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.

Industry partners welcome “moon-shot” proposal from governments to set up a $5 billion USD fund to catalyze the vital research and development needed to help shipping meet UN decarbonisation goals.

The World Shipping Council (WSC) is excited to welcome to the team Mr John Bradshaw, in a global role as Technical Director for Environment and Safety, and Dr James Corbett as Environmental Director, Europe.

To support its growing scope of activities across the globe, the World Shipping Council (WSC) is as of March 1, 2021, adding two positions to its operations in Singapore, as well as welcoming a new colleague in the US.

Ocean carriers are taking all available measures to improve the speed and efficiency of cargo movement including employing all available vessel tonnage.