China Navigation is preparing the first sail-assisted newbuild, while it also supports the proposal by the Marshall Islands and the Solomon Islands to establish a GHG levy.
More specifically, Swire Shipping supports the global adoption and implementation of the “Proposal for IMO to Establish a Universal Mandatory Greenhouse Gas Levy” submitted by the Republic of the Marshall Islands and The Solomon Islands to IMO MEPC 76, with an entry price of $100 per tonne/CO2e with regular upward ratchets following review.
The company will also finance initiatives that promote low carbon shipping, such as Project Cerulean. This project seeks to build the first low-carbon, low-cost sail-assisted inter-island cargo vessel to serve communities in the Pacific that lack cargo handling infrastructure. The company plans to sign the building contract for the pilot vessel of this class by the end of June 2021, for delivery 12 months later.
The real and urgent change that is necessary now will be driven by the earliest adoption of a mandatory high-ambition levy on all greenhouse gas (GHG) emissions from international shipping. This is an immediate priority measure and must run alongside a revised, heightened level of ambition in the Revised IMO Strategy on the reduction of GHG emissions from ships
noted Jeremy Sutton, General Manager, Swire Shipping.
