ICS Meets in London

Marinelink.com
Tuesday, September 17, 2013
ICS Chairman Masamichi Morooka taking part in the shipping round table meeting at Downing Street with UK Prime Minister David Cameron. The meeting took place the day before the ICS Board Meeting in London during London International Shipping Week.

The Board of Directors of the International Chamber of Shipping (ICS) representing national shipowners’ associations from the Americas, Asia and Europe met in London last week.
 

Issues discussed included: the development by the International Maritime Organization (IMO) of a global mechanism for the Monitoring, Reporting and Verification (MRV) of CO2 emissions; the entry into force of the International Labor Organization (ILO) Maritime Labor Convention (MLC); and ICS’s response with respect to important changes to global accounting rules being proposed by the International Accounting Standards Board (IASB).


CO2 Monitoring, Reporting and Verification (MRV)
The ICS Board reiterated ICS support for the development of a global system of MRV at IMO, provided that the mechanism is simple to administer, primarily based on fuel consumption and bunker delivery notes, and that the system itself will not be used for the development of a full blown Market Based Measure or a mandatory system of energy indexing for existing ships.

The ICS Board agreed that it will respond constructively to the proposal that has been submitted to IMO by the United States and which needs to be debated by all IMO Member States at the next meeting of the Marine Environment Protection Committee in April.

However, ICS Chairman, Masamichi Morooka, remarked that “ICS is very concerned by the recent proposal by the European Commission, to be put before the European Parliament, for a Regulation mandating a regional system of MRV. While the Commission has stated that it would prefer to see the development of a global system by IMO, we are unclear whether the Commission is sincere in its intentions or how the development of a regional mechanism, which also seems overly complex, can be reconciled with what we hope can be developed and adopted internationally.”

Mr Morooka explained “We agreed the immediate priority for ICS is to prepare a global industry position that can be taken by shipowners to IMO. In order to support the maintenance of a global regulatory framework and the development of a mechanism that is acceptable to international shipping we want to help IMO make progress on MRV.”

He added “Our members firmly believe that it is possible for IMO to develop a robust system of MRV whilst meeting the concerns of those developing nations that do not wish to compromise their positions at the high level climate change talks” in the context of the United Nations Framework Convention on Climate Change (UNFCCC).

In co-operation with ICS’s Regional Partner, the European Community Shipowners’ Associations (ECSA), ICS is also preparing detailed comments on the European Commission’s proposals, so that EU Member States will be clear where shipowners stand.


ILO Maritime Labor Convention
The ICS Board expressed satisfaction with the entry into force of the ILO MLC, noting that ICS had co-ordinated the employers’ group at the ILO diplomatic conference which adopted the new Convention in 2006.

While the IMO Secretary-General, Mr Koji Sekimizu, was again opening the ICS International Shipping Conference with a keynote speech, it was noted that the presence of the ILO Director General, Mr Guy Ryder, was also a great honour, signifying the importance of the ILO MLC and the model that it provides for other industrial sectors for the promotion of decent employment standards at the international level.

It was agreed that through its member national associations ICS would remain in close contact with Port State Control authorities around the world in order to avoid misunderstandings that might arise during the initial stages of enforcement.

ICS urged governments to take a pragmatic approach towards the enforcement of what were complicated new certification requirements until August 2014, in line with a Resolution adopted by the ILO Conference in 2006.


The ICS Board commended the advice that ICS has prepared for ship operators to help encourage compliance, and emphasised the vital need for ship operators to prepare a Declaration of Maritime Labour Compliance (DMLC) as required by the ILO Convention – see www.ics-shipping.org/ilo-mlc


International Accounting Standards

The ICS Board endorsed the position adopted by the ICS Maritime Law Committee with respect to the latest draft of the new international accounting standards proposed by the International Accounting Standards Board (IASB).

It was agreed that ICS would continue to oppose the notion that operational arrangements such as time charters should be treated as financial leases for accounting purposes and that ICS would press for further clarity from the IASB with respect to the new definitions being proposed.

The ICS Board agreed that it was most important that national shipowner associations presented the IASB with consistent messages on this issue in dialogue with their national accounting authorities and with auditing firms.

ICS will be submitting its final comments to the IASB within the next few days.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

Korean Ferry Captain's Detention Could Extend As Death Toll Mounts

South Korean prosecutors investigating a ferry disaster said on Sunday they would seek to extend the detention of the ship's captain and two other crew by 10

First Bodies Recoved From Sunken Ferry

South Korean divers retrieved three bodies from inside a sunken ferry overnight, officials said on Sunday, the first time they have been able to gain entry to the passenger section of the ship.

Vessels

Bodies found trapped in S Korean ferry

Divers searching for survivors of a capsized South Korean ferry saw three bodies floating through a window of a passenger cabin on Saturday but were unable to retrieve them,

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1953 sec (5 req/sec)