New analysis from S&P Global, released today by the World Shipping Council, highlights the critical role of the liner shipping industry in the U.S. economy.

The report independently quantifies the annual impact of the liner shipping industry - across key metrics including GDP contribution, employment, wages, sales activity, and government revenues.

World Shipping Council President & CEO Joe Kramek welcomes the U.S. administration's plan to rebuild American shipbuilding through strategic public-private investment, workforce development, and targeted incentives to rebuild shipbuilding capacity. 

“We want to work constructively with the administration on its efforts to revitalize the U.S. maritime industry,” Joe Kramek said. 

The International Maritime Organization (IMO) is on the cusp of striking the world’s first global carbon pricing deal for any industry. “If that happens, it’ll be a major milestone for climate policy and a turning point for shipping,” said World Shipping Council President & CEO Joe Kramek.

To succeed, the measure must help bridge the price gap between fossil fuels and cleaner alternatives, including zero and near-zero (ZNZ) fuels. That’s essential to drive investment in green energy and fuel supply, and to build the economies of scale needed to reduce cost over time.

The World Shipping Council (WSC) today released new research that shows both renewable-capable vessels and renewable fuels could be available to meet EU 2030 targets, but that the price gap between fossil and renewable fuels is the major barrier to making decarbonisation a reality.

As a global shipping hub and major supplier of traditional maritime fuels, the European Union risks being left behind if it doesn’t put serious investment and political commitment behind the Clean Industrial Deal announced today, says the World Shipping Council (WSC).  

We’re encouraged by the progress made at the IMO this week ahead of the MEPC 83 meeting in April, WSC Vice-President Environment and Climate Bryan Wood-Thomas said.

Ahead of World Customs Day 2025, the shipping, logistics, and trade industry has issued a joint statement calling for customs reform that keeps pace with the growing complexity of global trade. 

What immense relief for the Galaxy Leader crew and their families to hear the news of their release after 14 months in captivity," Joe Kramek, President and CEO of World Shipping Council said.