In less than four months, Europe’s ambitious Emission Trading Scheme (ETS) carbon taxes on shipping will become a stark reality. The International Maritime Organisation’s (IMO) ‘Carbon Intensity Indicator,’ designed to monitor a ship’s energy efficiency, is already causing ripples across the maritime industry. These two significant developments are set to redefine the way we perceive sustainability in shipping.
As a shipper or Beneficial Cargo Owner (BCO), the question looms large: Are you prepared for the impending challenges? In this comprehensive report, we dive deep into the evolving landscape of sustainability in maritime logistics and provide shippers, BCOs, and freight leaders with valuable insights and resources.
The Impact of ETS on Shipping
Europe’s ETS for shipping marks a watershed moment. It signifies a shift from mere discussions to concrete actions in the fight against climate change. With carbon taxes on the horizon, ship operators are now under immense pressure to reduce their carbon footprint. This not only impacts the financial bottom line but also the very dynamics of how goods are transported across the globe.
IMO’s Carbon Intensity Indicator
The IMO’s ‘Carbon Intensity Indicator’ policy has become a central focus for ship operators. It measures a vessel’s carbon emissions per unit of transport work, essentially quantifying its energy efficiency. This policy is already affecting the industry in two significant ways.
Firstly, it’s altering the speed at which containerships sail. Slow steaming is gaining prominence as operators seek to reduce emissions. This change impacts delivery times and logistics planning, raising critical questions about supply chain resilience.
Secondly, the type of vessels being ordered is changing. Eco-friendly designs are in high demand. Shipbuilders and operators are increasingly investing in vessels equipped with the latest green technologies to align with emissions reduction goals.
Navigating the Sustainability Landscape
In addition to understanding the impact of these developments, shippers and BCOs need to chart a course for sustainability in their global transportation strategies. To assist in this endeavor, we’ve prepared a Sustainability Update. This update provides a concise overview of what you need to know about the evolving landscape of sustainability in maritime logistics.
Comparing GHG Emissions Measurement Providers
Selecting the right tools and partners for measuring greenhouse gas (GHG) emissions is crucial for any shipper or BCO serious about sustainability. In our Comparison Guide, we evaluate leading GHG emissions measurement providers, helping you make informed decisions.
A Conversation on Sustainability
In this month’s Freight Loop, Chantal McRoberts, Director at Drewry Supply Chain Advisors, engages in a thought-provoking discussion with Stacey Kobayashi, our ocean freight strategy and sustainability expert. They delve into how shippers and BCOs can seamlessly integrate sustainability programs within their broader global transportation strategies.
The challenges posed by Europe’s ETS and IMO’s Carbon Intensity Indicator are undeniable. But with the right knowledge and resources at your disposal, you can not only navigate these turbulent waters but also steer your shipping operations toward a greener, more sustainable future.
