INTERCARGO calls for simplicity in shipping decarbonisation measures

(Posted on 25/09/24)

INTERCARGO, the International Association of Dry Cargo Shipowners, has reaffirmed its commitment to sustainable shipping by advocating for straightforward mid-term measures in the industry's decarbonisation efforts. The association, representing one of the most efficient cargo transportation sectors globally, emphasized the critical need for practicable solutions to ensure effective implementation of emissions reduction strategies.

Key Points:

Support for Integrated Framework: INTERCARGO endorses in principle the updated joint proposal by Bahamas, Liberia, and the International Chamber of Shipping (ICS) for an "IMO net-zero framework."

Simplified Pricing Mechanism: Backing a flat-rate contribution per tonne of GHG emitted, with incentives for zero and near-zero GHG fuel usage.

Predictability for Stakeholders: Advocating for fixed annual GHG fees over minimum five-year periods.

Well-to-Wake Approach: Supporting a comprehensive emissions accounting system while addressing concerns about upstream emissions beyond shipping's control.

Cautious Approach to Decarbonization Fund: Highlighting the need for thorough review of legal issues and alignment with UN climate fund principles.

Fair Cost Distribution: Endorsing the principle that charterers or commercial operators, as fuel cost bearers, should also cover GHG fees and compliance costs.

Reduced Administrative Burden: Calling for streamlined processes, especially for dry bulk tramp shipping facing global compliance challenges in accessing safely green energy sources in ports around the world.

"The path to shipping's decarbonization must be paved with practical, implementable solutions," said INTERCARGO’s Secretary General Kostas Gkonis. "Our support for these measures reflects our sector’s commitment to environmental responsibility whilst maintaining operational efficiency and smooth global transportation of essential goods."

INTERCARGO stresses the importance of global governmental action and cross-stakeholder collaboration throughout the maritime transport chain to achieve these ambitious goals.

Latest News

Industry statement on recent Red Sea attacks on shipping

ICS, BIMCO, European Shipowners | ECSA, INTERCARGO and INTERTANKO have released a joint industry statement... Read more

NovaAlgoma Cement Carriers establishes new JV with DP World

NovaAlgoma Cement Carriers Limited, a joint venture between Algoma Central Corporation and Nova Marine... Read more

Julia Ju appointed The Swedish Club’s new Chief Executive in Hong Kong

The Swedish Club has announced the appointment of Julia Ju as the new Chief Executive and Area Manager... Read more

INTERCARGO condemns attack on bulk carrier Magic Seas

The International Association of Dry Cargo Shipowners (INTERCARGO) has condemned the recent armed attack... Read more

NORDEN sells two additional vessels

NORDEN has announced that they have sold two additional vessels, one Supramax bulk carrier and one MR... Read more

Columbia Group backs Turkey as global shipping leader

Columbia Group CEO, Mark O’Neil, has paid tribute to Turkey’s ‘resilient and innovative... Read more

Pacific Basin signs MOU to enhance access to green fuels

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has signed... Read more

Major milestone for nuclear-powered ships as IMO agrees outdated regulations revision

The IMO has formally agreed to start the revision of outdated regulations for nuclear-powered ships.... Read more

Unique Snapshot highlights true state of bullying and harassment

In advance of the IMO Day of the Seafarer’s focus on ‘My Harassment-Free Ship’, Sailors... Read more

Seafarers must not be made scapegoats, says InterManager

The threat of prosecution from a criminal investigation should never be held against an individual seafarer... Read more