Four major international shipping and maritime trade associations have made a joint proposal to the IMO on ambitious carbon dioxide (CO2) reductions by the global shipping industry.

Pressure is building to impose outside limits on shipping’s CO2 emissions ahead the COP21 Climate Change Conference taking place in Paris next month. 

ICS says it is “confident” of a 50% CO2 reduction from shipping by 2050 despite the growth of maritime trade, ahead of the Paris UN Climate Change Conference in December.

ICS has criticised moves at the EU to mandate Monitoring, Reporting and Verification (MRV) of CO2 emissions regionally, ahead of global IMO measures.

Archer Daniels Midland (ADM) has taken delivery of the first of three bulkers designed by Mitsubishi Heavy Industries (MHI) that reduces CO2 emissions by 27%.