The shipping industry is undergoing a crucial transformation towards decarbonization to reduce its global greenhouse gas emissions. Initiatives like the Getting to Zero Coalition and the Green Hydrogen Catapult have paved the way for the adoption of green hydrogen and hydrogen-derived fuels in shipping, with a focus on achieving zero emissions by 2050. The use of low-carbon hydrogen and hydrogen-derived fuels like ammonia and methanol is seen as a promising solution to meet decarbonization targets, supported by a mix of robust policies, regulations, and standards. Key international organizations have signed commitments to accelerate the adoption of hydrogen-based fuels, aiming for a 5-10% adoption rate by 2030 to drive maritime decarbonization efforts. The successful launch of the Fortescue Green Pioneer vessel, powered by ammonia, showcases the potential of hydrogen-derived fuels for sustainable marine transportation. The International Maritime Organization (IMO) is actively working towards establishing binding global regulations to reduce shipping emissions, with plans for a draft net-zero framework by late 2025. The potential of hydrogen as a maritime fuel is highlighted by the growing establishment of hydrogen hubs at major ports worldwide, signaling a shift towards infrastructure development to support large-scale hydrogen refueling and sustainable port operations. The future of sustainable shipping lies in the innovative use of hydrogen-derived fuels alongside ongoing advancements in hydrogen storage and transportation technologies.