The vote to delay the Net-Zero Framework on 17 October 2025 reveals a deep split between IMO member states with the EU pushing the decarbonization agenda along with smaller island states that stand to gain the most from the NZF while the US and most of Asia were opposed to the adoption of carbon pricing on shipping. Countries that voted for the delay included the US, China and Russia along with other major oil exporting nations. Singapore was the only Asian country to vote against the motion to
IMO member states voted 57-49 to adjourn the MEPC meeting for one year on 17 October 2025, delaying the adoption of the Net-Zero Framework (NZF) which raises investment uncertainty for new containerships although it will not stop the ongoing wave of new ship orders. Owners have added a further 240,000 teu to the orderbook in the last 2 weeks, bringing total new containership orders in 2025 past the 4m teu mark. Containership owners and operators are already ahead of other shipping segments in t