Tanker owners in joint push for GHG reductions

24 September 2024

For immediate release

In a joint statement today (24 September 2024), the maritime industry represented by BIMCO, CLIA, INTERFERRY, International Chamber of Shipping, IPTA, INTERTANKO and the World Shipping Council, states that it is committed to achieving net-zero greenhouse gas (GHG) emissions by 2050. To meet this goal, the industry is calling for the development and implementation of GHG reduction measures that are practical, data-driven, and technology-neutral. 

These measures should prioritise immediate GHG reductions, reduce administrative burdens, and provide clear incentives for decarbonisation investments. Additionally, the industry advocates for fair treatment in terms of compliance costs, avoiding double counting of emissions, and closing the cost gap between low-GHG and traditional fuels. 

Read the full statement here.

INTERTANKO’s Deputy Managing Director, Tim Wilkins, underlined the importance of the Statement to the Association’s Members: “In line with INTERTANKO’s Decarbonisation Strategy and through our Committees, INTERTANKO Members are working to provide meaningful input into the development of the IMO’s technical and economic legislative framework.

“Establishing industry unity on the core principles is essential in ensuring the industry can be effective in supporting the IMO in its quest to achieve net-zero ambitions by 2050, through the implementation of practical and effective guidelines and regulations.”

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