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ICS: Shipping industry sets out bold plan to global regulator to deliver net zero by 2050

Plans include compulsory R&D fund to develop zero-CO2 technologies and carbon levy for shipping to expedite the transition to more expensive zero-carbon fuels.

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Andy Li

The International Chamber of Shipping on Tuesday (5 October) said it has submitted plans to the industry’s UN regulator, the International Maritime Organization (IMO), detailing urgent measures which governments must take to help the industry achieve net zero CO2 emissions by 2050.

Just one month before the shipping industry’s flagship COP26 decarbonisation conference ‘Shaping the Future of Shipping’, ICS (which represents 80% of the global shipping industry), is pushing governments to double the ambition of the IMO’s current target, which is to reduce emissions from international shipping by 50% by 2050.

The plans include a compulsory R&D fund to develop zero-carbon technologies, and the development of a carbon levy for shipping to expedite the transition to more expensive zero-carbon fuels.

In its submission, shipping accepts the vital need to accelerate decarbonisation timelines. But it states that a net zero target by 2050 will only be plausible if governments take the necessary actions to achieve this. The industry has therefore taken the unique step of proactively setting out the measures that must be taken by governments to make decarbonisation by 2050 a reality rather than a soundbite.

The adoption by IMO of a net zero target will send the very strong signal sought by the industry, as well as energy providers, shipbuilders and engine manufacturers, so that investments in green fuels and technology can be accelerated and scaled.

Given the typical 25-year life of new oceangoing ships, if the industry is to meet an ambitious net zero target, thousands of zero-emission ships will need to be in the water by 2030. It will therefore be critical for the IMO to adopt those urgent measures required to accelerate an increase in Technology Readiness Levels. A key step is for governments to approve the establishment of the USD 5 billion IMO Maritime Research Fund (IMRF) at a critical IMO meeting this November, just two weeks after COP 26.

This call supports the IMRF (USD 5billion R&D Fund) proposal which will provide guaranteed levels of funding to accelerate the development of zero emission ships, without requiring governments to use taxpayers’ money. This is because the IMRF will be funded by mandatory R&D contributions from shipowners globally, via a US2 levy, which the shipping industry wants in place by 2023.

To expedite the transition to net zero, ICS has also made a comprehensive proposal setting out the architecture for a broader carbon levy applicable to shipping, which will be considered by IMO Member States at a meeting in mid-October. This global carbon levy will help close the price gap between zero-carbon and conventional fuels and could be used to provide the billions of dollars needed to deploy essential new bunkering infrastructure required in ports worldwide, to ensure consistency in the industry’s green transition for both developed and developing economies in the run up to 2050.

Esben Poulsson, Chairman of ICS, said: “Talk is cheap, and action is difficult. So, our net zero offering sets out the ‘how’ as well as the ‘what’ for decarbonising shipping by 2050. We’re saying to governments that if they really want to reach net zero, they need to move from empty commitments to tangible action.

“A net zero carbon ambition is achievable by 2050. But only provided governments take the unglamorous but urgent decisions needed to manage this process within a global regulatory framework.”

John Adams, Chairman of the ICS GHG measures working group commented: “We have expended a great deal of senior industry leaders time deliberating and analysing the most effective and equitable proposals to ensure that we can decarbonise our industry quickly and effectively. If adopted by governments at the IMO, these measures could lead to regulation that will swiftly move the shipping sector and associated industries towards a zero-carbon future.

“Governments can make a huge statement of their intent to get behind this new timeline by approving the industry’s proposed $5bn R&D fund in November at the IMO.”

The proposal, available here also includes plans for the sharing of intellectual property amongst industry innovators in zero carbon technologies, to accelerate the pace of change within shipping.

Guy Platten, Secretary General, ICS concluded: “This is a unique case of an industry demanding to be more tightly regulated on carbon emissions, and putting its hand up to do the grunt work of getting there. We’re not trying to win headlines – we’re trying to reach net zero.

“If a net zero target is to be more than a political gesture, governments need to recognise the magnitude of the challenge of phasing-out CO2 emissions from large oceangoing ships. Only these proposed measures can tackle the innovation and knowledge gap, and challenges of a global equitable transition, that shipping’s decarbonisation presents.”

 

Photo credit:  Andy Li from Unsplash
Published: 6 October, 2021

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Alternative Fuels

China: Guangzhou completes first bio-methanol STS bunkering operation

A total of 1,021 metric tonnes of bio-methanol was supplied to the world’s first methanol dual-fuel Ultramax bulk carrier in Guangzhou anchorage.

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China: Guangzhou completes first bio-methanol STS bunkering operation

Clean energy equipment and services provider CIMC Enric on Monday (7 September) said China’s first green methanol bunkering operation for a bulk carrier was completed at Guangzhou anchorage.

The company said the bunkering operation also marked the first bio-methanol STS bunkering operation at Guangzhou Port.

A total of 1,021 metric tonnes (mt) of bio-methanol was supplied ship-to-ship (STS) to the world’s first methanol dual-fuel Ultramax bulk carrier.

The operation was completed on 6 September by China Shipping & Sinopec Suppliers Co Ltd’s Da Qing 268, which carried bio-methanol produced at CIMC Enric’s green methanol facility in Zhanjiang.

China: Guangzhou completes first bio-methanol STS bunkering operation

The successful operation in Guangzhou, following previous green methanol bunkering operations in Shenzhen and Hong Kong, means that Guangdong-produced bio-based methanol has established a supply network across the Guangdong-Hong Kong-Macao Greater Bay Area.

The company said the development connects the production, storage, transportation and bunkering segments of the green methanol supply chain, moving the region beyond individual pilot projects towards coordinated operations across the Greater Bay Area.

CIMC Enric described its Zhanjiang green methanol facility as China’s first commercial-scale bio-methanol production plant.

Since beginning production, the Zhanjiang facility has maintained a stable production and delivery schedule, supplying bio-based methanol to major ports across China, with delivery volumes continuing to increase, according to the company.

The first phase of the facility has an annual production capacity of 50,000 metric tonnes (mt), while its methanol products have a carbon emission reduction rate of more than 85%, CIMC Enric said.

The products have also obtained ISCC EU sustainability certification, with the company saying their specifications meet international requirements for shipping decarbonisation and can support the low-carbon operation of vessels.

 

Photo credit: CIMC Enric
Published: 9 September, 2026

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Alternative Fuels

NTU Singapore-led study urges robust fuel certification as shipping scales up green marine fuels

Research, led by MESD at NTU Singapore and commissioned by Pacific Environment, calls for improved traceability, fuel “fingerprinting” and centralised digital database to log all fuel transactions.

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NTU Singapore-led study urges robust fuel certification as shipping scales up clean marine fuels

Environmental non-profit Pacific Environment and Nanyang Technological University, Singapore (NTU Singapore) on Tuesday (8 September) have issued a new study highlighting that strict and reliable fuel certification is essential to keep the global shipping industry’s transition to clean fuels “honest and fraud-free”.

The study titled “The role of sustainable fuels certification schemes in maritime decarbonisation,” was led by the Maritime Energy & Sustainable Development Centre of Excellence (MESD) at NTU Singapore.

It evaluates established certification systems — including those by the International Sustainability & Carbon Certification (ISCC) and Roundtable on Sustainable Biomaterials (RSB), Brazil’s RenovaBio, the California Air Resources Board’s Low Carbon Fuel Standard (CARB LCFS), and the U.S. Environmental Protection Agency’s Renewable Fuel Standard (U.S. EPA RFS) — to guide the International Maritime Organisation (IMO) as it establishes global standards for Sustainable Fuel Certification Schemes (SFCS).  

These existing frameworks provide critical blueprints for measuring full-lifecycle carbon emissions, tracking fuel ownership, and ensuring broader environmental sustainability.

Singapore climate specialist, Lim Jie Ying, Pacific Environment, said, “Certification systems will play an essential role in ensuring that zero- and near-zero-emission fuels deliver genuine environmental benefits. As shipping scales up the use of these fuels, we need certification systems that are robust enough to guard against fraud and unsustainable production, while also being practical and workable across complex international supply chains.”

The study outlines major gaps in global fuel supply chains that leave them vulnerable to cheating. For example, documented cases of fraud involving recycled waste, such as used cooking oil and palm oil mill effluent, demonstrate the limitations of verification systems relying purely on paper documentation without physical origin checks.

To tackle these risks, the study recommends chemical testing or fuel “fingerprinting” to verify fuel authenticity independently, alongside stronger cross-checks.  It also calls for a centralised digital database to log all fuel transactions, preventing suppliers from falsely claiming the same batch of green fuel more than once.

Lead researcher of the study, Dr Yeoh Keat Ping, Research Lead at MESD, NTU Singapore, said: “Strengthening the traceability of sustainable fuels through continued research and innovation will be critical in supporting the maritime energy transition. This requires a combined effort across policy formulation, laboratory validation, digital tools and shared industry knowledge. As traded volumes of sustainable fuels grow, these solutions must be robust enough to keep pace with an evolving landscape.”

Additionally, the study addresses the risk of Indirect Land-Use Change (ILUC), where clearing land for fuel crops causes deforestation and displaces food production elsewhere. It urges the IMO to adopt a balanced risk-based approach to cap- or phase-out high-risk crop feedstocks, protecting both ecosystems and global food security.

For Singapore, Pacific Environment notes that the study highlights a key opportunity to strengthen the country’s role as a trusted green maritime hub. By expanding training for local sustainability auditors and adopting fuel fingerprinting techniques, Singapore could ensure high supply chain integrity for alternative fuels moving through Southeast Asia.

Note: The study titled ‘The role of sustainable fuels certification schemes in maritime decarbonisation’ can be found here

 

Photo credit: NTU Singapore
Published: 9 September, 2026

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LNG Bunkering

“Titan Vision” LNG reload underscores Klaipėda’s Baltic bunkering role

Growing activity at LNG terminal strengthens Klaipėda’s role as a regional LNG reloading hub, enabling LNG to be reloaded for further delivery to smaller terminals and for bunkering across Baltic Sea region.

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“Titan Vision” LNG reload underscores Klaipėda’s Baltic bunkering role

International energy terminal operator KN Energies on Tuesday (8 September) said bunker vessel Titan Vision arrived at the Klaipėda LNG terminal on the same day for the vessel’s first LNG reloading operation in Klaipėda. 

During the operation, more than 11,000 m³ of LNG will be reloaded to Titan Vision, a 12,000 m³ LNG bunker vessel designed for terminal runs and LNG bunkering operations across Europe.

KN Energies said Titan, part of Molgas, supplies LNG and BioLNG to the maritime sector and has been developing LNG bunkering solutions in Europe for more than a decade.

 “The operation is the result of continued cooperation between the KN Energies and Titan teams and reflects the flexibility of the Klaipėda LNG terminal in serving different LNG market needs,” the company said.

“So far this year, 65 ship-to-ship LNG operations have been carried out at the terminal, 36 of them involving small-scale LNG vessels.

“This growing activity strengthens Klaipėda’s role as a regional LNG reloading hub, enabling LNG to be reloaded for further delivery to smaller terminals and for bunkering across the Baltic Sea region.”

 

Photo credit: KN Energies
Published: 9 September, 2026

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