Freight News, Sea

Shipping lines set up green scheme

[ December 18, 2019   //   ]

The global maritime industry has submitted a proposal to form the world’s first collaborative shipping research and development programme to help eliminate CO2 emissions from international shipping with core funding from shipping companies of about $5 billion over ten years. It aims to accelerate the development of commercially viable zero-carbon emission ships by the early 2030s. The shipping industry is proposing  an International Maritime Research and Development Board, a non-governmental organisation that would be overseen by IMO. The plan will be discussed by governments in London at the next meeting of the IMO Marine Environment Protection Committee in March 2020.