Leaders urge action on fuel standards

Shipping industry leaders have met to discuss issues facing the sector such as emissions Photo: wikipedia Shipping industry leaders have met to discuss issues facing the sector such as emissions Photo: wikipedia
Industry Database

The Round Table leaders of shipping industry trade associations, BIMCO, ICS, INTERCARGO and INTERTANKO, have met in London to consider transformational issues affecting the sector.

Top of the agenda were preparations for the implementation of the 2020 Global Sulphur Limit with the leaders calling on all parties, including charterers, bunker suppliers and nation states to double their efforts to ensure a smooth transition to meet the coming regulations. The Round Table leaders also reiterated the urgent need for fuel standards to be put in place ahead of 1 January 2020. 

Dimitris J. Fafalios, chair of INTERCARGO, who chaired the meeting, said that the industry had been working hard but major concerns remained over the safety and availability of compliant fuels. "We need all parties to fully play their part. It would not be acceptable to have even one ship drifting powerless at the mercy of the ocean. Shipping is a highly integrated and efficient industry and we rely on many stakeholders in the value chain, particularly fuel suppliers and oil refiners to ensure we are all able to benefit from the long-term health benefits that this will bring,” he said.

The meeting also re-emphasised the industry’s support of the International Maritime Organisation’s strategy to reduce emissions from international shipping by 2050. It was acknowledged that there are no one size fits all solutions and that there will be different solutions in different sectors, but participants were confident solutions would be found.

Mr Fafalios added, “There is much work still to do but we are clear that the shipping industry recognises the importance of meeting these objectives.”

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