ICS Tells IMF Time Not Ripe for Industry Fuel Charges

Press Release
Wednesday, July 25, 2012

International Chamber of Shipping chairma responds in a letter to International Monetary Fund's fuel-tax proposal

International Chamber of Shipping chairman, Masamichi Mooroka, has written to Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), following her reported comments that fuel charges on shipping and aviation could raise one quarter of the total money to be directed by developed nations to the UNFCCC Green Climate Fund. In the letter ICS challenges several simplistic assumptions apparently made by Ms Lagarde.

The ICS chairman notes that Ms Lagarde has been quoted as saying that "charges on international aviation and maritime emissions would raise about a quarter of the $100 billion needed for climate adaptation and mitigation in developing countries-resources that developed countries have committed to mobilize by 2020".



He continues: “Market Based Measures are very controversial and most shipowners believe, given the severely depressed state of global shipping markets, that now is certainly not the time to impose an additional major cost on international shipping.” 



Nevertheless, Mr Mooroka explains, the position of ICS and its member national shipowners’ associations is that if all governments so decide then shipowners, in principle, will have no objection to contributing, at some point in the future, to the Green Climate Fund, or a similar mechanism that might be established by International Maritime Organization (IMO), provided that such money is indeed used for climate change adaptation or mitigation, and that the same charges apply to all ships internationally regardless of flag. 



However Mr Morooka stresses that shipping’s share of total global emissions (less than 3%) and the forum where the details of such a mechanism should be developed is the IMO.

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

Rising from the Ashes

The federal government is now taking steps to reverse its 2010 decision to terminate the nation’s LORAN program. The LORAN program was initiated during World War II,

Training: Cutting Costs While Remaining Cutting Edge

Businesses are operating in tough economic times, with budgets being significantly cut during the current industry downturn. Unfortunately, when lowering costs is a key priority,

Environmental

Second Sea Lion Rescued from California Oil Spill Dies at SeaWorld

A second sea lion rescued from along California's oil-fouled coastline near Santa Barbara has died at SeaWorld San Diego, where veterinarians are still caring for

DuPont to Introduce Scrubber at Nor-Shipping

Belco Technologies Corporation (BELCO), a DuPont company, will introduce the DuPont Marine Scrubber (formerly the BELCO Marine Scrubber) at shipping and maritime exhibition Nor-Shipping in Oslo.

CAT’s New Dual Fuel Engine M 4G DF

At the beginning of 2015 the exhaust limit values for sulfur oxides (SOx) grew ever tighter in emission controlled areas. And with the start of 2016, nitrogen oxides

Fuels & Lubes

CAT’s New Dual Fuel Engine M 4G DF

At the beginning of 2015 the exhaust limit values for sulfur oxides (SOx) grew ever tighter in emission controlled areas. And with the start of 2016, nitrogen oxides

Natural Gas Articulated Conduit System Patented

Elliott Bay Design Group (EBDG) announced that long-time partner Moran Towing Corporation has been granted US Patent 8,967,174 for "Articulated conduit systems

SKF to Showcase Marine Portfolio at Nor-Shipping

SKF and SKF Blohm + Voss Industries will showcase its combined range of solutions for the marine industry at the Nor-Shipping trade fair June 2-5, 2015 in Lillestrøm, near Oslo, Norway.

People in the News

UNOLS Seeks Fleet Improvement Committee Chair

The University-National Oceanographic Laboratory System (UNOLS) informs it is seeking nominations to fill a Fleet Improvement Committee (FIC) Chair position.   The position,

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

CLIA Names Muskat Trade Relations Committee Chairman

Cruise Lines International Association (CLIA) announced that Ken Muskat, executive vice president of sales, public relations, and guest services for MSC Cruises USA,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1296 sec (8 req/sec)