By Mike Wackett (The Loadstar) - Shipping association Bimco has submitted a new proposal on regulating ships’ power to the International Maritime Organization (IMO) working group. The move is a bid to stimulate debate on reducing greenhouse gas emissions (GHG) from shipping . The proposal to improve the operational energy efficiency of vessels will be introduced at the … [Read more...]
France’s Macron Says Slow-Steaming Needed to Tackle Climate Change
By Alexander Whiteman (The Loadstar) - President Emmanuel Macron chose this week’s G7 summit to reaffirm France’s commitment to slow-steaming as the best tool to tackle climate change. Mr Macron’s statement in Biarritz seemed to catch some observers off-guard, despite the French delegation to the IMO this year calling for slow-steaming to become IMO policy. “We will … [Read more...]
ABS In Favor of Reducing Speed to Achieve Low Carbon Targets
By Alexander Whiteman (The Loadstar) - Shipping must pay the price today for tomorrow’s sustainability as a push to cleaner supply chains is seeing shippers reconsider their best routes to market. A report from classification society American Bureau of Shipping (ABS) claims that with no truly carbon neutral fuels available the best short-term option is slow steaming and … [Read more...]
IMO Urged to Consider Mandatory Speed Limits for Ships
An open letter signed by more than 100 shipping companies and environmental organizations is urging the International Maritime Organization to impose mandatory speed limits for ships as a way to reduce harmful emissions from shipping. The letter states that effectively addressing climate change is quite possibly the greatest challenge of lifetime. In response to this crisis, … [Read more...]
Warning to Shippers: Expect More Slow Steaming, Transshipment After IMO 2020
By Mike Wackett (The Loadstar) - Analysts predict that the impact of IMO 2020 will mean slower ships and more transhipment. This would be a further blow to shippers who also face additional costs to compensate carriers for using cleaner fuel from 1 January. Shippers may dislike surcharges, but they universally hate transhipment, as it introduces another level of risk to … [Read more...]