Shipping organization Bimco has published an updated statement on its greenhouse gas position, making clear that it supports ”the objective of net-zero carbon for shipping by 2050.” Bimco also states that the International Maritime Organization’s (IMO) objectives lack ambition.

In the announcement, Bimco states that barriers to the green transition and how to tackle these may be the ”single most important issue facing the shipping industry on its path to decarbonization. To succeed, new commercial solutions and shared responsibilities between charterers and shipowners will be required.”

The organization adds that collaboration will be key to achieving this.

The statement also highlights another crucial aspect that needs to be addressed: Carbon pricing and its allocation.

”Bimco makes it clear that the commercial party responsible for setting the speed and route of a ship should also provide for emissions allowances or credits under a market-based measure (MBM),” reads the statement.

Secretary General and CEO at Bimco David Loosley further states: “We believe that in the case of a time charterparty, this responsibility should lie with the charterer, and under a voyage charterparty, it should be with the party that commits the ship to the voyage charter.”

The updated statement provides stances on various areas of emissions and how to tackle decarbonization, varying from how the regulation of greenhouse gas emissions needs to be agreed at the IMO, and how it needs to be transparent, harmonized and applicable to ships irrespective of the flag. Bimco also suggests to reduce emissions by operational measures such as speed optimization.

Read Bimco’s full position here.

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