S&P Global and Shanghai Port Energy Deepen Talks to Jointly Explore Pathways for Green Fuel Transition in Shipping

On January 13, 2026, Mark Eramo, Senior Strategic Advisor at S&P Global and former Co-President of Energy, led a delegation of Asia-Pacific and Greater China regional heads and experts to visit the headquarters of Shanghai Port Energy. They held talks with Luo Wenbin, Executive Director and General Manager of Shanghai Port Energy. The two sides engaged in in-depth discussions on three core topics: green fuel industry trends, the global shipping energy transition process, and policy and market synergy, focusing on the impact of international rules on industry development and exploring potential areas for cooperation.

The talks focused on green fuel technology pathways, commercialization progress, and recent negotiation dynamics at the International Maritime Organization (IMO). Both sides agreed that, under the global consensus on shipping emission reduction, green fuels are transitioning from demonstration applications to the scale-up development stage, and that the synergy among industrial capacity, market demand, and policy guidance is key to breaking through industry bottlenecks. Considering the current industry situation, with the IMO net-zero emission framework vote postponed to October 2026, global shipping emission reduction faces regulatory uncertainty, making the establishment of a unified rules system crucial for the industry's transition.

Mark Eramo pointed out that S&P Global has long tracked the global shipping energy transition, and that China ranks among the global leaders in both the intensity of discussion and market potential in the green energy sector. Furthermore, policy orientation and market demand are highly aligned, forming a virtuous development mechanism. He expressed anticipation for deepening cooperation with Shanghai Port Energy in areas such as market analysis, industry chain development pathways, and alignment with international rules, leveraging professional expertise to support China's shipping green transition.

Luo Wenbin introduced that Shanghai Port Energy is accelerating the construction of green fuel bunkering capabilities at Shanghai Port, building a diversified green fuel supply system tailored to international shipping needs, to provide stable and reliable solutions for shipping enterprises. He emphasized that combining S&P Global's strengths in international energy market research, data analysis, and interpretation of rules systems with Shanghai Port's practical experience will effectively help cultivate a standardized and efficient green fuel market for shipping, promoting the sustainable development of global shipping.

Currently, the global shipping industry faces challenges such as green fuel supply shortages, high costs, and inconsistent regulations. As a critical turning point year for the shipping green transition in 2026, the construction of international rules and industry chain synergy are receiving significant attention. This meeting established a communication bridge between international perspectives and local practices for both sides, and is expected to provide important support for Shanghai Port and even China's shipping industry in aligning with global green transition rules and optimizing green fuel layouts.