The International Chamber of Shipping released a new report authored by Dr. Stefan Ulreich, highlighting the dominant role that heavy industry sectors are poised to play in driving global hydrogen demand until 2050. South Korea, Japan, and Europe are expected to lead the hydrogen market, with Europe aiming for 20 million tonnes of hydrogen annually by 2030, half of which will be imported. The report underscores the unprecedented scale of renewable electricity required for green hydrogen production and the challenges this poses. To meet the projected 30 million tonnes of annual green hydrogen demand, the world needs 411 new hydrogen vessels and a substantial increase in renewable electricity production. Professor Ulreich emphasizes the need for new infrastructure, demand support mechanisms, and a stable regulatory environment to facilitate the uptake of green hydrogen in various sectors. Guy Platten, ICS Secretary General, highlights the potential for the shipping industry to act as a catalyst in the hydrogen economy. While the report paints a positive outlook for hydrogen's potential, it also warns of the volatility in demand scenarios, necessitating robust planning and investment strategies for businesses and investors.