World News
Clean Shipping Coalition Urges Shipping Industry to Implement Carbon Emissions Reduction Target
The Clean Shipping Coalition (CSC) has called on the shipping industry to support the implementation of a carbon emissions reduction target to help reduce global warming.
"As the only remaining major economic sphere yet to tackle its carbon emissions, shipping must act urgently to do their part to keep the global temperature increase below 2 degrees," said CSC.
The need is all the more urgent, it added, given an International Maritime Organisation (IMO) study which predicted that shipping emissions would grow up to 250 percent by 2050, while another study released by the IMO found that projected growth in demand for shipping will wipe out any improvements in ship efficiency.
"Shipping industry groups are on record as supporting efforts to promote sound environmental stewardship, but now they must deliver by pushing for both an emissions cut target and the measures to make it happen," said CSC President John Maggs.
"They must join with other industry organisations and IMO member states to publicly support this approach and seek these measures at IMO."
The CSC said that it has already written to seven industry groups, including BIMCO and the International Chamber of Shipping, regarding a target.
It has also pushed for the groups to work with European Union member states at the IMO’s environment committee (MEPC68) session in May.
It was reported late last year that Transport & Environment (T&E), a member of the CSC, had urged the IMO to make energy efficiency design index (EEDI) data public.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 596.50 | 0.50 | 688.00 | 1.00 |
| Rotterdam | 523.00 | 2.50 | 677.00 | 1.00 |
| Houston | 550.50 | 0.00 | 676.50 | 8.00 |
| Fujairah | 582.00 | 2.50 | 758.50 | 5.50 |
| Global 20 Ports Average | 599.50 | 0.50 | 757.50 | 2.00 |
| Global 4 Ports Average | 563.00 | 1.50 | 700.00 | 4.00 |
| Global Average Bunker Price | 644.50 | 1.50 | 813.50 | 0.50 |
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