“Don’t regulate shipping in isolation,” warned INTERCARGO at the members’ meeting in Dubai

“Shipping is so global that only a truly global regulator like the International Maritime Organization can create the level playing field needed for this diverse industry and all the nations it serves,” says INTERCARGO.

But even the IMO, a United Nations agency, must be careful not to create regulations that isolate shipping, warns the association, which represents the global bulk shipping sector.

“Regulation of shipping alone will lead to distortions and threats to world trade,” said INTERCARGO Chairman Dimitris Fafalios. “Ship owners and operators, fuel producers, charterers, cargo owners, shippers and receivers, ports and terminal managers – they all share responsibilities in the day-to-day maritime endeavor of dry bulk shipping. Bulk shipping, which is already one of the most environmentally friendly modes of bulk transport, is aiming for strong decarbonization. However, I stress that we cannot do this alone,” he said.

Decarbonization was the focus of discussions during INTERCARGO’s semi-annual meeting in Dubai. Members discussed a number of important industry issues related to the dry bulk sector, including greenhouse gas reduction, fuel lifecycle analysis, implementation of new international and regional regulations, and sharing experiences and information.

INTERCARGO fully supports the IMO’s goal of achieving net zero emissions shipping by 2050. However, it emphasizes that the responsibility for decarbonization cannot be placed solely on the shoulders of the ship operator – it is a challenge that must be tackled holistically by the entire supply chain.

The IMO is currently in the process of revising its greenhouse gas (GHG) strategy. INTERCARGO is an active participant of the IMO and plans to present a paper at the MEPC 81 (Marine Environment Protect Committee) meeting in 2024 on the impact of idle times (e.g. port waiting times), short voyages and the impact of voyages with cargo in the Comparison to ballasted voyages to be provided Ratio to ships’ Carbon Intensity Indicator (CII) ratings.

Secretary General Kostas Gkonis commented: “It was heartening to see so many of our members reaching record levels joining us in Dubai both physically and remotely. The high level of expertise and enthusiasm of our members allows us to make informed contributions to IMO and numerous other industry forums.”

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