Cyprus Shipping Chamber backs global approach to decarbonisation

The Cyprus Shipping Chamber (CSC) has backed international efforts to forge a common approach to shipping decarbonisation ahead of the International Maritime Organisation’s (IMO) MEPC 84 session, warning that a fragmented regulatory landscape would raise costs and deepen uncertainty for the industry.

In a statement, the chamber welcomed a joint position put forward by seven international maritime organisations, describing the upcoming session as a key opportunity for IMO member states to narrow differences and intensify dialogue on measures to cut emissions without undermining the resilience of global trade. 

The chamber said a coordinated approach under the IMO remained essential for the stability and clarity the industry needs, while also giving companies the regulatory certainty required to invest in sustainable alternative marine fuels. 

At the same time, it said any new measures must be practical and effective if the sector is to meet greenhouse gas reduction goals, while safeguarding a just transition and preserving a level playing field across the industry. 

CSC also cautioned that, without a globally harmonised framework, shipping risks becoming exposed to a patchwork of regional or unilateral measures that could drive up costs, weaken competitiveness and add to regulatory uncertainty. 

It urged IMO member states to assess the proposals before MEPC 84 carefully, so that any decisions are grounded in real data and ensure equal treatment of all fuels and technologies, while taking into account issues such as availability and safety. 

The chamber reaffirmed its support for a sustainable, competitive and internationally aligned shipping sector, adding that it would continue to engage actively with all stakeholders through dialogue and participation.