The Sea Cargo Charter is a global framework that allows for the integration of climate considerations into chartering decisions to favour climate-aligned maritime transport. Founding signatories of the charter include Anglo American, ADM, Bunge, Cargill Ocean Transportation, COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Shell, Torvald Klaveness, and Trafigura.
The move sees charterers leapfrog regulators and the shipping industry itself in terms of detailing how emissions reporting will be carried out.
Guy Platten, secretary general of the International Chamber of Shipping (ICS), shipowning’s largest lobby group, argued today that due process at the IMO ought to have been carried out rather than charterers pressing ahead with their own greenhouse gas (GHG) reporting schemes.
“The initiative has some interesting ideas but we believe that it would have a better chance of success if it was to be aligned with the reporting requirements set out by governments and even the Poseidon Principles, to be agreed at the IMO following significant consultation and review, to ensure that the reporting requirements are as efficient as possible,” Platten said.
The ICS has offered to work with the signatories to today’s landmark charter to ensure that they can deliver on their stated objective and produce what ICS claimed today would be an even more effective initiative.
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