The International Association of Dry Cargo Shipowners (Intercargo) has backed the International Maritime Organization's (IMO) concerns surrounding the inclusion of shipping in the European Union’s emission trading system (EU-ETS).

Last week, IMO secretary-general Kitack Lim claimed that the addition of shipping in the EU-ETS could hinder efforts to reduce greenhouse gas (GHG) emissions from the sector.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Expressing concern, Lim had then said: “I am concerned that a final decision to extend the EU-ETS to shipping emissions would not only be premature but would seriously impact on the work of IMO to address GHG emissions from international shipping.

“Inclusion of emissions from ships in the EU-ETS significantly risks undermining efforts on a global level.”

In December last year, EU’s Environment Committee signed an agreement, stating that emissions from ships should be included in EU-ETS from 2023 if IMO does not deliver a further global measure to cut GHG emissions for international shipping by 2021.

"Inclusion of emissions from ships in the EU-ETS significantly risks undermining efforts on a global level."

However, IMO has already approved a plan to develop a comprehensive strategy on reducing GHG emissions from ships, through to a 2023 horizon.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Intercargo, IMO is the appropriate body to address the global challenges faced by the shipping industry.

In 2011, IMO issued various technical and operational energy-efficiency requirements, which need to be followed by new and existing vessels; these came into effect in 2013.

Intercargo also claimed that the EU’s December agreement, which has yet to be approved, showed insufficient thinking amid various challenges faced by the shipping sector worldwide.