Moving Targets: Transition Markets Put Flexibility Before Forecasts

C-MACC Weekly Sustainability and Energy Transition Report

Moving Targets: Transition Markets Put Flexibility Before Forecasts

• 1st Topic of the Week: Shipping companies are preserving fleet flexibility and adding fuel options as carbon rules tighten unevenly and long-term marine fuel economics remain difficult to underwrite.
• 2nd Topic of the Week: Hydrogen has a clearer commercial path through existing ammonia systems, where lower carbon intensity can improve economics without waiting for green hydrogen parity.
• Additionally, Transition markets are separating durable demand from policy-supported volume, raising the value of infrastructure access and cost control as capacity and timing assumptions reset.

Exhibit 1: ZIM’s LNG Fleet Pairs Alternative Fuel Exposure With Charter Flexibility as Economics Evolve.

Source: ZIM – 2Q26 Earnings Presentation