JUNE 19, 2018 — One of the world’s largest vessel charterers, agribusiness giant Cargill, has published its first corporate responsibility report specifically for its ocean transportation business. The report, written in line
NOVEMBER 13, 2017 — The European Parliament and the EU member states last Thursday agreed on a revision of the EU’s Emissions Trading System, ETS, that does not subject shipping to the
NOVEMBER 7, 2017 – The 2017 UN Climate Change Conference (COP 23) opened in Bonn, Germany, this week. The International Chamber of Shipping (ICS), representing owners controlling over 80 percent of the
JUNE 5, 2017 — The United Nations Ocean Conference (5-9 June), organized by the UN General Assembly, opens today in New York and tomorrow, June 6, the International Chamber of Shipping (ICS)
DECEMBER 15, 2016 —The Danish Shipowners’ Association reports that the European Parliament’s Environment Committee has decided to call for the inclusion of maritime transport in the EU Emissions Trading Scheme (ETS). The
ICS, whose membership comprises national shipowners’ associations from 37 countries representing more than 80% of the world merchant fleet, has some key messages for government negotiators on the progress shipping is making to reduce its carbon footprint.
According to ICS, the global industry is already delivering carbon neutral growth having reduced total CO2 emissions by more than 10% since 2007, despite an increase in maritime trade.
CO2 emissions from international shipping now represent just 2.2% of the world’s total CO2 emissions compared to 2.8% in 2007 (UN IMO Green House Gas Study, 2014).
“These are genuine reductions through fuel efficiency, without the need for complex virtual measures such as carbon offsets,” said ICS Secretary General, Peter Hinchliffe. “With bigger ships, better engines and smarter speed management, the industry is confident of a 50% CO2 reduction by 2050 when the entire world fleet will comprise super fuel-efficient ships, many using clean fuels such as LNG.”
But in the run-up to the Paris Conference, the shipping industry recognizes that governments expect more.
IMO has already set a mandatory target whereby all ships built from 2025 (including those in developing nations) must be 30% more efficient than ships built in the 2000s. This applies to over 95% of the world merchant fleet, under new regulations that came into force worldwide in 2013.
ICS says that IMO is the only place that can ensure that the entire world fleet will continue to deliver further CO2 reductions, regardless of a ship’s flag, while respecting the United Nations Framework – Convention on Climate Change (UNFCCC) principle of “Common But Differentiated Responsibility.”
ICS stresses that the 10% CO2 reduction achieved since 2007 is across the shipping sector globally, not just ships registered in richer countries which are the only nations required to make commitments for land-based CO2 reductions under the current Kyoto Protocol on climate change.
“The entire world fleet is about 20% more efficient than in 2005. With the support of the shipping industry, IMO has already achieved a great deal and is the only forum that can deliver further significant CO2 reductions from international shipping,” said Peter Hinchliffe.
A new ICS fact sheet “Delivering CO2 Emission Reductions: Shipping is Part of the Solution” can be downloaded HERE
Cyprus-based Eureka Shipping, a cement carrier service provider jointly owned by SMT Shipping and Canada’s CSL Group, recently announced the construction of a state-of-art mechanical/pneumatic cement ship destined for operation on the
As IMO’s MEPC 81 was going on in London last week, ABS Chairman and CEO Christopher J. Wiernicki was telling a session of the CERAWeek energy conference in Houston that a universal,
Peter Schroder, the CEO of U.K.-based Sea answers our questions on ways shippers can enable sustainable shipping practices Sea delivers reliable, data-driven solutions that power better decisions to enable sustainable shipping across the
By Sean McLaughlin, Strategy Consultant, Houlder The shipping industry’s decarbonization will partly rely on transportation of CO2. Sean McLaughlin, Strategy Consultant at design and engineering consultancy, Houlder, emphasizes how, as the need
