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

NORDEN acquires Southern African cargo activities of Taylor Maritime

NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated... Read more

IMO delay could spark fragmentation risks, warns EmissionLink

Philippos Ioulianou, Managing Director of EmissionLink, has warned the IMO’s decision to delay... Read more

VIKAND highlights bullying and harassment as major mental health concern

VIKAND has highlighted the need for cultural change in the maritime sector as reports of bullying, harassment... Read more

DNV and WMMF guide to support shipowners' path to net-zero

The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving... Read more

NorthStandard takes prudent position on P&I premiums

NorthStandard has advised Members of a 5% increase in P&I premiums for the marine insurance year... Read more

Anemoi completes Rotor Sail installation on NS United bulk carrier

Anemoi Marine Technologies, the UK-based leading designer of Rotor Sails for wind-assisted ship propulsion... Read more

LR and Marshall Islands certify Helm CONNECT electronic record books

Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been... Read more

Sailors’ Society launches increased support for Chinese seafarers

International maritime welfare charity Sailors’ Society has announced a significant expansion... Read more

NORDEN signs two-year contract with US wood pellet producer

NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant... Read more

Algoma reports strong core results and continued fleet growth

Algoma Central Corporation has reported its results for the three and nine months ended 30 September... Read more