Maritime transport underpins global trade, moving around 80% of goods worldwide. At the same time, it accounts for nearly 3% of global greenhouse gas emissions. As momentum builds for cleaner shipping, the shipbuilding industry plays a critical role in designing, constructing, and retrofitting vessels than can operate on alternative fuels, advanced propulsion systems, and energy-efficient technologies. With the International Maritime Organisation's 2023 GHG strategy setting a clear course, the industry is accelerating the development of low- and zero-emission solutions. Yet, challenges remain- an aging fleet, diverse ship types, high fuel costs, and investment gaps all influence the pace of progress. This report examines how new ship designs, fuel technologies, and technology innovations are reshaping maritime transport and explores the key enablers driving this transformation forward.
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