Wed 6 Feb 2013, 14:58 GMT

ICS discusses CO2 emissions regulation


Board meets in London to discuss the best means of achieving further CO2 emissions reduction from ships.



The board of directors of the International Chamber of Shipping (ICS) - the international trade association and employers' organisation for shipowners - met in London yesterday, February 5, to discuss key issues, including the best means of achieving further carbon dioxide (CO2) emissions reduction from ships.

The ICS board reviewed recent developments with respect to the international regulation of CO2 emissions from ships. This included proposals by the United States, the European Commission, and others, concerning the establishment of a mandatory system of Monitoring, Reporting and Verification of emissions (known as ‘MRV’).

ICS Chairman, Masamichi Morooka [pictured], remarked: "Our meeting agreed that ICS will fully support the concept of MRV, provided that any measure adopted is developed and agreed at IMO, and that it will be simple to administer and primarily based on fuel consumption measured by bunker delivery notes."

"However," added Mr Morooka, "ICS support for the development of an MRV mechanism does not imply acceptance of MRV being used for the eventual development of any other Market Based Measure, or the mandatory application of energy indexing measures to existing ships."

The ICS said it is currently developing a detailed position on how MRV might work, but is waiting for formal submissions to be made by governments at the next meeting of the IMO Marine Environment Protection Committee in May.

The ICS said it was optimistic that "the United States will submit a paper to IMO that will address some (though not all) of the concerns previously raised by ICS in response to earlier US proposals made last year. In particular, it is hoped that the US will acknowledge the central role of bunker delivery notes, and that it will avoid any suggestion that expensive or impractical emission monitoring equipment should be installed on board ships (as has been suggested by some elements within the European Commission)."

The trade association added: "IMO has already adopted a comprehensive package of technical and operational measures to reduce CO2 emissions, and shipping is the only industry which already has CO2 reduction regulations in force at a global level. ICS therefore welcomes the recent announcement by the European Commission that if further measures are developed to address CO2 that this should be done globally inside the IMO."

Commenting on the issue of regional Market Based Measures (MBMs), the ICS said: "At their meeting, ICS members’ noted with satisfaction that, for the time being at least, it seems that the EU will give much less emphasis to developing its own Market Based Measure on a regional basis (including a mooted regional emissions trading scheme for ships) and that as an interim measure the EU instead wishes to focus on a global system of MRV."

Morooka commented: “This constructive stance now being taken by Europe is very positive. But with respect to MRV, we are still waiting to see if firm proposals will be made at IMO by the European Commission. At consultations we have attended in Brussels, some EU officials from the Climate Change Directorate still seem to be thinking in terms of a developing a regional measure first. In the absence of firm EU proposals being submitted to IMO it is difficult for industry to contribute to the MRV debate at European level meaningfully. This is something which ICS is very keen to do.”

The ICS added: "Notwithstanding ICS’s support for MRV, its priority remains to help ensure that the technical and operational measures adopted by IMO, which came into force in January 2013, are successfully implemented. This includes the Energy Efficiency Design Index (EEDI) and the mandatory use of Ship Energy Efficiency Management Plans (SEEMP). ICS believes that the further reduction in emissions that will be delivered by the SEEMP, which are now being utilised by tens of thousands of existing ships worldwide, should not be understated."


Suezmax crude oil tanker render. Guangzhou Shipyard secures Suezmax order, delivers vessels ahead of schedule  

China State Shipbuilding subsidiary reports nine vessel deliveries in the first quarter of 2026.

Clean ammonia project pipeline chart as of March 2026. Renewable ammonia pipeline grows despite Norway project freeze  

GENA Solutions tracks 325 projects totalling 146 MMT of capacity by 2034 despite execution challenges.

Antwerpen and Arlon naming ceremony. Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea  

Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.

Fujian province map with highlighted locations. Gulf Marine expands bonded lubricant supply network in China’s Fujian province  

Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.

Excelerate Acadia naming ceremony. Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia  

Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.

Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.

EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.

RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.

Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.

Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.