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🌍🚢 Global momentum builds for a greener shipping sector as 47 countries, including key players like the EU, Canada, and Japan, have recently advocated for a carbon levy on international shipping emissions at a meeting of the International Maritime Organization (IMO). Read more about recent global actions towards sustainable #shipping practices and how Legacy Supply Chain empowers customers to make greener decisions: https://lnkd.in/g9F9CBcU #globalshipping #transportation #supplychain #logistics #3PL

Why is the shipping industry not decarbonizing faster? The year 2050 might seem distant, yet in the context of the green transition of global #supplychains, the deadline is rapidly approaching. Decisions being made now are ones that will determine the shipping sector’s ability to decarbonize and achieve net-zero emissions by 2050. Global #trade is highly dependent on fossil fuels. Indeed, there are container vessels being built today for sailing on fossil fuels for decades to come. It is clear that our industry needs mechanisms that can bridge the transition from fossil-based to low emissions fuels without causing inflationary pressure and while maintaining #competitive fairness. A global and ambitious effective mid-term measure which levels the #economic playing field for green fuels in shipping is urgently needed. The #IMO and its member states have an unprecedented chance to translate the greenhouse strategy into mandatory and actionable requirements. The upcoming #Marine #Environment Protection Committee sessions are the ideal opportunity to accelerate the urgent green transition in #shipping. .https://lnkd.in/d4Rfu4PD

With so many ships sailing around Africa to avoid the Red Sea, not only are there costs implications for the extra vessels and fuel, there are also emissions and sustainability implications. This wide-ranging and insightful article highlights the issues (which even touch on potentially sensitive trade considerations).

The shipping industry has recently experienced a transformative change. As of January 1, 2024, shipping activities have been integrated into the European Union's Emissions Trading System (EUETS), a landmark move in Europe’s ambitious climate action plan.   In our latest blog, we'll delve into how this inclusion works and its potential impacts on the shipping sector. #DeltaTrak #EUETS #Shipping #Logistics #SupplyChain

The shipping industry is on the brink of a major shift towards sustainability. Maersk, a leading global shipping company, expects the IMO to approve a global CO2 levy on vessels next year. Key points: New regulations: A phased reduction in GHG intensity and a CO2 levy are on the horizon. Global impact: Shipping accounts for 80% of world trade and significant emissions. Industry transformation: This move could force the industry to invest in cleaner technologies and fuels. What do you think about this potential regulation? Will it be enough to drive the industry towards a more sustainable future? Share your thoughts below. #shipping #sustainability #CO2 #emissions #climatechange #IMO #Maersk #transportation #logistics #greenenergy Learn more about this news in https://lnkd.in/eEzztxGJ

On World Maritime Day, we celebrate the vital role that the maritime industry plays in global trade and reaffirm our commitment to a more sustainable future. At Trafigura, we recognise that decarbonising shipping will play an important role in addressing climate change. That’s why we have set targets to reduce emissions and are actively investing in the future of sustainable shipping. Reducing emissions is not a distant goal—it's an urgent priority, and as the world develops large-scale solutions to decarbonise this hard-to-abate sector, there are a number of immediate actions that can be taken to reduce the environmental impact of shipping today. Through innovation and collaboration we’re committed to helping the shipping industry chart a path to a cleaner, greener future. Watch our video on our longer-term strategy for decarbonising shipping below and read our “Connecting Vital Resources” article where we highlight five steps that the industry can take to make a meaningful difference to decarbonise shipping today here: https://lnkd.in/dufJ2dfM #WorldMaritimeDay #ShippingDecarbonisation #SustainableShipping #Trafigura #MaritimeIndustry #ConnectingVitalResources #Shipping #ShippingDecarbonisation

Supply chain, sustainable shipping and bond market friends, I am consulting with ADE in working together to frame dialogues for mitigating supply chain risk, both from a fuel alternatives perspective and an aggressive carbon reduction programme inclusive of strong risk management principles with a five year forward rolling risk projection on what we can see, or possibly predict. Our starting point has been a corresponding value in carbon credits and freight futures and the backbone for increasing risk management efficiency with the concept of this five-year rolling view, taking into account relevant key factors, IMO, EU maritime regulatory direction and timelines, the push by significant freight users to radically reduce their supply chain carbon, the elimination of sulfur content fuel, the increase in alternative fuel choices, particularly for inshore routes, including biofuel, hydrogen, and ammonia, geopolitics, port fuel supply arbitrage, OPEC policies, CAPEX decisions on fleet needs, among the many considerations. This outline on freight futures and the importance of the role of a broader and more specific range of derivative products and benchmarks is intended to catalyse industry discussion, leading to engagement in risk mitigation investment process, due controls and strategies, including choice of platform to express risk. Anecdotally, I see that Unilever are inviting applications for a solution for supply chain carbon measurement, awarding £125k, which is of course nothing in context with the losses and credit standing due to non compliance of EU/IMO or supply chain and regulatory demands. Please feel free to add your comment and insights or call, as you wish. ADE’s team is ready to engage and pursue solutions that reflect ongoing maritime operations. Ciao Adam +39 328 9115299 or leatheradam@gmail.com or Djordje Radic, CEO of ADE on dr@alternativederivatives.com

On World Maritime Day, we celebrate the vital role that the maritime industry plays in global trade and reaffirm our commitment to a more sustainable future. At Trafigura, we recognise that decarbonising shipping will play an important role in addressing climate change. That’s why we have set targets to reduce emissions and are actively investing in the future of sustainable shipping. Reducing emissions is not a distant goal—it's an urgent priority, and as the world develops large-scale solutions to decarbonise this hard-to-abate sector, there are a number of immediate actions that can be taken to reduce the environmental impact of shipping today. Through innovation and collaboration we’re committed to helping the shipping industry chart a path to a cleaner, greener future. Watch our video on our longer-term strategy for decarbonising shipping below and read our “Connecting Vital Resources” article where we highlight five steps that the industry can take to make a meaningful difference to decarbonise shipping today here: https://lnkd.in/eVFvWk6T #WorldMaritimeDay #ShippingDecarbonisation #SustainableShipping #Trafigura #MaritimeIndustry #ConnectingVitalResources #Shipping #ShippingDecarbonisation

The International Maritime Organization (IMO) plans to introduce a global, mandatory charge on greenhouse gas emissions for the shipping industry by 2027, aiming to regulate an industry which has substantial CO2 emissions and of which carries 80% of world trade. This would make it the world's first global carbon levy. While the commitment to establishing a pricing mechanism is firm, specifics about its implementation, effectiveness, and the actual charge rate are still under development, with proposals ranging widely in terms of the suggested levy. For context on differing approaches to proposed pricing: - the Marshall Islands, a flag state for many shipping vessels (for its favourable tax environment and greater operational freedom) — had previously called for a minimum emissions charge of $150 per tonne of CO2-equivalent - Maersk, the world’s biggest container shipping company, proposed a carbon tax of $150 per tonne CO2 of which could support countries with less capital to invest in development and subsidisation of sustainable fuels. - Getting to Zero Coalition, an alliance of leading maritime companies and environmental NGOs called for a carbon price of about $200 per tonne, with the proceeds going towards subsidies for sustainable fuels. In addition to the emissions charge, the IMO is working on regulatory measures to reduce the GHG-intensity of ship fuel, highlighting a multi-faceted approach to decarbonising the shipping industry. Bloomberg - World’s First Global CO2 Charge Inches Closer at London Meetings - https://lnkd.in/duUbKjy4 Climate Leadership Council - Carbon Pricing in the Shipping Industry - https://lnkd.in/dSf-vtEA #sustainability #shipping #logistics #supplychain #globalsupply #sustainablefuels #fuel #climatecrisis #carbonprice #globalcarbonprice

Important News in the Sea Freight Industry! Starting 2024, the EU Emissions Trading System (ETS) expands to include shipping activities. What does this mean for you?   ✅ Reducing Emissions: A significant step in the fight against climate change, the integration aims to create financial incentives for emissions reduction.   ✅ Scope of Integration: Covers ships traveling between EU countries and those between EU and non-EU ports.   ✅ Emission Monitoring: Shipping companies must monitor and acquire certificates for their emissions.   ✅ Phased CO2 Pricing: Implementation involves a phased approach with 3 phases, starting with companies needing to obtain certificates for 40% of their emissions reported in 2024, for 70% of the emissions reported in 2025, and all of the emissions reported in 2026 and beyond.   ✅ Cost Implications: Shippers and importers, be prepared for potential cost increases as emissions-related expenses integrate into sea freight rates.   🌍 The integration brings challenges, but it's an opportunity for a more sustainable shipping. Kloepfel Consulting is here to help you navigate through the changes and optimise costs. Contact us for more info! #Shipping #EUETS #Sustainability #Logistics #CostOptimisation   More about the policy here: https://lnkd.in/dVmbef7N