China Classification Society (CCS) is joining forces with several Chinese marine industry companies to launch the ‘Sustainable Shipping Innovation and Development Initiative’ (SSIDI).
CCS launched SSIDI in Beijing with representatives of China Petrochemical Corporation, COSCO Shipping, China Merchants Energy Shipping and ICBC Financial Leasing who were among those to sign the initiative.
SSIDI’s work will focus on the economy, safety, technology maturity, policies and regulations, fuel availability, market mechanism and other aspects of alternative fuels for shipping.
CCS vice president Fan Quang said:
However, it is important to recognise that amid this drive to alternative fuels there are still many uncertain factors that must be addressed. These include fuel supply, ship financing, technology development, and standard formulation. These are far beyond the scope of traditional shipping and require joint exploration by all parties across the entire industry chain
The SSIDI will work together to promote clean energy safety and look at how a sustainable shipping innovation and development industry chain can be developed. The initiative will also strengthen members’ strategic cooperation on climate change.
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