Industry News

Several shipping company CEOs issued a joint statement to accelerate the decarbonization of the shipping industry

2023-12-04

The chief executive officers (CEOs) of the world's major shipping companies issued a joint statement at COP 28 calling for an end to new shipbuilding using only fossil fuels and urging the International Maritime Organization (IMO) to create regulatory conditions to accelerate the shift to green fuels. transition.

CEOs say the only realistic way to achieve the International Maritime Organization’s net-zero greenhouse gas emissions targets for 2030, 2040 and 2050 is through a large-scale and rapid transition from fossil fuels to green fuels.

Vincent Clerc, CEO of Maersk, believes that an important next step in the green transformation of the shipping industry is the introduction of regulatory conditions to minimize greenhouse gas emissions per dollar of investment.

"This includes an effective pricing mechanism to close the gap between fossil and green fuels and ensure it is easier for our customers and consumers around the world to make green choices," he said.

The leaders of MSC, Maersk, Hapag-Lloyd, CMA CGM and Wallenius Wilhelmsen are confident that close cooperation with IMO regulators will result in effective and concrete policy measures to support investment in maritime shipping and its ancillary industries, allowing decarbonization to proceed at an occurs at the desired speed.

Soren Toft, CEO of MSC, commented: “The support of governments around the world will be an important factor in achieving our shared goals, and in these efforts we hope to see an end to the delivery of ships that can only run on fossil fuels. If there is no other stakeholder Without the full support of all stakeholders, especially energy suppliers, achieving these goals will be extremely difficult – no one can do it alone. Today, we appear to be one step closer to this goal, but the specific supply of alternative fuels and Globally agreed pricing on greenhouse gases is critical to achieving our goals."

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