Monday 14th October 2019
Monday, 14th of October 2019
Home / Cover / Firms launch Global Industry Alliance to support energy efficient shipping

Firms launch Global Industry Alliance to support energy efficient shipping

Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future.

IMO low carbon

Participants at the launch ceremony of the Global Industry Alliance

Thirteen companies have signed up to launch the GIA, under the auspices of the GloMEEP Project, a Global Environment Facility (GEF)-United Nations Development Programme (UNDP)-International Maritime Organisation (IMO) project aimed at supporting developing countries in  the implementation of energy efficiency measures for shipping.

Together, the GIA partners will collectively identify and develop innovative solutions to address common barriers to the uptake and implementation of energy efficiency technologies and operational measures. Focusing on a number of priority areas including energy efficiency technologies and operational best practices, alternative fuels, and digitalisation, activities likely to be undertaken or promoted by the Alliance will include, inter alia: research and development; showcasing of advances in technology development and positive initiatives by the maritime sector; industry fora to encourage a global industry dialogue; and the implementation of capacity building and information exchange activities.

ALSO READ:  A year after flag-off, government asked to immediately commence Ogoniland clean-up

The GIA was officially inaugurated on Thursday, June 29, 2017 at a launch ceremony held at the headquarters of the IMO, the United Nations specialised agency with responsibility for safety and security of shipping and the prevention of pollution from ships. The launch was held in London, United Kingdom at the margins of the first meeting of the IMO Intersessional Working Group on Reduction of GHG emissions from ships.

In his GIA launch speech, IMO Secretary-General Kitack Lim said the new alliance would help shipping to make its contribution towards greenhouse gas reduction and the mitigation of climate change, a key target for the United Nations under its Sustainable Development Goals (SDGs).

ALSO READ:  Nigeria adopts carbon pricing to curb global emission

“What we are witnessing today is the formal start of a tried and tested partnership concept which has the potential to boost still further our efforts to kick-start the change that society demands and create a firm, tangible basis to transform the shipping sector for the better,” Mr Lim said.

“Under this new public-private partnership initiative, these ‘industry champions’, which come from different sectors of the industry and may have different business strategies within the same sector, are coming together to contribute to tackling the challenges of decarbonising the shipping sector.”

Following the announcement by the GloMEEP Project of its intention to establish the GIA, thirteen companies have agreed to become the founding members of the GIA, although it is expected that more companies may join the GIA even after the launch.

ALSO READ:  Nigeria's committed to ‘green’ economic transformation, says Mohammed

The 13 members that have formally committed to joining the alliance are: ABB Engineering (Shanghai) Ltd.; DNV GL SE; Lloyd’s Register EMEA; MarineTraffic; MSC Mediterranean Shipping Company S.A.; Ricardo UK Ltd; Royal Caribbean Cruises Ltd.; Shell International Trading and Shipping Company Limited; Silverstream Technologies; Stena AB; Total Marine Fuels Pte Ltd; Wärtsilä Corporation; and Winterthur Gas & Diesel Ltd.

The companies are said to be supporting the overall goals of the GIA by providing their expertise and know-how in the area of maritime fuel efficiency, as well as contributing financially towards the GIA Fund from which GIA activities will be funded.

Following the official GIA launch, the first GIA Task Force meeting was convened to discuss work modalities and kick-off the GIA work.

%d bloggers like this: