The maritime industry's journey towards decarbonization has gained momentum, driven by climate goals and market demands. Regional and global frameworks like the EU's FuelEU Maritime and the IMO's Net Zero Framework are shaping the path towards achieving net-zero emissions by 2050. The IMO Framework, announced in April 2025, mandates ships above 5,000 gross tonnage to calculate their GHG Fuel Intensity and adopt compliance tiers with specific reduction targets. Ships using zero or near-zero GHG technologies will benefit from rewards, contributing to a newly established Net Zero Fund. Stakeholders across the maritime value chain, from operators to investors, must navigate this regulatory landscape with clear strategies and investments. Financial barriers and the need for standardized GHG accounting pose challenges, but the IMO Framework aims to reduce uncertainty and attract investment. To meet the IMO targets, organizations are advised to develop flexible roadmaps, assess technologies, secure funding, and monitor compliance guidelines. Harmonization between global and regional frameworks is crucial for seamless implementation and to avoid complications for operators affected by multiple regulations. The industry's alignment with the IMO's Net Zero Framework sets the foundation for decarbonization, but further targets will be necessary to achieve industry-wide net-zero emissions by 2035.