The shipping industry, a significant contributor to global emissions, is undergoing a transformation towards sustainability and decarbonization. Sweden is at the forefront of this movement, with Stockholm conducting trials of the world's first high-speed electric ferry, the Candela P-12. This innovative vessel is set to revolutionize sea transport by drastically reducing energy consumption, offering commuters a faster and more eco-friendly alternative. The success of this trial could shape the future of the shipping industry. Shipping, vital for world trade, is challenging to decarbonize due to its sheer scale and emissions impact. The World Economic Forum's First Movers Coalition is dedicated to assisting hard-to-abate sectors like shipping in transitioning to greener practices. Various decarbonization solutions are being explored, including biofuels, renewable energy sources, and hybrid systems. In addition to electric ferries, the industry is investigating alternative fuels such as biogas, ammonia, methanol, and hydrogen to power vessels. Innovative approaches like wind-powered ships and hybrid ferry systems are also being developed to reduce emissions. The rise of electric ferries in Swedish waters signifies a positive step towards a more sustainable and environmentally conscious shipping industry.