Latest news from Heavy Lift & Project Forwarding International Magazine

Compromise needed for IMO strategy

The International Chamber of Shipping (ICS) has urged governments to compromise in order to help the International Maritime Organization (IMO) agree on a strategy for the further reduction of CO2 emissions in the shipping industry.

Ahead of the Intersessional Working Group and Marine and Environmental Protection Committee (MEPC) meetings, ICS has stressed that governments will need to show far more willingness to compromise on their current positions or put at risk an agreement on a meaningful strategy.

"Agreement upon a mid-century objective for the total reduction of CO2 emissions by the sector, regardless of trade growth, will be vital to discourage unilateral action and to provide the signal needed to stimulate the development of zero CO2 fuels," said ICS chairman, Esben Poulsson. "But the very high level of ambition proposed by certain EU member states - a 70 to 100 percent total cut in emissions before 2050 - is unlikely to achieve consensus support." 

Poulsson added that alternative proposals made by China and Japan merit serious consideration and could form the basis of a possible compromise. "China in particular seems to have made a real effort to move away from its previous opposition to establishing CO2 reduction goals for the sector's total emissions," said Poulsson. "If EU nations want a global agreement they should acknowledge this by similarly modifying their own positions."   

ICS suggests that if the IMO sets an initial objective of cutting the sector's total CO2 emissions by, for example, 50 percent, rather than 70 to 100 percent, this would still require a major improvement in ship efficiency. When taking into account the anticipated growth in maritime trade, ICS says this would still only be possible with the widespread use of zero CO2 fuels.

ICS and other industry associations have previously proposed the need for an ambitious vision in the IMO strategy, making it clear that the ultimate goal is the elimination of all CO2 emissions from international shipping sometime between 2050 and 2100, or as soon as the worldwide availability of zero CO2 fuels makes this possible.

 

www.ics-shipping.org

www.imo.org

Heavy Lift | News

CSA 2020 disappointed with EC scrubber proposal thumbnail image

CSA 2020 disappointed with EC scrubber proposal

February 22 - The Clean Shipping Alliance 2020 (CSA 2020) has expressed concerns over the European Commission’s (EC) proposal to the International Maritime Organisation (IMO) regarding the use of exhaust gas cleaning systems.
Views: 303
Setramar sells multipurpose unit thumbnail image

Setramar sells multipurpose unit

February 21 - International law firm Watson Farley & Williams (WFW) has confirmed that it advised Italy's Armamento Setramar, part of the Setramar Group, on the sale of its vessel Pietro Benedetti.
Views: 370
AAL delivers for Stockyard thumbnail image

AAL delivers for Stockyard

February 19 - AAL has transported a 305-tonne Toshiba transformer for Australia’s Stockyard Hill wind farm in Victoria on behalf of Cargo Line International. 
Views: 630
Slowing growth threatens shipping thumbnail image

Slowing growth threatens shipping

February 19 - As the International Monetary Fund (IMF) revises its predictions for global growth in 2019 and 2020 - down to 3.5 percent and 3.6 percent respectively - BIMCO says the risks are piling up for the shipping industry.
Views: 770

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.