The move comes two days after the U.K. government legislated to take control of the steelmaker from its Chinese owner Jingye Group in a bid to save the Scunthorpe site.
The approved measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for large oceangoing ships over 5,000 gross tonnage.
Even balanced against elevated levels earlier this year, total 2025 cargo volume could show a net decline of 15% or more unless the situation with tariffs changes.