Our latest news and releases
Brussels, 21 September – The European Shipping Summit 2023 in Brussels 19-20 September brought together representatives from across the maritime industry, government, finance, as well as energy and technology industries to address some of the most pressing topics for the future of the industry and of Europe. Making the most of this unique platform, the World Shipping Council gathered people and organisations to drive progress on the availability of renewable maritime fuels and the fight against drug trafficking. While the topics are diverse, leaders at both sessions agreed – together we go further, faster.
London, 7 July 2023 – At MEPC 80, IMO member nations met the shipping industry’s call for action on climate, setting a target of net-zero GHG emissions by 2050 and interim targets for 2030 and 2040. Most importantly, the updated GHG strategy now sets a clear timeline for the development of the lifecycle-based global fuel standard and economic instrument, to be agreed by 2025 and ready for implementation in 2027.
Washington, Singapore/Brussels, 16 December 2022 – In its first in-person session in three years, the IMO Marine Environment Protection Committee 79 (MEPC 79) addressed a broad array of issues, taking important steps forward on the path to impactful regulation to drive the decarbonisation of shipping.
Brussels, 9 December 2022 – In an open letter to decision-makers in Brussels, the World Shipping Council (WSC) together with Danish Shipping and the Methanol Institute urge decision-makers to reach an agreement on the FuelEU Maritime which will help reduce shipping GHG emissions.
The liner sector, including container and vehicle carriers, are leading decarbonisation investment in new fleets that are ready for alternative fuels that reduce GHGs. Future-ready fleets will be demanding more and more green fuels with lower GHG intensity to ensure that we meet decarbonisation targets.
Late 29 November 2022, the European Parliament, Council and Commission reached a preliminary agreement on maritime elements of the EU ETS. Including the maritime sector in the EU ETS will encourage shipping’s journey towards decarbonisation as well as accelerate emission reductions among non-maritime sectors. The provisional agreement on shipping is subject to an overall agreement on the ETS revision, later this year or next.
The total climate footprint from production to combustion should be considered in the EU ETS for maritime. The World Shipping Council joins with Danish Shipping and renewable energy producers, shipowners and other organisations in an open letter to EU’s decision makers.
The Upcoming Debate on GHG Regulations and Economic Measures at the IMO: WSC identifies Opportunities for Improvement and Agreement
Having concluded on short-term climate measures at IMO MEPC 78, member nations and organisations have turned their full attention to developing the mid-term measures necessary to progress the decarbonisation of shipping. In a recent paper to IMO ISWG-GHG 13 and MEPC 79, the World Shipping Council (WSC) examines the current proposals, highlighting three key suggestions to support swift progress and ensure that regulations are effective in driving the transition to alternative fuels and propulsion technologies in line with global climate goals.
WSC and member liner carriers are highly concerned about Parliament’s delay in finalizing its position on FuelEU Maritime. Liner carriers are committed to decarbonizing the industry as soon as possible and are already investing in alternative fuel technology. Fuel EU Maritime is crucial for EU policymakers to reach their climate goals, and for the progress of shipping decarbonization.
The WSC acknowledges the important milestone that has been reached following the adoption of the European Parliament’s position on the EU ETS proposal. WSC calls on the EU institutions to work together in the trilogue process to ensure that EU ETS provides the correct market signals for decarbonising the shipping industry in support of the EU Green Deal GHG goals.
As the IMO MEPC78 draws to a close, we have seen good progress on several important topics, including on the next phase of the IMO greenhouse gas (GHG) strategy. WSC urges member states to maintain the momentum and step up the crucial work on developing the pathways to decarbonising shipping.
The European Parliament’s ENVI Committee today adopted its report on the proposal on the revision of the EU ETS. The World Shipping Council (WSC) welcomes this crucial step towards the achievement of the goals of the EU Green Deal but stresses that improvements to the ETS proposal are still needed.
The World Shipping Council (WSC) together with prominent maritime nations and organisations representing all shipping sectors continue to work for the early adoption of an industry financed and IMO led research and development fund as a critical pathway to accelerate the development of technologies for zero carbon shipping.
Transitioning global shipping from a carbon dependent industry into one that operates without greenhouse gas (GHG) emissions is a massive task. Container and roro carriers are already investing in the development of zero GHG technologies and are committed to enabling the industry’s transition to zero, but clear global regulations are needed. The World Shipping Council (WSC) has identified six regulatory and economic pathways, all of which are critical for the nations of the UN International Maritime Organisation to address for a successful maritime energy transition.
The European Parliament’s lead MEP on the EU ETS proposes amendments to the ETS for maritime that put the impact and efficiency of the EU Green Deal at risk, says World Shipping Council (WSC). WSC has two primary concerns: 1. The proposed changed definition of “responsible entity” would corrupt the ETS; 2. The bilateral agreements proposed would undermine progress towards global GHG policy.
“Our appeal to political leaders and regulators is to not get stuck in a cycle of ambition bidding, but to take action for inclusive change in the shipping industry. Whilst we are disappointed there was no decision, the MEPC 77 saw a notable increase in the number of nations supporting the establishment of an industry-financed research fund, pushing USD 5 billion into R&D towards zero-GHG technologies that will be available to all nations. The initiative is ready to launch, has support from the Green Climate Fund, and we will keep supporting member nations working for a positive resolution at MEPC 78,” says John Butler, WSC President & CEO.
Inclusion of shipping in the EU ETS will encourage shipping’s journey towards decarbonisation, but EU action threatens to undermine broader international progress if the ETS extends outside of the EU, says World Shipping Council (WSC).
“The EU can lead global climate action, but it can’t succeed alone. Advancing fuel-technology pathways in global shipping requires the shared commitment and cooperation of industry, governments and international regulators. Through the ETS, the EU has a unique opportunity to strengthen, motivate and complement global policy for reducing greenhouse gas emission in international shipping,” says John Butler, President & CEO.
As part of the EU Green Deal, the FuelEU Maritime Regulation intended to promote demand for lower greenhouse gas fuels can play an important role in shipping’s journey towards decarbonisation. In a position paper published today, the World Shipping Council (WSC), representing 90% of international liner shipping, welcomes the FuelEU proposal as an opportunity to drive progress towards EU targets and contribute to the decarbonisation of international shipping. However, the proposal’s actual impact will hinge on optimizing the geographical scope of FuelEU and making sure fuel availability keeps pace with fuel use requirements.
The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.
We are committed to decarbonisation and ready to do our part. The international maritime transportation system drives the world economy. World trade and the world’s economies cannot afford a chaotic decarbonisation of shipping. Nor can time be lost in effectively tackling the challenge. We therefore invite all governments to show engagement and climate leadership on the international stage, through support for the IMRB at the UN IMO.
Ahead of President Biden’s climate summit, shipping industry bodies representing the majority of maritime trade have called on world leaders to quickly commence deliberations on how mandatory market-based measures (MBMs) could be implemented for international shipping.