World News
Industry-Led Event Hopes to Influence Blue GHG Agenda
Industry groups have coalesced around a summit planned for November to influence shipping's response to the carbon emissions debate.
The Ambition 1.5C: Global Shipping's Action Plan takes place in the German city of Bonn on November 13 and its organisers include Lloyd's Register, engineering firm MAN Diesel & Turbo and Rightship; it is being advised by industry environmental groups Sustainable Shipping Initiative and the Carbon War Room.
"Although shipping was omitted from the Paris Agreement, developed during COP21 at UN Convention on ClimateChange (UNFCCC) in 2015, momentum and regulatory action around shipping's GHG contributions has been provoked within the Marine Environmental Protection Committee meetings of shipping's regulatory body the International Maritime Organization," a statement from the event said.
"However, many in the industry do not believe that sufficient action is being taken at a fast-enough pace to meet the urgency of the challenge," the statement added.
A briefing document will emerge at the end of the conference which will will be delivered to "UNFCCC delegates, National delegation focal points, the UNFCCC secretariat and all relevant national policy makers to influence discussions around shipping transportation at the core COP23 [the 23rd meeting of the Conference of the Parties to UNFCCC] proceedings".
The document will provide a "summary of the main challenges and opportunities of shipping industry decarbonisation, the high ambition approaches agreed at the summit and a copy of the draft Action Plan created".
The event is organised by Cardiff-based Blue Green Events.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.50 | 0.00 | 665.50 | 1.00 |
| Rotterdam | 512.00 | 3.00 | 663.00 | 0.50 |
| Houston | 545.50 | 3.00 | 666.00 | 9.50 |
| Fujairah | 560.50 | 0.00 | 743.50 | 1.50 |
| Global 20 Ports Average | 584.00 | 1.00 | 751.50 | 2.00 |
| Global 4 Ports Average | 547.50 | 0.00 | 684.50 | 2.50 |
| Global Average Bunker Price | 633.50 | 0.50 | 805.50 | 0.00 |
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