Pathfinder
Shipping
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Shipping currently emits 3% of global greenhouse gases but without action, that share could rise to >10% by 2050. Maritime transport facilitates over 80% of worldwide commerce by volume. The SMI is uniquely positioned to mobilize the maritime value chain to accelerate green shipping and support private sector diplomacy.
Problem statement
Fragmented shipping value chain collaboration: Green corridors require aligned action from shipowners, charterers, ports, fuel producers, banks, insurers, and regulators, yet stakeholders remain siloed with mismatched timelines, risk appetites, and incentives. Of 80+ announced corridors, only 4 have been realised.
Insufficient demand and investment for green fuels and infrastructure: High upfront costs for zero-emission fuels, vessel retrofits, and port upgrades create a “chicken-and-egg” problem, while uncertain offtake deters supply-side investment.
Lack of scalable, commercially viable pathways that include marine protection and a just transition: Many corridor efforts focus on emissions alone and struggle to protect marine ecosystems, support seafarers in developing regions, and remain profitable over time.
Shipping, trade, and energy are interconnected but disconnected in the transition: Shipping underpins global trade and energy security, while the energy transition shapes maritime fuels and economics. Treating shipping in isolation narrows solutions and misaligns value-chain incentives.
Implementation pillars
IMO Net Zero Framework
The SMI’s private sector diplomacy efforts aim to bridge the gap between private sector support and voting governments.
Shipping, Trade & Energy Corridors
Bridge silos across the full value chain — shippers, carriers, ports, fuel suppliers, finance, and regulators
Financing the Green Transition
The SMI will convene cargo owners, shipowners, and financiers to generate credible offtake commitments and bankable project pipelines. Innovative finance and insurance models — including AI and satellite imagery to reduce risk premiums — will unlock capital for fleet retrofits, newbuilds, and port upgrades
Terra Carta Green Corridors Recognition & Showcasing
SMI could create replicable, profitable models that others adopt facilitated by a ‘Terra Carta Green Corridors’ recognition. Each year, the SMI will showcase leading efforts across each stakeholder groups (e.g. Ship Owners, AI, Electrification, Green Fuels, Logistics, Buildings, Space-based Monitoring and Ports).
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