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Shipping accounts for 1 billion tonnes of global emissions

Shipping is responsible for 3% of global emissions. Rapidly increasing globalisation and maritime trade mean this is expected to jump to 8% of global emissions by 2050.

With the maritime industry accounting for more than 80% of world trade (by volume) and an average vessel lifespan of 25-30 years, the time for change is now.

Shipping's Course to Real Zero

The Green Pioneer is our proof to the world that shipping can decarbonise. Developed using innovative applications, processes and technology, the 75 metre long dual-fuel ship is capable of running on green ammonia.

How can global shipping decarbonise?

Our call on governments

The UN International Maritime Organisation (IMO) is in the process of making the single most important regulatory change in shipping in our generation.

The early adoption of zero emission fuels such as green ammonia – and the bypassing of transitional fuels such as biofuels and LNG – would be a game-changer for global shipping.

It is an opportunity that cannot be missed.

  • A timely but equitable transition

    Ensuring that policy addresses the twin goals of promoting both a timely energy transition and one that is equitable.

  • A reward for e-fuels

    Without a clear and effective reward for e-fuels, there is unlikely to be significant investment in e-fuels before 2040.

  • A GHG pricing mechanism

    A meaningful greenhouse gas (GHG) pricing mechanism that supports an accelerated transition.

  • A global fuel standard

    A much more stringent global fuel standard that is applied to all ships (the IMO only regulates international shipping so this would apply to large vessels only).

  • Early adoption

    Purposeful and meaningful promotion of the early adoption of zero emission fuels, critical to decarbonise global shipping now.

The Green Corridor, Towards Zero Carbon Shipping 

The Green Hydrogen Organisation and Fortescue's joint publication analyses the IMO’s new carbon pricing and fuel standards, and highlights four priority actions to ensure a sustainable transition to zero-carbon maritime fuels.

The role of ports

While clear, robust policies from the IMO will be vital in enabling the early adoption of zero emission fuels such as green ammonia, ports and the bunkering ecosystem that support them will be integral to these policies becoming a reality.

Port readiness – or the lack thereof – to store, handle and bunker zero emission fuels will have a significant impact on fuel prices and accessibility.

The Maritime Port Authority of Singapore set a high bar with its willingness to work together with Fortescue to safely conduct ammonia trials in March 2024.

It is now imperative that global ports demonstrate the same leadership and character.

Key facts

The Green Pioneer is a groundbreaking vessel at the forefront of maritime decarbonisation.

Developed in collaboration with industry leaders, it has achieved key milestones in ammonia-powered propulsion, safety, training, and fuel transfer.

This initiative paves the way for a sustainable shipping future, validating green ammonia as a viable marine fuel and driving the global transition to cleaner energy.

News from the bridge

Learn more about what our Green Pioneer is up to around the world.