• 2016 October 5 17:40

    World's National Shipowner Associations press shipping’s global regulator to set timeline for reducing green house gas emissions

    About 90% of global trade is moved by cargo ships which are collectively responsible for about 2.2% of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation).  

    As a considered response to the Paris Agreement on climate change, the world's national shipowner associations – represented by their global trade association, the International Chamber of Shipping (ICS) – have pledged their support for the development of a timeline for the further reduction of the shipping sector's GHG emissions.

    ICS has proposed that the details of a CO2 reduction commitment should be developed on behalf of the sector, as soon as possible, by the industry's global regulator, the International Maritime Organization (IMO).

    The goal is to build on the substantial CO2 reductions already achieved by shipping, and the mandatory IMO CO2 reduction regime which is already in force worldwide.

    Responding to the expectation that the International Civil Aviation Organization (ICAO) may reach agreement this week on a CO2 reduction plan for the aviation sector, ICS Chairman, Esben Poulsson, explained:

    “Shipping is the only industrial sector which already has a mandatory global CO2 reduction regime in place, applicable to the entire world fleet and which predates the Paris Agreement by 4 years.  Shipping has a very good story to tell.  The most recent data from 2014 shows that shipping reduced its total CO2 emissions by over 10% in just 5 years, despite continuing growth in maritime trade.”  

    Mr Poulsson added:
    “The binding IMO rules, in force worldwide since 2013, will mean that future ships will be even more efficient and most ships built after 2025 will be at least 30% more efficient than those delivered in the 2000s.  It is amazing to consider that the most efficient ships today only burn 1 gram of fuel per tonne of cargo moved one kilometre.  With bigger ships, better engines, cleaner fuels and operational efficiency measures such as satellite-assisted speed management, we are confident of reducing CO2 emissions per tonne-kilometre by 50% by 2050.”

    Despite their current reliance on fossil fuels, individual ships are becoming far more efficient.  But the industry also wants IMO to respond to the challenge of addressing the total CO2 emissions from the sector if demand for maritime trade continues to increase due to population growth and economic development – factors over which the industry has no control.  

    The first step will be a global CO2 data collection system for ships, which IMO Member States will officially establish this October, with full industry support.  This system should then become fully operational by 2018.

    But ICS asserts that, in the same way that governments under the Paris Agreement have set out Intended Nationally Determined Contributions (INDCs) for reducing the total GHG emissions by their national economies, IMO needs to do something similar on behalf of the international shipping industry, even though it is a sector and not a country.

    ICS Chairman, Esben Poulsson, explained:
    “We wish to see IMO Member States adopt a course similar to that agreed by governments in Paris and which reflects the spirit of the Agreement.  This will help IMO Member States to demonstrate they are serious about building on the real progress already made by the shipping industry to reduce CO2.  Our hope is that this can be done in a way that will also be acceptable to developing nations whose support will be vital if IMO is to continue making progress on a global basis.”

    The Paris Agreement on climate change makes no explicit reference to international transport.  But the UNFCCC Kyoto Protocol, which is still in force, makes clear that both the shipping and aviation sectors have a responsibility to reduce their GHG emissions.

    Shipping's current share of the world’s CO2 emissions are a reflection of the fact that shipping is a truly enormous industry transporting almost 10 billion tonnes of cargo a year.  It may be out of sight, but international cargo shipping (about 70,000 ships) keeps the world economy running, transporting energy, food and raw materials, as well as most of the world's manufactured products.




2018 December 17

18:23 Sembcorp Marine retains its position as Asia’s top cruise ship repair and upgrade solutions provider with newbuilds projects delivered in 2018
18:02 USPA announced tenders for dredging in Mariupol and Berdiansk seaports
17:48 SITC holds naming and delivery ceremony for M/V SITC SENDAI
17:37 ONE to implement LSF surcharge in China and Taiwan
17:15 NCSP Group's consolidated cargo turnover for January-October totaled 116,946 thousand tons
16:41 Moody's reaffirms Panama Canal's A2 long-term rating with stable outlook
16:26 Port of Oakland shatters 11-year-old record for November imports
15:54 Yamal LNG will build one more natural gas liquefaction facility
15:27 Nor-Shipping and Nordic Innovation team up for “Sea Meets Land” funding initiative
15:17 PETRONAS releases Annual Activity Outlook report for 2019-2021
14:56 NOVATEK elects a new member to the Management Board
14:37 Average wholesale prices for М-100 HFO down to RUB 15,328 in RF spot market
14:13 Damen’s triple delivery for Murjan Al Sharq Marine Contracting
13:41 Pacific Fleet and Indian Navy warships practice inspection operation as part of Indra Navy 2018 Russian-Indian naval exercise
13:19 Queen Máxima christens Van Oord's TSHD Vox Amalia
12:58 9 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 16-17
12:36 Samsung Heavy Industries secures yet another contract for an LNGC
12:23 Saab secures shipping safety contract for Shangai container port
12:00 Composit supports the 6th Forum of Dredging Companies as its Sponsor
11:42 Milaha unveils large plans to upgrade its shipyard in Mesaieed
11:01 IBIA welcomes decision by IMO’s MSC to add new item to its agenda to address concerns about fuel safety
10:43 SENER to design passenger vessel for Tanzanian ferry operator
10:17 Brent Crude futures price down 0.02% to $60.27, Light Sweet Crude – up 0.21% to $51.58
09:58 Port of Singapore throughput in 11M’18 grew by 0.4% Y-o-Y to 575.44 million tonnes
09:40 Floating regasification plant “Marshal Vasilevsky” arrives in Kaliningrad
09:15 Baltic Dry Index is up to 1,401 points

2018 December 16

16:09 Navios Acquisition completes acquisition of Navios Midstream
15:23 Thun Tankers names environmentally adapted tanker Thun Evolve
13:21 Traxens trials IoT network in port environment for first time, at MSC Terminal Valencia
12:32 Executives must watch both sea and air amid trade war tensions, warns Xeneta
10:55 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
10:11 PGNiG receives third spot delivery of US-sourced LNG at Świnoujście

2018 December 15

16:23 MOL Passenger Line receives award for outstanding performance in 'Cruise of the Year 2018'
14:53 CMA CGM to implement GRR for India East Coast-West Africa trade
13:51 CMA CGM announces LSS on services from / to China, Hong Kong and Taiwan
12:44 NYK Cruises receives Grand Prix Award for 2018 World Cruise
11:27 TT-Line places order for RoPax "green" ferry with China's Jiangsu Jinling Shipyard

2018 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year
17:27 Final cruise ship for the year calls to the Port of Gothenburg
17:23 The MV Magda joins the Klaveness Bulkhandling pool
17:16 India’s containerised export up 10% in the third quarter of 2018
17:13 FSL Trust announces newbuilding agreement for the construction of two LR2 product tankers
17:13 Havyard project with Havila Kystruten on hydrogen-powered coastal route operations to receive over NOK 100 million in funding from Pilot-E
16:24 World Fuel Services expands bunker operations in US leading up to 2020
15:57 IMO held training workshops in Cameroon Single Window for Foreign Trade Transactions
14:49 Onezhsky Shipyard lays down self-propelled hopper barge of Project HB600
14:08 Irish Continental Group plc takes delivery of cruise ferry W.B.Yeats
13:55 WMU takes part in Ocean Literacy Conference
13:31 First in industry ADNOC co-loads LPG and propylene onto same vessel in Ruwais
13:10 WMU hosted round table discussion regarding key challenges facing IMO
12:53 Bunker market at the Port of Saint-Petersburg, Russia shows mixed price movements (graph)
12:32 Nordic American Offshore secures contract for its PSV NAO Viking
12:11 Rosrybolovstvo supports 2nd Dredging and Hydraulic Engineering Structures Congress
11:50 Association of Commercial Sea Ports celebrates its 30th anniversary
11:24 Gazprom and Itochu sign MoU under Baltic LNG project
11:06 Scorpio Bulkers announces time charter-out agreement
10:48 Domestic ferry safety exercise conducted in Indonesia