Independent Tanker Owners support net zero emissions by 2050 for international shipping

Nov 25 2021


The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050.

This doubles the level of ambition set in the International Maritime Organization’s Initial Strategy for GHG Emissions Reductions from International Shipping (IMO GHG Strategy), which currently calls for international shipping to reduce its emissions by 50% by 2050.

 

INTERTANKO, which represents the majority of independent tanker owners and operators worldwide, supports amending the level of ambition set by IMO to net zero CO2 emissions by 2050. The decision is driven by INTERTANKO Members’ commitment to the total de-carbonisation of seaborne transportation. In reaching this decision, INTERTANKO will actively pursue and encourage the participation of all stakeholders in the development of the technologies and fuels needed for international shipping to meet this goal safely.

 

Paolo d’Amico, Chairman of INTERTANKO, said: “This goal is consistent with the United Nations Intergovernmental Panel on Climate Change (IPCC) recent assessment on reaching net zero CO2 emissions. It demonstrates our willingness to contribute our fair share to reducing emissions from the international tanker fleet.

 

“Crucially, in adopting this goal of net zero CO2 emissions by 2050, INTERTANKO’s Council has stressed the importance of safety for ships’ crews and highlighted the need to facilitate crew training in the use and handling of new technologies and fuels developed to meet this goal.”

 

INTERTANKO’s Managing Director, Katharina Stanzel, said: “In making this decision, our Members are fully cognisant that zero-carbon technologies and fuels, suitable for marine application, are currently inadequate to achieve this ambitious goal. Therefore, we stress the need for governments at IMO to approve the International Maritime Research and Development Board (IMRB) proposal, aimed at accelerating the R&D urgently needed to develop such technologies and fuels.”

 

The INTERTANKO Council also agreed to support a fuel levy market-based mechanism (MBM) as the most viable option to achieve aspirational emission reduction goals. “INTERTANKO firmly believes that a global fuel levy MBM that is simple, transparent and economically reasonable is the most effective means to support the deployment of zero-carbon technologies and fuels, once they are developed, to decarbonise international shipping,” said Dragos Rauta, INTERTANKO’s Technical Director.

 

The IMO’s Marine Environment Protection Committee will be meeting this week to consider several major proposals to implement and improve the GHG Strategy adopted in 2018. The decision taken by INTERTANKO this week, demonstrates the Association’s proactive approach in reducing GHG emissions from shipping and will allow it to actively engage in the IMO debate on this important issue.

 



Related News

Oil tanker owner, operator fined $3 million for pollution crimes

(May 12 2022)

Liquimar Tankers Management Services Inc. and Evridiki Navigation Inc. were sentenced to a total of $3 million in criminal fines and a five-year probation period after being convicted in Delaware on charges of violating the Act to Prevent Pollution f...



Furetank implements innovative systems protecting underwater environment

(Apr 29 2022)

Many onboard and underwater systems are traditionally based on chemicals that are inevitably released to the oceans to some extent. With the VINGA vessel series, Furetank has taken several innovative measures in order to leave harmful substances behi...



Exxon Valdez anniversary webinar

(Mar 17 2022)

Webinar Invitation.



Oil tanker investigated after Thai Navy spots waste off the coast of Chon Buri

(Feb 24 2022)

Thai authorities are investigating an oil tanker after waste was found floating near an island off the coast of Chon Buri’s Sattahip district, according to a Royal Thai Navy spokesperson.



Denmark must draw the global transition of shipping

(Jan 20 2022)

Danish Shipping is now launching its new strategy to set the course for the next three years. The aim is to accelerate the global green transition of shipping.



June July 2022

SIRE 2.0 - OCIMF and Columbia Ship Management perspective; seafarer mental health; EU ETS costs; 33 years after Exxon Valdez; resolving BWTS problems