The Union of Greek Shipowners and shipping companies advocate for the recognition of LNG as a transitional marine fuel, emphasizing its role in achieving zero emissions. Despite concerns over methane slip emissions, advancements in technology and regulations could enhance LNG's environmental viability. Concerns arise regarding the feasibility of developing comprehensive multi-fuel distribution networks, especially in a predominantly oil-based shipping industry. Alternative fuels like ammonia are being considered, albeit with safety challenges. Carbon capture technology is viewed as a promising but complex solution for reducing emissions on existing vessels. Innovative vessel designs, such as the dual-fuel LNG/hydrogen-powered Ultramax bulker, are paving the way towards sustainable shipping. By incorporating hybrid propulsion and energy-efficient technologies, these vessels aim to cover diverse fuel scenarios up to 2050. The integration of hydrogen production on board offers a practical solution, avoiding challenges associated with storing liquid hydrogen. Overall, the industry is exploring various avenues, from carbon capture to dual-fuel engines, to navigate towards a greener and more efficient future.