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ICS calls for sustainable environmental legislation

ICS calls for sustainable environmental legislation
The International Chamber of Shipping (ICS) is calling for all future proposals for environmental regulation that impact on ships to be subjected to a full and proper cost benefit analysis before adoption by the IMO.

The shipowners’ body is using the occasion of World Maritime Day this Thursday - when IMO is hosting a one day 'Symposium on a Sustainable Maritime Transport System’ - to explain its own views on sustainable shipping.

ICS argues that when it comes to environmental sustainability, shipping is the only major industry to already have a binding global deal in place – agreed by IMO – to reduce its CO2 emissions, but that the economic sustainability of shipping is vital too.

“Unless the industry is commercially viable it will not be able to deliver the investments in environmental and social improvements that are sought by regulators on behalf of society at large,” says ICS secretary general Peter Hinchliffe.

It is therefore calling upon IMO to conduct a full economic impact analysis on all proposed environmental regulation “in a similar manner to proposals relating to the improvement of maritime safety.”

ICS has compiled its own brochure on Sustainable Shipping that will be presented to IMO member states on Thursday and can be downloaded free of charge from the ICS website.