Nordic Nations Advance Second Phase of Zero‑Carbon Shipping Roadmap

Phase 2 Overview

The Nordic Roadmap for the introduction of sustainable zero‑carbon fuels in shipping has entered its second stage, signalling a shift from high‑level strategy to tangible delivery. DNV, the organisation that is steering the initiative, highlighted that the new phase will concentrate on turning plans into action over the coming years.

Key Focus Areas

• **Green Shipping Corridors** – The programme will identify and evaluate routes that can support the use of zero‑carbon fuels. The goal is to pinpoint corridors that are both technically feasible and economically viable.
• **Financing Mechanisms** – A central theme of Phase 2 is the development of financial models and funding sources that can support the rollout of green shipping corridors. This involves exploring public‑private partnerships, green bonds, and other investment vehicles.
• **Stakeholder Engagement** – DNV emphasised the importance of involving cargo owners and the finance sector, recognising them as pivotal actors in making green shipping competitive and commercially attractive.

Stakeholders and Partners

The programme is managed by DNV and is supported by a coalition of research institutes and industry partners, including:

• **Everllence** – a consultancy specialising in energy transition.
• **IVL Swedish Environmental Research Institute** – providing environmental impact assessments.
• **Icelandic New Energy** – contributing expertise in renewable energy solutions.
• **SINTEF Ocean** – offering ocean‑related research and technology development.
• **VTT** – a technology and innovation centre focusing on sustainable transport.

These collaborators bring a broad range of expertise that will help translate the roadmap’s concepts into operational projects.

Timeline and Next Steps

Phase 2 is scheduled to run through 2027. Building on the groundwork laid in the first phase, the initiative aims to advance two to three green shipping corridors toward realisation. The roadmap will:

1. **Assess Corridor Feasibility** – Conduct technical, environmental and economic studies to confirm which routes can support zero‑carbon fuels. 2. **Secure Financing** – Develop and negotiate funding arrangements that cover infrastructure, vessel retrofits and fuel supply chains. 3. **Pilot Implementation** – Initiate pilot projects on selected corridors to demonstrate viability and gather operational data.

By the end of 2027, the expectation is that at least a couple of corridors will have moved beyond the planning stage, providing a template for further expansion across the Nordic maritime sector.

Market Implications

While the announcement focuses on strategic and operational milestones, it also signals a growing commitment from the region to align with global decarbonisation targets. The initiative’s emphasis on financing and stakeholder involvement reflects the broader industry trend of seeking sustainable business models for zero‑carbon shipping. For market participants, the development of green corridors could influence demand for low‑sulphur fuels, alternative energy carriers and related bunkering services.

In summary, the Nordic countries are taking a decisive step toward operationalising zero‑carbon shipping, with a clear roadmap that blends technical assessment, financial planning and stakeholder collaboration. The outcome of Phase 2 will set a precedent for how regional initiatives can transform maritime sustainability ambitions into market‑ready solutions.