World Shipping Council News

Transitioning global shipping from a carbon dependent industry into one that operates without greenhouse gas (GHG) emissions is a massive task. Container and roro carriers are already investing in the development of zero GHG technologies and are committed to enabling the industry’s transition to zero, but clear global regulations are needed. The World Shipping Council (WSC) has identified six regulatory and economic pathways, all of which are critical for the nations of the U...

The World Shipping Council (WSC) notes that the Senate has now introduced its own bill, the Ocean Shipping Reform Act, to amend the Shipping Act. John Butler, the President and Chief Executive Officer (CEO) of the World Shipping Council (WSC), said “Ocean carriers continue to work with all members of the supply chain, the Federal Maritime Commission, the administration, and their customers, to identify and implement operational solutions to mitigate the ongoing supply chain congestion.&rd...

The European Parliament’s lead MEP on the EU ETS proposes amendments to the ETS for maritime that put the impact and efficiency of the EU Green Deal at risk, says World Shipping Council (WSC). The EU ETS intends to impose a technologically neutral greenhouse gas (GHG) price across all elements of industries like shipping, to incentivise the most cost-effective GHG emissions reductions and innovative solutions. Carbon pricing is a key part of driving the adoption of zero-GHG...

The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation. The world’s governments have agreed to give further consideration to the detail of the concept of an IMO-supervised, industry financed, USD 5 billion programme, to be conducted by a new International Maritime Research and Development Board (IMRB)...

Chief Executive Officers (CEOs) of global container and roro carriers have appealed to governments for broad political action, which is critical for the shipping industry to meet climate challenge. The International Maritime Organization (IMO) has set a goal for the international shipping industry to reduce its greenhouse gas emissions (GHG), by at least 50%, by 2050, and then to move to zero GHG emissions. Meeting IMO’s zero GHG emissions goals Shipping will decarbonise and the industr...

MSC Mediterranean Shipping Company has joined other carriers in reiterating support for a global R&D decarbonisation fund and also in backing a potential worldwide market-based measure that would include carbon pricing. On top of MSC’s own substantial efforts to boost fleet energy efficiency and trial a range of new fuels and technologies, specific global initiatives are required to help the shipping industry decarbonise, according to MSC Mediterranean Shipping Company’s CEO Sor...

Ahead of US President Joe Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs), in order to ensure ambitious decarbonisation targets are met, across the entire global shipping industry. With the summit, hosted by the United States of America (USA), seen as a vital precursor to COP26 and the IMO’s Marine Environment Protection Committee (MEPC), shipping bodies...

To support its growing scope of activities across the globe, the World Shipping Council (WSC) is as of March 1, 2021, adding two positions to its operations in Singapore, as well as welcoming a new colleague in the US. Appointments in Singapore They will both engage with WSC members on a broad range of policy matters including environmental and climate In Singapore, WSC welcomes Senior Manager Mun Wei Jun and Senior Executive Ang Shi En. They will both engage with WSC members, government regu...

The fourth edition of the industry cyber risk management guidelines, Guidelines on Cyber Security Onboard Ships is now available and lays the foundation for further improvements and refinement of companies’ cyber security risk assessments. The version 4 of the cyber security guidelines is published at a time when ship owners and ship managers are faced with a requirement to implement cyber risk management in their safety management systems (SMS) by the time of their first Document of Comp...