Carbon reduction in shipping: ideals v reality

As the industry works towards reducing its carbon footprint, International Chamber of Shipping's chairman Esben Poulsson reminds that goals should be realistic

Published Tue, Feb 28, 2017 · 09:50 PM

Strait Talk

THE pressure is now on to reduce shipping's CO2 footprint, but achieving this will not be easy.

Last week, Esben Poulsson, chairman of International Chamber of Shipping (ICS), set out what the industry would like the International Maritime Organization (IMO) to do to cut CO2 from ships.

Campaign group Carbon War Room (CWR) on Monday said in a statement that lenders to the shipping industry could lose a lot of money if new buildings are not easily convertible to new technologies as carbon pricing is introduced for shipping.

Let's look at the approach proposed by ICS.

Mr Poulsson is a senior figure in the local shipping industry, b…