International maritime research fund endorsed
In December, the main players in the shipping industry ecided to create an International Maritime Research Fund - IMRF to the IMO (International Maritime Organisation). Among the participants are BIMCO, CLIA, Interferry, International Chamber of Shipping (ICS), Intercargo, Intertanko, the International Parcel Tankers' Association and the World Shipping Council.
Together, these international associations represent over 90% of the world merchant fleet. This fund will be used in the R&D field to develop zero-carbon propulsion technologies and systems as well as eco-friendly fuels (hydrogen, ammonia, etc.). The aim is to reduce, by 2050, the greenhouse gases produced by the industry by 50% (compared to the levels recorded in 2008) and subsequently get to a total decarbonisation of shipping on a global scale.
The fund will be financed by shipping companies around the world through a contribution of USD 2.00 per t of marine fuel purchased. Considering the amount of fuel currently consumed by the industry globally, the total amount collected is expected to be USD 5 billion over a ten year period.
Amongst others, Emanuele Grimaldi, vice-president of ICS, Italian representative within the world shipowners’ organisation, and managing director of the Grimaldi Group, praised the innovation: “The industry associations that support and promote this proposal are showing a great sense of responsibility. The decision to tax itself for a noble purpose such as protecting our planet is very honourable to the category. (mw)