Press releases and statements

International Chamber of Shipping’s statement following the closing of the 17th meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships

The International Chamber of Shipping (ICS) is pleased that progress has been made over the past week but much more needs to be done. We are committed to working with Member States over the coming days and months to ensure a transparent, equitable and workable solution is agreed to deliver on the International Maritime Organization’s (IMO) decarbonisation strategy.

ICS Chairman awarded ‘2024 Capital Link Maritime Sustainability Award’

Emanuele Grimaldi, Chairman of the International Chamber of Shipping and Managing Director of Grimaldi Group, awarded the ‘2024 Capital Link Maritime Sustainability Award’ at the 14th Annual Capital Link Operational Excellence in Shipping Forum. Mr Grimaldi highlighted that best practices are not only vital for safe shipping but also pushes the industry to operate more sustainably. During the keynote address Mr Grimaldi highlighted the plight of seafarers during times of geopolitical uncertainty.

Joint Industry GHG Reduction Policy Statement

New guide to reducing GHG emissions in shipping launched by ICS

● A new chapter on the European Union Emissions Trading System (EU ETS), addressing the significant confusion surrounding its application to all ships trading in and out of the European Union. ● Exploration of the relationship between greenhouse gas (GHG) emission and underwater radiated noise (URN) reduction measures, highlighting how efforts to reduce one often naturally decrease the other. ● A comprehensive new appendix detailing approximately 100 ways to reduce both GHG emissions and URN. ● Thorough review and update of all content to ensure accuracy and relevance in the rapidly evolving regulatory landscape.

New Lloyd’s Open Form Default Clause introduced today

The LMA and ICS wanted to make a clause available to their members, designed to: Ensure that in the event of an emergency, it is clear that the master and / or owners can proceed to use LOF to obtain salvage services without delay; The LMA and ICS also wanted to set out a clear procedure for dealing with emergency circumstances where there is no immediate danger; The clause also sets out a process for owners to notify hull underwriters and take their views as to the appropriate contract to be used in such circumstances (whether LOF or some other contract).

Maritime leaders’ confidence on the rise amidst increased geopolitical risk

New report launched at International Chamber of Shipping Board Meeting illustrates and examines the key areas of concern for shipowners, managers, and industry. Year-on-year data from the ICS Barometer suggests growing confidence in maritime leader’s ability to manage key risks despite the challenging operating environment. Protectionism highlighted as a growing risk for shipping’s decision makers.

ICS Publications announces the launch of “A Practical Guide to Shipboard Inspections”

International Chamber of Shipping (ICS) Publications is proud to announce the release of its latest publication, A Practical Guide to Shipboard Inspections. This first edition comprehensive guide is designed to assist the maritime industry in preparing for and navigating the myriad of inspections that ships are subject to.

Enclosed Space Fatalities – A united industry response

Leading maritime organisations gathered for the second Enclosed Space Entry – Joint Industry Workshop on 8 July 2024 at the Oil Companies International Marine Forum (OCIMF) office to discuss the ongoing challenge of reducing or eliminating deaths in enclosed spaces.

New proposal urges governments to ‘bite the bullet’ to meet net zero 2050 targets

• To help achieve net zero shipping emissions by 2050, shipping industry joins Bahamas and Liberia in comprehensive new proposal to IMO, for an annual greenhouse gas (GHG) emission fee. • Revenue generated will support feebate (rewards) programme to incentivise accelerated production and uptake of zero/near-zero GHG marine fuels, plus a separate IMO Fund to be allocated billions of dollars annually to support maritime GHG reduction efforts in developing countries. • ICS emphasises that delivery of IMO GHG reduction targets for 2030, 2040 and 2050 will only be plausible if governments ‘bite the bullet’ and adopt a maritime GHG emission pricing mechanism in 2025 for global implementation in 2027.

New hydrogen demand report unveils once in a generation opportunity

The International Chamber of Shipping (ICS) launches new report identifying that heavy Industry sector are expected to dominate global hydrogen demand to 2050, with South Korea, Japan and Europe being the first markets for hydrogen. However, analysis of current hydrogen demand scenarios shows tremendous volatility, increasing uncertainty for businesses and investors.