Ship Industry Proposes $5B R&D Fund to Cut Emission
Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions."The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D program to help eliminate CO2 emissions from international shipping," said a press note from International Chamber of Shipping (ICS).The proposal include a new non-governmental Research & Development organisation to pave the way for decarbonization of shipping.
ICS Opens China Liaison Office in Hong Kong
The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association.Liu Xiaoming, the Deputy Minister of Transport from the People’s Republic of China, Huang Liuquan, the Deputy Director of Hong Kong, Macau Affairs Office of State Council of the People’s Republic of China, and Frank Chan…
UAE Joins ICS
UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…
ICS Thrusts on CO2 Reduction
International Chamber of Shipping (ICS) plans to take concrete steps to support further CO2 reduction by international shipping.The representatives of the world’s national shipowners’ associations met last week in the Faroe Islands to review the priorities of the global shipowners’ association.ICS agreed a suite of actions in support of the UN International Maritime Organization (IMO) strategy to decarbonise international shipping in line with the United Nations 1.5 degree climate change goal.Speaking from the Faroe Islands…
ICS Launches Annual Review
In advance of its AGM in the Faroe Islands next week, the global trade association for shipowners, the International Chamber of Shipping (ICS), has launched its Annual Review 2019, providing in-depth insight into the most pressing issues confronting shipping, which moves about 90% of global trade.ICS Chairman, Esben Poulsson, explains: “The immediate focus of ICS is the successful implementation of the UN IMO global sulphur cap, which will take complete effect on January 1. ICS…
Key Shipping Bodies Strengthen Ties
The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) signed a joint memorandum of understanding in Singapore.The new MOU codifies the extensive level of co-operation that already exists between these important international trade associations and provides a framework for their closer co-operation, said a press release. The three associations collectively represent over 90 percent of the world merchant fleet.
ICS Hopes for Zero CO2 Fuels
International Chamber of Shipping (ICS) believes that the 2020 global sulphur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping.However, there are even more profound changes to come. "We are rapidly moving into a multi-fuel future to be followed we hope, in the 2030s, by the arrival of commercially viable zero CO2 fuels suitable for global application,” says Esben Poulsson, Chairman of ICS.As the 1 January 2020 deadline for the sulphur cap approaches…
ICS Chairman Warns on Global Trade War
International Chamber of Shipping (ISC) Chairman Esben Poulsson has warned of the threats facing the global economy as US trade sanctions against China and other countries risk damaging long-term development.Speaking on behalf of the global trade association for ship owners in Tokyo on 13 November, Poulsson said that the shipping industry had little power to change the geopolitical and trade policies pursued by governments.Esben Poulsson, highlighted serious concerns about the…
ICS Calls for Maritime Training Reform
Esben Poulsson, Chairman of the International Chamber of Shipping (ICS), has called for International Maritime Organization's (IMO) STCW Seafarer Training Regime to be revised.IMO STCW Convention governs global standards for the training and certification of around two million merchant seafarers.Addressing a Crew Connect Conference in Manila, Philippines Poulson said “It’s now commonplace for employers to routinely provide additional training and assessments prior to the deployment…
ICS-UN Negotiation on Future Ocean Governance
International Chamber of Shipping (ICS) is representing shipowners at the start of a major negotiation to agree a new legal instrument for the protection of the ocean under the UN Convention on the Law of the Sea (UNCLOS) – which will apply to ‘high seas’ areas ‘beyond national jurisdiction’.Addressing government negotiators in New York today (5 September), ICS Chairman, Esben Poulsson, highlighted the need to ensure that this UN initiative will not “unwittingly” impact on the effective future governance of global shipping…
SMM Launches with High-Profile Guest Speakers
At today’s opening press conference of the international maritime trade fair in Hamburg, political and business leaders discussed current challenges facing the shipping industry. The focus of the debate was on the 0.5 percent sulphur limit for ship fuels which will take effect on January 1, 2020, and the industry's goal to cut greenhouse gas emissions from global shipping in half by the year 2050. Roughly 2,300 exhibitors and the extensive conference program accompanying the trade fair will deliver answers to the industry's complex questions. Roughly 50,000 visitors are expected to attend.
OP/ED: The 2020 Sulfur Cap – Growing Pains or Mass Hysteria?
At the stroke of midnight on January 1, 2018, the global shipping industry will be expected to comply with the IMO agreed upon 0.5% sulfur cap for bunker fuels with few waivers available.For vessels which have installed scrubbers, higher sulfur fuels may continue to be used. IMO’s recent agreement on the ban of carriage of non-compliant fuel assures that cheating will not be allowed providing that port states integrate this ban into their respective port state control inspection programs.All that said…
ICS Chairman on Implementation of Global Sulphur Cap
“Time is fast running out” for implementation by IMO Member States of the 0.5% global sulphur in fuel cap by 1 January 2020, says Esben Poulsson, Chairman of the International Chamber of Shipping (ICS). The IMO global sulphur cap for marine fuel is expected to see shipping’s bunker prices increase significantly. “While ICS fully supports the objectives of the IMO cap, the overnight introduction of this regulatory game-changer will have enormous implications for ship operations.
IMO Calls for Govts Support for 50 % Co2 cut by 2050
The ICS Chairman was commenting on the ambitious IMO strategy to cut the total greenhouse gas emissions of shipping by at least 50% by 2050, compared to 2008 – with an agreed efficiency goal, as an average for the sector, for a 40% improvement by 2030 compared to 2008, and a 70% improvement by 2050 – so that the entire sector will be in a position to decarbonise completely, consistent with achieving the 1.5 degree climate change goal identified by the UN. “It’s important that governments recognise the enormity of what has been agreed by IMO.
IMO Under Pressure to Tackle CO2 Emissions
The United Nations' shipping agency is under pressure this week to agree on a plan to cut carbon emissions from the sector, following years of slow progress, but the strategy could fall well short of what is required to limit global warming. The shipping sector, along with aviation, avoided specific emissions cut targets in a global climate pact agreed at the end of 2015, which aims to limit a global average rise in temperature to "well below" 2 degrees Celsius from 2020. Shipping accounts for 2.2 percent of world CO2 emissions…
ICS: Compromise Needed on CO2 strategy
Ahead of critical meetings at the UN International Maritime Organization (IMO) which commence on 3 April, the International Chamber of Shipping (ICS) says that governments must compromise to help IMO agree an ambitious strategy for the further reduction of CO2 emissions by shipping that will match the expectations of the Paris Agreement on climate change. “Governments on all sides of the debate are going to need to show far more willingness to compromise on their current positions or put at risk an agreement on a meaningful strategy.
Guy Platten New Secretary-General of ICS
The Board of the International Chamber of Shipping (ICS) announced the appointment of Guy Platten to the role of Secretary General, after almost five years in the UK Chamber of Shipping. "Following an extensive and rigorous selection procedure, the Board of ICS is delighted to announce the appointment of Guy Platten to the role of Secretary General," said a press release. Esben Poulsson, ICS Chairman said: “This proved a difficult decision for us, as we interviewed several strong candidates. However, the decision to appoint Guy was taken unanimously by the Board.
ICS & CMI Update Campaign on Maritime Treaty Ratification
The International Chamber of Shipping (ICS) – whose member national shipowner associations represent over 80% of the world merchant fleet, and the Comité Maritime International (CMI) – the international association for maritime lawyers, have released an updated brochure to promote the importance of governments ratifying international maritime conventions, especially those adopted by the UN IMO. The aim of the brochure ‘Promoting Maritime Treaty Ratification’ is to encourage more…
ICS Chairman: Shipping Industry Focused on Serious CO2 Emission Reduction
“The world has great expectations for IMO delivering an ambitious greenhouse gas reduction strategy for the international shipping sector. This is the key message from Esben Poulsson, Chairman of the International Chamber of Shipping, speaking on the eve of IMO World Maritime Day, whose theme this year is ‘Connecting Ships, Ports and People’. Mr Poulsson stressed that ICS and its member national shipowners’ associations are committed to helping IMO agree upon some truly ambitious CO2 reduction objectives which IMO can present at the 2018 Conference of Parties to the UNFCCC Paris Agreement.
ICS Launches New Brand
The International Chamber of Shipping (ICS) has used London International Shipping Week to launch a new brand identity, aiming to better serve its role as the global trade association for shipowners, representing national shipowners’ associations from 37 countries and over 80 percent of the world merchant fleet. Speaking from the British Library in London at the brand launch, ICS Chairman, Esben Poulsson explained, “Over the next 30 years, new technologies and environmental challenges…
ICS on CO2 Reduction Objectives
Members of the International Chamber of Shipping (ICS), including the UK Chamber, met last week in Istanbul, where they agreed to set new objectives in reducing carbon dioxide (CO2) emissions from shipping. To reduce international shipping’s total annual CO2 emissions by an agreed percentage by 2050, compared to 2008, as a point on a continuing trajectory of CO2 emissions reduction. The objectives aim to match the ambition of the Paris Agreement on climate change, while keeping CO2 reduction in the hands of the shipping industry itself with the IMO as its regulator.
Global Maritime Community Gathers in Singapore
Amid structural and cyclical changes brought about by over-capacity, mega-alliances, increasing digitisation, as well as economic and geopolitical uncertainties, Singapore remains a premier global hub port and leading international maritime centre that held steady growth in 2016. In the face of headwinds, Singapore Maritime Week (SMW) 2017 – organised by the Maritime and Port Authority of Singapore (MPA) – will rally the global maritime industry for a week of discussions and networking to address critical issues impacting the regional and international maritime scene today.
ICS Seeks Stricter CO2 Reduction Objectives
At its AGM in Istanbul, the International Chamber of Shipping (ICS) agreed to urge the International Maritime Organization (IMO) to adopt some dramatic CO2 reduction objectives – on behalf of the international shipping sector as a whole – in order to match the ambition of the Paris Agreement on climate change. ICS wants IMO to remain in control of additional measures to address CO2 reduction by ships and to develop a global solution, rather than risk the danger of market-distorting measures at national or regional level.