International Maritime Organization's (IMO) MEPC 83 meeting and its significant impact on the global shipping industry. The key outcome discussed is the approval of net-zero regulations, representing a major step towards decarbonization.The challenges and costs associated with this transition, including investments in alternative fuels and technologies, the complexities of retrofitting ships, and the potential for increased shipping rates. Several sources also touch on the financial mechanisms, such as emissions pricing, being introduced to facilitate these changes.Disclaimer: This podcast is created for entertainment purposes only. While we discuss maritime regulations and related topics, it is essential to consult the official requirements and perform your due diligence to ensure full compliance. The information provided in this podcast should not be considered a substitute for professional advice or thorough review of the relevant regulations.