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A new Sustainability Panel (EC-16) formed under the SNAME T&R Program's Environmental Engineering Committee brings forth its first publication - A groundbreaking whitepaper on "Sustainable Shipping: What It Is and Why It Matters" by Dr. Thomas McKenney, shedding light on the critical role of sustainability in the maritime industry. This whitepaper explores the environmental, economic, and social dimensions of sustainability while addressing the challenges posed by shipping emissions, biodiversity loss, and climate change. The whitepaper also highlights the urgency of maritime decarbonization, sustainable shipping initiatives, and industry-wide collaboration to achieve net-zero emissions by 2050. As global trade continues to expand, this timely publication serves as a vital resource and is available to download at no charge.