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22 May 2022 The on-line newspaper devoted to the world of transports 19:55 GMT+2



April 20, 2022

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The Bimco clarifies what the strategy of decarbonization of shipping

The shipowners' association insists on the issue the allocation of responsibilities and the importance global adoption of a market-based measure

"Addressing obstacles to the transition could constitute the single most important issue that the shipping industry must face in its path towards the decarbonisation'. This was highlighted by the association Bimco international shipowner presenting today its own new updated position on the issue of reducing greenhouse gases emitted from ships. In the document, the association confirms that it supports the initial strategy of the International Maritime Organization (IMO) aimed at zero carbon emissions from shipping by 2050, specifying however that in the opinion of Bimco is greater ambition is needed. In particular, according to the association, to succeed the decarbonization strategy of maritime transport should be implemented through new commercial solutions and with shared responsibilities between charterers of ships and shipowners, as well as they will be needed the collaboration and assumption of responsibility of the interested parties, i.e. shipowners, shippers, charterers, energy suppliers, shipyards and engine manufacturers.

For Bimco, of particular relevance is the question the attribution of responsibility for the establishment of the carbon price and the association believes that on the part commercial who is responsible for determining the speed of the ship and its course should also fall within the scope of a measure based on the market: "we believe - clarified the secretary general and CEO of Bimco, David Loosley - that in the case of a time rental this responsibility should fall on the renter, while for a rental per trip should fall on the part which commits the ship to this charter'.

Bimco also stressed the importance of implementing global level of a market-based measure, a measure that should have predictability and stability for as regards the carbon price and therefore be suitable for be included in commercial contracts.

The shipowners' association has also warned from the application of retroactive measures: Loosley pointed out that 'excessive retroactive technical measures when applied to ships currently in operation, could lead to premature withdrawal of ships. This - he specified - could take place in the form of an unjustified removal of necessary capacity within global supply chains and determine further unnecessary emissions from the construction of new ships'.






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