Panama Canal administrator Jorge Quijano announced on Monday that the Panama Canal Authority (ACP) had joined the IMO-supported Global Industry Alliance to Support Low Carbon Shipping (GIA).

“We’ve agreed to do it, but we don’t have the recipe on the mechanics, the measures or the technologies,” declared Sveinung Oftedal, chairman of the IMO’s Subcommittee on Pollution Prevention and Response, as he addressed delegates attending the 10th Chemical & Product Tanker Conference in London earlier this week. 

International Maritime Organization (IMO) secretary-general Kitack Lim has called on all sectors of the maritime industry to be involved in achieving the ambitious Greenhouse Gas (GHG) cuts set for the industry last year.

Whilst many people believe that the IMO’s ambition to reduce shipping’s 2050 carbon emissions by at least 50% compared with 2008 levels appears to be an almost impossible target, shipping economist Martin Stopford does not agree.

Bio-fuels produced by GoodFuels, which are claimed to be largely carbon neutral, have been trialled on Norden product tanker.

Car manufacturer Groupe Renault is partnering with Neoline for two pilot primarily wind-powered car carriers designed to deliver a 90% reduction in carbon emissions for a transatlantic route.

Mitsui OSK Line (MOL) has named its first LNG-powered tugboat built at Kanagawa Dockyard in Japan.

While the IMO's target of a 50% cut in greenhouse gas (GHG) emissions from shipping by 2050 is seen as “ambitious” Norway is seeking zero emission shipping.

As shipping industry leaders it's the duty of the Greeks "to present a realistic way of solving many of our global issues" says Greek Shipping Co-operation Committee chairman, Haralambos J Fafalios.

Shipowners will neeed to do more than simply tweak existing vessel designs and business models if they are to meet the International Maritime Organization's (IMO) ambitious target to reduce greenhouse gas (GHG) by 50%.

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