The global shipping industry is grappling with increasing pressure to cut greenhouse gas emissions as new regulations from the European Union (EU) and the International Maritime Organization (IMO) take effect. The IMO has set an ambitious target to reduce maritime greenhouse gas emissions by at least 40% by 2030. Meanwhile, the EU aims for a combined 55% reduction across the shipping, aviation, and energy sectors. Starting in 2025, the EU will require shipping companies to surrender carbon credits to cover 40% of their reported emissions. This requirement will rise to 70% in 2026 and reach 100% by 2027. However, the industry faces significant challenges in meeting these goals due to the current limitations in technology and infrastructure. "The shipping industry is under immense pressure to decarbonize, but it is struggling to keep up with these tightening regulations," says Antonia Panayides, a transportation attorney with Reed Smith. Panayides acknowledges that while the industry can eventually achieve substantial reductions in emissions, it will require considerable time, financial investment, and commitment from global governments to develop the necessary resources. At present, liquefied natural