Tue 23 Feb 2016 12:05

Shipping making steady progress towards sustainability, says SSI


Sustainable Shipping Initiative (SSI) highlights 'the positive developments that are being made to drive shipping's sustainability'.



The Sustainable Shipping Initiative (SSI) - a coalition of companies from across the global shipping industry - has today launched its Progress Report to 2015, which it says highlights "key areas of positive development within the shipping industry" and "the positive developments that are being made to drive shipping's sustainability", as well as the challenges that lie ahead.

The Progress Report details the work that it says has been conducted by SSI members to actively engage with, drive debate and inspire change within shipping. This is in conjunction to a number of key initiatives that have been led, and implemented by SSI members in order to deliver tangible solutions to make shipping a more sustainable and prosperous industry by 2040.

In particular, the report highlights the developments in the SSI's key work streams, where members have worked collectively across the core areas that serve to advance SSI's Vision. This includes:

- The development and use of clean technologies, and facilitating access to finance for their implementation through the SSI's innovative Save as you Sail (SAYS) financial concept, which demonstrates how charterers, owners and financiers can model return on investment and profits from more efficient vessels.

- Facilitating action and debate with key industry stakeholders to address the challenges of responsible ship recycling.

- Improving the transparent exchange of information to educate and drive better decision-making through the launch of a knowledge sharing platform on the future of shipping through the Futures Centre.

- Conducting research and analysing attitudes to life at sea, and what can be done to make shipping a more attractive place to work and develop a career.

- The development of a Roadmap - to be launched in Q1 2016 - a 'live' tool that sets out the key milestones and critical areas that must be addressed to chart a path to success by 2040.

SSI members have also recently signed up to a set of Shared Commitments to underscore their individual dedication to sustainability. This is designed to create a clear benchmark for demonstrable sustainable practice, as well as providing greater collective transparency and accountability to drive improvement within the membership group.

"Our second Progress Report shows the real developments that the SSI and its members are making, and the positive work that is being conducted among members and with many stakeholders in the shipping industry," said Alastair Fischbacher, CEO of the Sustainable Shipping Initiative.

"The Progress Report demonstrates the real value of being a member of SSI. It highlights the sense of purpose and pride that comes from our members in positively contributing to our cause, by working on the front line, investing time, knowledge and expertise to pioneer new initiatives and progressive ways of thinking in order to create a more sustainable and profitable shipping industry."

The Progress Report also acknowledges the significant challenges that lie ahead in the short term. Specifically, it refers to the requirement for a strong regulatory framework designed and implemented by the International Maritime Organisation (IMO) that supports the reduction of CO2 emissions, and the delivery of the UNFCCC's target of less than two degrees warming, as agreed at the recent COP 21 meeting. It also mentions the need for continued improvements in energy efficiency standards, as well as driving further debate and change in relation to ocean governance and the sustainable and equitable use of ocean resources.

Fischbacher concluded: "There is no room for complacency, and we must be under no illusion of the significant challenges that lie ahead. But we have shown that when organisations within the industry come together to make a difference and drive more sustainable behaviours great things can be achieved. We will continue with this mission, and welcome organisations from all elements of the shipping supply chain to join with us and work to deliver a sustainable industry. An industry which continues to play a critical role in driving the global economy, and in which future generations can thrive."

The full report can be read here by clicking on the link below.

SSI's Progress Report to 2015

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.

A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.

Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.

Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.

Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top