14 March 2024
Short and to the point, the BIMCO 180 training seminars are 2 x 90 minutes of focused knowledge delivered online by leading maritime experts. The EU ETS is a cap-and-trade system that requires certain industries, including the maritime sector, to reduce their emissions of greenhouse gases. The scheme requires all vessels trading to EU ports to monitor and report emissions and, subsequently, its shipping companies to surrender allowances for the GHG emitted by their fleet (in CO 2 eq). These allowances are traded in a market, and the price of the allowances is determined by supply and demand. By trading in allowances, the EU ETS aims to provide a financial incentive for ships to reduce their emissions, as this reduces the cost of having to buy more allowances. This, in turn, encourages owners and operators to use more efficient methods of vessel operation, such as using a lower speed and more efficient propulsion systems or using alternative fuels. The European Union emissions trading scheme is a market-based payment system that EU countries use to buy and sell emissions data and products. The scheme also raises funds for EU public services, such as emissions research, energy metering, and air quality management. Overall, the EU ETS aims to reduce the environmental impact of ships trading to EU ports while at the same time giving operators a financial incentive to reduce their emissions.
16 November 2023
Short and to the point, the BIMCO 180 training seminars are 2 x 90 minutes of focused knowledge delivered online by leading maritime experts. The EU ETS is a cap-and-trade system that requires certain industries, including the maritime sector, to reduce their emissions of greenhouse gases. The scheme requires all vessels trading to EU ports to monitor and report emissions and, subsequently, its shipping companies to surrender allowances for the GHG emitted by their fleet (in CO 2 eq). These allowances are traded in a market, and the price of the allowances is determined by supply and demand. By trading in allowances, the EU ETS aims to provide a financial incentive for ships to reduce their emissions, as this reduces the cost of having to buy more allowances. This, in turn, encourages owners and operators to use more efficient methods of vessel operation, such as using a lower speed and more efficient propulsion systems or using alternative fuels. The European Union emissions trading scheme is a market-based payment system that EU countries use to buy and sell emissions data and products. The scheme also raises funds for EU public services, such as emissions research, energy metering, and air quality management. Overall, the EU ETS aims to reduce the environmental impact of ships trading to EU ports while at the same time giving operators a financial incentive to reduce their emissions.
17 June 2021
With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.
17 June 2021
With discussions at the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking at what the shipping industry can to do reduce its plastic footprint to ensure momentum is not lost in the absence of formal discussions at the IMO.
09 March 2020
The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to discuss current issues and coordinate efforts going into the new decade, widely billed to become one of the most important in shipping’s history.
25 September 2023
The BIMCO roundtable on safe and environmentally sound ship recycling held during London International Shipping Week highlighted the need for debunking myths around the Hong Kong Convention (HKC) and urged all stakeholders to work together to realise the convention’s potential.
16 November 2020
Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.
18 October 2023
At its 80th session, the IMO’s Marine Environmental Protection Committee adopted revised guidelines for the control and management of ships' biofouling to minimise the transfer of invasive aquatic species. The update to the 2011 Guidelines was undertaken to improve uptake and enforcement and to reduce the threat posed by invasive aquatic species to the well-being of the ocean.
20 September 2023
We reproduce this recent interview with Niko Schües by kind permission of the publisher.
30 June 2022
Small practical steps and a holistic attitude are vital to shipping’s journey towards a fairer and greener future, says Prominence Maritime’s Ioanna Procopiou.
