• 2018 March 26 15:02

    Governments need to compromise or risk having no IMO CO2 strategy at all - International Chamber of Shipping

    Ahead of critical meetings at the UN International Maritime Organization (IMO) which commence on 3 April, the International Chamber of Shipping (ICS) says that governments must compromise to help IMO agree an ambitious strategy for the further reduction of CO2 emissions by shipping that will match the expectations of the Paris Agreement on climate change.

    “Governments on all sides of the debate are going to need to show far more willingness to compromise on their current positions or put at risk an agreement on a meaningful strategy.  This would greatly undermine the authority of IMO and the future sustainability of the shipping industry” said ICS Chairman, Esben Poulsson.  

    “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” Mr Poulsson added.  “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.”

    Mr Poulsson remarked “While ICS does not fully agree with them in every respect, 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.  If EU nations want a global agreement they should acknowledge this by similarly modifying their own positions.”   

    In a briefing note to its member national shipowners’ associations, ICS suggests that if IMO was to set 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 over ‘business as usual’.  When account is taken of the anticipated growth in maritime trade, ICS says this would still only be possible with the widespread use of zero CO2 fuels.

    “A mid-century objective similar to that proposed by Japan – which might also enjoy support from nations like China if EU nations were willing to compromise – would still provide a compelling signal to the industry.  This should also be sufficient to stimulate the development of zero CO2 fuels leading to a 100 percent CO2 reduction in line with the ambitious vision which IMO must agree” said Mr Poulsson.   

    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 (i.e. 100% reduction) sometime between 2050 and 2100, or as soon as the worldwide availability of zero CO2 fuels makes this possible.

    In advance of zero CO2 fuels becoming available globally, the industry has also proposed that IMO should adopt the following objectives:

    Objective 1 – to maintain international shipping’s annual total CO2 emissions below 2008 levels;
    Objective 2 – to reduce CO2 emissions per tonne-km, as an average across international shipping, by at least 50% by 2050, compared to 2008; and
    Objective 3 – reduce international shipping's total annual CO2 emissions by an agreed percentage by 2050, compared to 2008, as a point on a continuing trajectory of CO2 emissions reduction.




2020 August 6

19:00 FSL Trust agrees to sell three containerships
18:27 Sumitomo Heavy Industries has been granted an “Approval in Principle” for a medium-size high-pressure LNG dual-fueled tanker
18:21 Port of Rostov-on-Don seven-month volume rises 4% to 12.7 million tonnes
18:07 ICTSI 1H2020 net income down 12% to US$113.4mln
17:26 Royal IHC awarded major contract for supply of FPSO equipment for Yinson
17:25 Vodohod’s newbuild Mustai Karim arrives at Saint Petersburg
16:36 Nevsky Shipyard launches the Pavel Leonov, last ship of PV22 series duo
16:15 North Sea Port, Flemish Waterways plc, Port of Antwerp, Port of Oostende, Port of Zeebrugge, the Agency for Maritime and Coastal Services, and the Joint Nautical Management to introduce SWINg in 2021
15:43 Zelenodolsk Shipyard to host tomorrow launching and keel-laying ceremonies
15:41 Maritime Autonomous Surface Ships Port Network was established in Singapore
14:27 MABUX Bunker Weekly Review
13:54 Tolyattii bound heavylift project cargo successfully handled at Port Bronka
13:27 Alaska Marine Lines rail barges upgrade ballast systems
12:46 Davie confirms polar leadership with icebreaker launch
12:35 Transit container transport by RZD network soars 30% in Jan-Jul
11:40 CMA CGM to launch its ever-faster service connecting Spain with Algeria
11:35 Carnival Cruise Line joins industrywide pause in U.S. through October 31
10:18 Shell signs charter contracts for six newbuild LNG carriers
10:15 Fourth IMO Greenhouse Gas Study: Shipping emissions are projected to increase by up to 50% until 2050, relative to 2018
09:58 The Flemish government, Port of Antwerp and SeReAnt together improve the water quality at the Port of Antwerp
09:26 Baltic Dry Index as of Aug 5
09:21 Crude futures prices resume climb
09:10 MABUX: Bunker market this morning, Aug 06
08:11 NYK starts operation of its first finished-car logistics terminal in Japan

2020 August 5

18:57 Valenciaport triples air quality control cabins
18:16 U.S. Coast Guard suspends search for missing spearfisher off Maui
18:04 Port of Helsinki turnover decreased by 26.7% to EUR 33.4 million in January–June 2020
17:35 A delegation of the Port of Gdansk visits Klaipeda
17:06 Voluntary ship slowdown through Swiftsure Bank begins August 1
16:49 Mississippi River will get deeper
16:39 MOL introduces FOCUS Project Part Ⅲ: Virtual Ship Visit Application 'Fleet Tour'
16:29 Admiralty Shipyards starts building fourth CT-192 series trawler the Kapitan Martynov
15:27 Solstad secures contract from BP for three vessels in Australia
14:38 ABS to class first Taiwan-built offshore installation vessel
13:22 Hurtigruten temporarily suspends all expedition cruises
13:18 Krasnoye Sormovo to launch the MS Pola Marina cargo ship on August 7
13:12 The Vostochnaya Stevedoring Company completes the upgrade of more than 18,000m2 of storage yard
13:08 Concept of a modular composite fishing boat gets the thumbs up from MARINET
12:39 Scorpio Bulkers to build Wind Turbine Installation Vessel (WTIV) at DEME
12:01 Fincantieri and Saipem sign deep-seabed mining agreement
11:58 MARINET expects draft amendments on autonomous shipping to Russia’s MSC to be submitted by the end of the month
11:13 Future 12th expeditionary fast transport (EPF 12) for US Navy successfully completes acceptance trials
11:06 SEA-KIT bags two USV orders from Fugro
10:51 Indian Register of Shipping launches vessel for Unichart Navigation
10:23 Baltic Dry Index as of Aug 4
10:18 Crude futures prices remain nearly flat
09:51 MABUX: Bunker market this morning, Aug 05
09:07 EMSA, ECDC release guidance on resuming safe cruise operations in EU

2020 August 4

18:36 UK publishes Guidance on financial sanctions for Maritime Industry
18:21 Avance Gas sells 2003-built VLGC Avance
17:45 Klaveness Combination Carriers takes delivery of the fourth CLEANBU vessel
17:03 Tallink Grupp publishes July 2020 passenger and cargo statistics
16:58 ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture
16:33 Dredging of Utrenny LNG terminal’s basin kicked off
16:02 MHI-MME receives generator turbine and VOC firing auxiliary boiler orders for shuttle tankers
15:51 Flag, coastal and port authorities from eight countries come together to encourage development of maritime autonomous surface ships
15:43 Port of Ust-Luga MRC’ priority is taking care of employees
14:50 NOVATEK’s transshipment terminal in Port of Ust-Luga undergoes overhaul
14:02 Stena Line starts new service Liepaja - Karlskrona - Travemünde
13:26 MRA sets its sights on distance training