Page 3 - Initial Strategy News Today

1. A brief overview of the current situation The maritime industry is embarking on a major transition from conventional to zero or carbon neutral fuels driven by the pressure to decarbonise. The transition will not take place over night and will have a significant impact on costs, asset values, and earning capacity. The industry participants ...

One of the best characterizations of the International Maritime Organization (IMO)’s Marine Environmental Protection Committee (MEPC) came in Greece (1,500 miles from IMO headquarters), on a panel at the Tradewinds...

IMO Secretary General Kitack Lim hailed the 78th session of MEPC as an opportunity to be brave and lead by example on decarbonisation.

AXA XL examines the risks shipping companies face in their shift to biofuels to decarbonise their operations

The Board of Directors of BIMCO has approved the organisation’s updated greenhouse gas (GHG) position statement, elaborating on who it believes should pay for carbon pricing and warning that excessive retroactive measures could have negative unintended consequences. Tackling the barriers to transition may be the single most important issue facing the shipping industry on its ...

The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international…

Policy-making at every level plays a critical role in this transition.

IMO failed to revise the current greenhouse gas (GHG) target for 2050 to speed up the decarbonization of the shipping sector.

IMO has reported on its latest progress and achievements in addressing GHG emissions from international shipping at the United Nations Climate Change Conference (COP 26), in Glasgow, United Kingdom (31-12 November). In a statement to the Subsidiary Body for Scientific and Technological Advice (SBSTA 52-55), the IMO Secretariat highlighted recent developments, including the adoption in ...

IMO has reported on its latest progress and achievements in addressing GHG emissions from international shipping at the United Nations Climate Change