BIMCO Search Results

Results for:Greenhouse gas

Showing 11 - 20 of 29

Filter by area
Filter by location
Filter by content

What is it about speed that upsets the shipping industry?

10 July 2019

You won’t find many – if any – who disagree that the higher the speed of a ship, the higher the level of greenhouse gas emissions. So why would I argue that, while imposing speed limits may have a popular ring to it, it is not the answer as the industry seeks to cut emissions? After all, our mission is to do exactly that: cut emissions.

Tanker market report dated 31 May 2019

03 June 2019

Many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. In April last year, the IMO’s Marine Environmental Protection Committee (MEPC) set out their initial strategy, which envisages the reduction of greenhouse gas (GHG) emissions by at least 50% by 2050 compared to 2008 levels. The ambition also is to reduce CO2 emissions (which account for about 82% of all GHG emissions) by at least 40% by 2030, pursuing efforts towards 70% by 2050 from the 2008 baseline.  The weekly tanker market report by Gibson Shipbrokers.