The International Chamber of Shipping (ICS), a trade association which represents over 80% of the world merchant fleet, has urged the UN maritime regulator International Maritime Organization (IMO) to clarify issues surrounding the new Net-Zero Framework (NZF).

In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonizing international shipping and one that the ICS has been advocating for and fully supports, the trade association said.