmented regulatory landscape, marked by regional measures that distort competition, will become inevitable,” she warned.

“Such an outcome would neither advance the global decarbonisation of shipping nor preserve the central role of IMO as the competent regulator of international shipping,” she added.

Ms Travlos said the experience gained from previous negotiations should be used to explore alternative approaches, drawing on the industry’s expertise and practical knowledge.

The MEPC will hold its 84th session in London from 27 April to 1 May 2026, where it will discuss greenhouse gas emissions reduction and other issues. The body decided last October to postpone discussions on the NZF for one year.

Notably, leading Greek shipowners co-signed a statement with international peers last September expressing “grave concerns” about the NZF, arguing that, as currently drafted, it is not fit for purpose and could prevent the industry from meeting emissions-reduction commitments made in 2023.