Assessing the progress ofthe maritime energy anddigital transitions March 2025 The Global Maritime Trends programme launched by Lloyd’s Register and Lloyd’s RegisterFoundation, is a dynamic, multi-year research initiative, designed to provide evidence,insight, and foresight into the major challenges shaping the maritime industry betweennow and 2050, taking a holistic view of the maritime world, from fishing to offshore wind.The programme launched in 2023 with the Global Maritime Trends 2050 Report (GMT2050Report) by Economist Impact, which analyses possible future scenarios for maritime in2050, based on the speed of technology adoption and the level of global collaboration, tohelp the industry forecast risks, opportunities, and required investment. At the heart ofthe programme are a series of ‘deep dive’ reports which explore critical maritime issues,delivering expert analysis and robust data to provide a comprehensive understandingof the evolving maritime landscape and the potential implications for various maritimestakeholders. In parallel with those deep dives and part of that same programme is theGlobal Maritime Trends Barometer which offers an annual pulse of the maritime industry’sjourney through the energy transition and digital transition, while assessing progress towardsthe four future scenarios as outlined in the GMT2050 Report by Economist Impact. Thebarometer is structured along five key components of the maritime industry: maritime trade,energy, vessels, ports, people. Scan to find out moreabout the GlobalMaritime TrendsProgramme Executive summary The global maritime industry has set the ambition of net zerogreenhouse gas (GHG) emissions from international shipping by oraround 2050 under the International Maritime Organization’s 2023Revised GHG Strategy. Lloyd’s Register (LR) has conducted a first-of-its-kind, comprehensive study to assess theindustry’s progress toward a net-zero future for the energy transition and towards paritywith terrestrial homes and offices in the digital transition. The findings of these parallel studies are presented through barometer gauges, illustratingthe trajectory of each transition in line with net zero ambitions on a scale from fullalignment to an unattainable transition. Each transition is further broken down into thefive key components of the maritime transition identified in the Economist Impact’s GlobalMaritime Trends 2050 Report (GMT 2050 Report), commissioned by LR and Lloyd’s RegisterFoundation. These components include internal and external factors affecting the paceof maritime decarbonisation, and have their own barometer readings to direct industryattention to areas in need of support. Executive summary The GMT 2050 Report explored four potential maritimefutures based on a matrix defined by the rate of technologyadoption across society and global co-operation on climatechange. The barometers were designed to forecast themost likely Maritime Future at current rates of progress, aprediction which will be reviewed annually. This first edition of the GMT barometer is a starkassessment of the industry’s progress, but also presentsa critical opportunity for course correction with minimaldisruption. With each passing year, the window formeaningful action narrows, and the costs of realigning theindustry with its net-zero ambition increase significantly. Issues were identified across all of the key componentsof both the energy and digital transitions, but the Peoplecomponent was an area of particular concern in bothbarometers. The analyses highlight common barriers toprogress, including insufficient training and investmentin developing the skilled professionals necessary to lead,manage, and operate the ports and ships of the future.These issues are explored in detail in the first GlobalMaritime Trends deep dive on seafarer sustainability:supporting the opportunity for Africa and women to createa sustainable supply of seafarers for the future, whichassesses the actions needed to see Africa becoming apivotal force in the maritime labour market, and for womento become 25 percent of the maritime workforce by 2050. PortsPorts PeoplePeople 33% 32% 29% 27% Common themes are also evident in the Ports analyses, where digital and environmentalprogress remains largely confined to advanced ports and port clusters. The growth in smartports is a positive for the sector, as digital technologies have proven their ability to unlocksignificant efficiency improvements and related emissions reductions. However, the slowpace of port infrastructure development and the challenges of digital projects with multiplestakeholders necessitates an acceleration of action. Within the industry, digitalisation efforts, such as enhancing connectivity and automation,hold unrealised value in improving the productivity and well-being of seafarers andother workers—important considerations given the challenges of tight labour markets.As increasingly digitally proficient and environ