If the global shipping industry were a country, it would be the world’s sixth-highest CO2 emitter, ahead of Germany. As an international industry, shipping was not covered by the 2015 Paris climate change agreement that focused on individual nations’ responsibility for critical emissions. But as unprecedented heatwaves, forest fires and flooding raise global awareness of climate change, the shipping industry is starting to make up for lost time.
How significant is their response? And was Maersk’s recent announcement of investing over US$1.4bn in eight post-Panamax containerships that can run on methanol or bunker fuel just a drop in the proverbial ocean? Let’s take a closer look at how shipping is responding to the climate crisis.
Climate change is shaping to be one of the most prominent threats so far in the 21th century. With the shipping industry being an inextricable part of global logistics, it contributes to about 18 percent of some air pollutants. The International Maritime Organization (IMO), with this in view has adopted regulations to reduce emissions of Greenhouse Gases (GHG). The directive in MARPOL annex 6 to reduce sulfur emissions to 0.5% is currently being enforced since 1st January 2020.
FleetMon collaborates with worldwide logistics and shipping companies as well as with federal ministries, port authorities, and independent research institutes. Our extensive network, combined with over 13 years of experience, reveals our expertise and deep insights in vessel tracking and the shipping industry. Of course, FleetMon is aware of Greenhouse gas emissions debate and various parties’ viewpoints concerning the shipping industry’s effects on climate change and worldwide environmental pollution. Rather than to talk, FleetMon actively contributes to supporting transparency of CO2 emissions caused by commercial shipping.