Tag: decarbonization

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Disruptive technologies drive sustainability in the shipping industry

The shipping industry’s operating context will alter significantly over the next 15 years. Cargos and markets are changing, and there are new challenges in global ocean governance. Fuel costs will become less predictable, although technological advances offer the potential for radical improvements in efficiency. The industry is coming under increased pressure to address sustainability concerns throughout their supply chains.

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IMO GHG Strategy – What does it mean?

Member states at IMO MEPC 72 adopted the so-called GHG initial strategy, envisaging, for the first time, a reduction in total GHG emissions from global shipping by at least 50% by 2050 compared to 2008. Ms. Katharine Palmer, Environmental Manager at LR shared her views with respect to this historic agreement, explaining what the sector should expect for the day after.

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