As we quickly approach the turning point of a new decade, there is much speculation on what would be decided in terms of regulations imposed on the shipping activity.
IMO’s working group has been analysing some future strategic possibilities to be introduced in order to combat the shipping industry estimated 2.5% share of global CO2 greenhouse gas emissions (GHG). This is a prioritised area since without any decisive measure an alarming increase in the sector share of emissions by 50-250% might be achieved within 2050. Although CO2 is a huge concern, the emission of other pollutants such as nitrogen and sulphur oxides as well as particle matter has been kept under a closer look.
IMO Secretary-General Kitack Lim has highlighted the need to consider seafarer training and standards as shipping evolves, with increasing levels of technology and automation. Speaking at IMO Headquarters (15 January) at the launch of a new report “Transport 2040: Automation, Technology and Employment – the Future of Work”, Secretary-General Lim set out key questions that will require focus from all stakeholders: “How will the seafarer of the future manage the challenges related to an increasing level of technology and automation in maritime transport? How will the new technologies impact on the nature of jobs in the industry? What standards will seafarers be required to meet with respect to education, training and certification to qualify them for the jobs of the future?”
NYK, the first company in the global shipping industry to issue labelled green bonds, presented its initiatives at a seminar about new capital markets sponsored by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. in Tokyo on December 14. A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.
How can tiny air bubbles and giant rotating cylinders help ships, weighing thousands of tonnes, burn less fuel?
A film by Nick Holland for BBC World Hacks