Tag: sustainability

British oil major Shell revealed plans to set short-term targets as part of a long-term ambition to reduce the Net Carbon Footprint of its energy products. The plans were announced in a joint statement developed with institutional investors on behalf of Climate Action 100+, an initiative led by investors with more than $32 trillion in assets under management.

Mr. Salvatore d’Amico, Fleet Director of d’Amico Group, notes that there is still a large gap in the required standards on board dry cargo ships compared to oil tankers. Therefore, operators need to go beyond compliance with industry’s standards regardless the type of vessel and at the same the shipping industry itself needs to raise the bar.

On the occasion of the Sustainable Blue Economy Conference underway in Kenya, India's Union Minister for Shipping Shri Nitin Gadkari highlighted the importance of Blue Economy for India’s economic development. The conference is being organized by Kenya, with Canada and Japan as co-hosts. 

French automobile company Renault announced the signing of a 3-year partnership with Nantes start-up Neoline, aiming to develop a wind-powered maritime transport service, and to contribute to the environmental management of its logistics chain, as nearly 60% of the Group's parts and vehicles are transported by sea.

The IMO announced the launch of a collaboration with the Global Environment Facility and the United Nations Development Programme, aiming to address the negative environmental impacts of the transfer of aquatic species through ships. The GloFouling Partnerships project is expected to drive actions to implement the IMO Guidelines for the control and management of ships’ biofouling.

The Port of Rotterdam Authority, the government and four provinces have agreed for more secure parking spaces and charging points for clean energy along two of the most important freight transport corridors heading for Germany. A network of filling points for sustainable fuels and other energy carriers will be created.

A sperm whale was found dead in Indonesia having 115 plastic cups and 25 plastic bags in its stomach. This unfortunate incident raised concerns amongst environmentalists, focusing on the country's major garbage problem. Indonesia is the world's second biggest contributor to marine debris, following China.

MOL announced that it will support three initiatives to address the issue of global warming. These are the Task Force on Climate-Related Financial Disclosures; Japan Climate Initiative; and Cool Choice. These aim to contribute to global environmental conservation by developing environmental and emission-free businesses.

Liberia has become the first vessel to be admitted to the Maritime Anti-Corruption Network as an associate member. Liberia has earned international respect for its dedication to flagging the world’s safest and most secure vessels. 

The Republic of Seychelles has launched the world’s first sovereign blue bond, according The World Bank. The bond, which raised US$15 million from international investors, is a pioneering financial instrument designed to support sustainable marine and fisheries projects, demonstrating the potential for countries to harness capital markets for financing the sustainable use of marine resources.