Port of StocktonSailors SocietyTelestackBühler GmbHViganPort of Vancouver USA
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of Stockton
  • Cleveland Cascades Ltd
  • Vigan
  • TBA Group
  • Port of South Louisiana

ICS launches annual review

(Posted on 10/06/19)

In advance of its AGM in the Faroe Islands, the global trade association for shipowners, the International Chamber of Shipping (ICS), has launched its Annual Review 2019, providing in-depth insight into the most pressing issues confronting shipping, which moves about 90% of global trade.

ICS Chairman, Esben Poulsson, explains: “The immediate focus of ICS is the successful implementation of the UN IMO global sulphur cap, which will take complete effect on 1 January. ICS has produced comprehensive advice to help shipowners prepare and achieved notable success in persuading IMO to adopt appropriate guidelines for its Member States.

"These initiatives should go at least some way towards reducing the risk that shipowners, through no fault of their own, could be unfairly penalised by Port State Control authorities in the event that safe and compliant low sulphur fuels are initially unavailable in every port worldwide.

"There are still many questions that will not be fully settled before 2020, not least what the cost of compliant fuels will be, but hopefully this enormous regulatory change will proceed as smoothly as possible.”

Mr Poulsson adds: “ICS is acutely aware of the urgent need for international shipping to eliminate greenhouse gas (GHG) emissions as soon as practicable, through a combination of short and longer term measures. The sector has already made impressive CO2 reductions since 2008, something for which the shipping industry is given insufficient credit. But now the industry must redouble its efforts to deliver further dramatic improvements in fuel efficiency, as demanded by governments and society at large.

"ICS has been leading the way in coming forward with constructive proposals for GHG reduction at IMO and will continue to do so throughout 2019. The transition to zero CO2 emitting fuels – which we have dubbed the ‘Fourth Propulsion Revolution’ – is the challenge of our age, and one that I know the industry will embrace.

"This will require truly massive investment in research and development, which ICS believes must be at the heart of the IMO GHG Strategy if the ambitious reduction targets that IMO Member States have set are to be met.”

The Annual Review 2019 also sets out how ICS is calling for a comprehensive review of the IMO STCW Convention governing seafarers’ training standards, and how this initiative is already gaining traction with governments. It also examines progress on a range of other important legal and policy issues at many different international fora, including high level negotiations on a new UN Law of the Sea agreement for the protection of marine biodiversity which could have significant consequences for the future regulation of shipping.

Among the many other issues covered are the threats of a global trade war, the unacceptable spike in the number of violent pirate attacks off West Africa, and the continuing tragedy in the Mediterranean, where thousands of migrants continue to drown, despite merchant ships having rescued over 80,000 people since the crisis began.

Because of hardening attitudes toward immigration in Europe, Mr Poulsson remarks that “there are increasing questions as to whether ships involved in large scale rescue operations can be confident that prompt and predictable disembarkation of rescued people will continue.”

The ICS Annual Review 2019 is being distributed via ICS’s member national shipowners’ associations. It is available free of charge and can also be downloaded via the ICS website.

Latest News

Strong results for resilient Algoma

(Posted on 26/02/21)

Algoma Central Corporation, is reporting very strong financial results for 2020, a year in which a global... Read more


North posts solid renewal results

(Posted on 24/02/21)

North P&I Club has reported continuing growth in its diversified business lines and solid progress... Read more


Britannia P&I launches B Korea

(Posted on 24/02/21)

Britannia P&I will officially launch B Korea P&I Correspondent Co., Ltd. (‘B Korea&rsquo... Read more


Fleet to be part of climate change solution

(Posted on 22/02/21)

To embed action on environmental sustainability and biodiversity, Fleet Management (FLEET) has teamed... Read more


Windsor Salt and CSL partner on self-unloading ship

(Posted on 17/02/21)

K+S Windsor Salt Ltd. (“Windsor Salt”) and Canada Steamship Lines (“CSL”), a... Read more


MAJ warns of potential seafarer shortages

(Posted on 17/02/21)

The global crew change crisis could lead to a shortage of seafarers if exhausted crew choose to leave... Read more


IOMSR first to broadcast mass to crew at sea

(Posted on 17/02/21)

The Isle of Man Ship Registry has become the first flag state to broadcast a mass direct to crew aboard... Read more


NORDEN celebrates 150th anniversary

(Posted on 11/02/21)

Today, NORDEN celebrates its 150th anniversary, being one of the world’s oldest international... Read more


ABB software helps ships improve efficiency

(Posted on 10/02/21)

Digital technologies, including AI, data integration and analytics solutions, are expected to transform... Read more


MENAS and Inchcape reach strategic Mideast agreement

(Posted on 10/02/21)

The Middle East Navigation Aids Service (MENAS) has taken a huge step forward in its effort to ensure... Read more


CimbriaThe Wolfson Centre for Bulk Solids Handling Technology TBA GroupTOC EventsPort of South LouisianaCleveland Cascades Ltd
  • Sailors Society
  • Bühler GmbH
  • Cimbria

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping