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Shipping companies propose crash program to reduce CO2 [View all]
https://www.hellenicshippingnews.com/shipping-companies-propose-crash-program-to-reduce-co2/A group of eight trade organizations that collectively represent 90% of the world’s merchant fleet have proposed a collaborative shipping research and development program to help eliminate CO2 emissions from international shipping.
Their plan includes funding the program with $5 billion over a 10-year period.
The shipowner groups said they are seeking to accelerate the development of commercially viable zero-carbon emission ships by the early 2030s.
The groups making the proposal include organizations that represent a broad base of shipping companies – BIMCO and the International Chamber of Shipping – as well as groups that represent particular sectors of the shipping industry: the World Shipping Council, which represents the container liner industry; Cruise Lines International Association; Interferry; Intercargo, which represents dry bulk carriers; Intertanko, which represents tanker operators; and the International Parcel Tankers Association.
Their plan includes funding the program with $5 billion over a 10-year period.
The shipowner groups said they are seeking to accelerate the development of commercially viable zero-carbon emission ships by the early 2030s.
The groups making the proposal include organizations that represent a broad base of shipping companies – BIMCO and the International Chamber of Shipping – as well as groups that represent particular sectors of the shipping industry: the World Shipping Council, which represents the container liner industry; Cruise Lines International Association; Interferry; Intercargo, which represents dry bulk carriers; Intertanko, which represents tanker operators; and the International Parcel Tankers Association.
That's some great news.
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