How IMO 2024 impacts freight forwarding and customs compliance
The International Maritime Organization (IMO) has set the stage for a transformative shift in global shipping with its 2024 framework, which is set to be ratified in 2025.
This framework will impact freight forwarding, customs compliance, and global trade facilitated through maritime shipping. Evolving regulations that address sustainability, security, and operational efficiency are top of mind for IMO 2025.
Top 3 concerns addressed in the IMO 2024 framework
1. Seafarer welfare and workforce regulations
The IMO framework highlights the importance of seafarer welfare, addressing issues such as criminalization, fair treatment, and workforce diversity. Freight forwarders may face potential changes to the status quo in terms of labour law and shipping crew requirements. It’s important for customs brokers to also stay informed about any new compliance measures that may be related to crew documentation or operational standards for vessels entering and exiting ports.
2. Security challenges in global shipping
Maritime security remains a top concern, especially with the significant number of attacks on shipping vessels. In particular, attacks in the Red Sea have underscored the urgent need for enhanced security. Freight forwarders should take into account potential delays, rerouting, or security inspections that could impact logistics. Additionally, customs authorities may be compelled to impose stricter controls and reporting requirements for cargo considered high-risk while traversing through affected regions.
3. Decarbonization and green shipping mandates
One of the most impactful changes in the IMO framework is the drive toward net-zero greenhouse gas emissions in the shipping industry by 2050. The framework introduces major milestones for 2030 and 2040, with a focus on reducing carbon footprints. A global carbon levy, expected to become mandatory in 2025, will affect freight rates and operational costs when ratified.
For customs brokers, this means potential adjustments to import duties and taxes based on carbon-related surcharges. Freight forwarders may need to explore alternative fuels, optimize shipping routes, and work closely with carriers to remain competitive while complying with an eco-conscious regulatory environment.
IMO 2024 builds on previous regulations
Prior to the IMO 2024 framework, the International Maritime Organization has been progressively evolving regulations to improve environmental sustainability, security, and labor conditions in global shipping. Notable initiatives that set the groundwork for today include:
MARPOL: The primary international convention addressing pollution from ships, with amendments over the years to regulate sulfur emissions, ballast water management, and ship waste disposal.
IMO 2020 Sulfur Cap: Implemented in January 2020, this regulation limited the sulfur content in marine fuel to 0.5%, significantly reducing harmful emissions.
SOLAS: The Safety of Life at Sea (SOLAS) regulations has been continuously updated since its inception in 1914, with key amendments affecting vessel safety, container weight verification, and cybersecurity measures.
Ballast Water Management Convention: Designed to prevent the spread of invasive species through ballast water discharge.
IMO Greenhouse Gas Strategy: Set initial targets for reducing carbon emissions from international shipping, leading to more aggressive mandates under IMO 2024.
These regulations laid the foundation for the IMO 2024 framework, ensuring a smoother transition into the current wave of environmental and security measures.
Preparing for IMO 2024 compliance
Adopt digital solutions
Implementing advanced tracking and documentation systems can streamline compliance with new customs and security regulations.
Monitor freight costs
With a global carbon levy on the horizon, freight forwarders should anticipate pricing shifts and consider eco-friendly shipping alternatives.
Enhance security measures
Ensuring compliance with evolving security regulations will minimize disruptions and penalties for high-risk shipments.
Stay informed on updates
The regulatory landscape is changing rapidly, and businesses must engage with industry associations and government agencies to remain compliant.
The future of global trade
The IMO 2024 framework is more than just a set of regulations—it’s a blueprint for a more secure, efficient, and sustainable shipping industry. By embracing these shifts now, industry leaders can ensure compliance, minimize risks, and seize new opportunities in a rapidly evolving maritime landscape.
In a world of ever-changing regulations and requirements, you need an experienced partner by your side. Connect with Cole today.
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