ICS says maritime decarbonization at risk amid divided opinions

Uncertainty over sustainable marine fuel availability and infrastructure has put at risk the shipping industry’s pursuit of decarbonization, with opinions divided over the future bunker landscape, the trade association International Chamber of Shipping said. When releasing its annual survey of industry executives over top industry concerns, the ICS—which represents more than 80% of the world’s

ICS sends fund and reward green proposal to IMO

The International Chamber of Shipping (ICS) has sent a submission to the International Maritime Organization (IMO) fleshing out its fund and reward proposal to get the industry on a green track, after previous decarbonisation plans from the lobby group had failed to garner interest in recent years. The revamped proposal calls for shipowners to make

New green fuel fund and reward system proposed by ICS

The next gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO) is weeks away and submissions to green the industry are flying into the United Nations body. After seeing its $5bn research and development fund idea fail to attract regulatory interest, lobby group the International Chamber of Shipping (ICS) has

ICS denounces IMO’s rejection of its decarbonization fund proposal

The International Chamber of Shipping (ICS) has denounced the International Maritime Organization’s (IMOs) rejection of a research and development fund for decarbonisation projects across the shipping industry. ICS deputy secretary general Simon Bennett said the fund would have provided $50 million per year to supporting maritime GHG reduction projects in developing countries, which is reportedly

ICS, IRENA collaboration to advance global green fuel transition

ICS has signed a Partnership Agreement with the International Renewable Energy Agency (IRENA) to support the decarbonisation of the shipping sector and its role in the transition towards a global energy sector based on renewables. The partnership will provide a framework over the next two years for ICS and IRENA to assist with the decarbonisation