Mon 7 Mar 2016, 09:34 GMT

Roadmap to a sustainable shipping industry launched


Roadmap is a set of key milestones and priorities which the SSI says must be met in order to create a sustainable shipping industry by 2040.



The Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shipping industry, has today launched its Roadmap, a set of key milestones and priorities which it says "must be met in order to create a sustainable shipping industry by 2040".

Developed in line with SSI's Vision 2040 and Case for Action, the Roadmap is designed to provide a clear overview of the macro environment that a sustainable shipping industry will require by 2040. According to the SSI, the six core areas that the shipping industry must work to implement are:

1. Proactively contributing to the responsible governance of the oceans.

2. Earning the reputation of being a trusted and responsible partner in the communities that shipping interacts with.
v 3. Providing healthy, safe and secure work environments, so that people want to work in shipping, where they can enjoy rewarding careers and achieve their full potential.

4. Instilling real transparency and accountability within the industry to drive performance improvements and enable better, sustainable decision making.

5. Developing financial solutions that reward sustainable performance and enable large scale uptake of innovation, technology, design and operational efficiencies.

6. Changing to a diverse range of energy sources, using resources more efficiently, and responsibly, and dramatically reducing greenhouse gases.

Within each of these areas, the Roadmap highlights what the SSI says are the key defining factors that are central to achieving them. This includes regulation, governance, infrastructure, and emerging energy sources, as well as the critical milestones that chart a path to success by 2040.

In a statement, the SSI said: "The development of the Roadmap embodies the core attributes and values of SSI's membership in working together to evaluate and establish the tangible change that will be needed to create a sustainable industry.

"The Roadmap is designed as a guide for the SSI and its members, and shared freely with the wider shipping industry. It is intended as a practical resource for companies and organisations to understand their present and future challenges, as well as the steps and milestones to shape their own sustainability strategies."

Available online as a 'live' working tool, the SSI says it will be actively engaging with the industry to periodically update the Roadmap based on the progress that is made, and the industry landscape changes and evolves. This will then be fed back into the tool and shared with the market.

Alastair Fischbacher, CEO, The Sustainable Shipping Initiative, remarked: "This is a significant achievement and point of real pride for the SSI and its members."

"Our members have shown considerable commitment, as well as investing their knowledge and expertise to define a Roadmap, which truly encapsulates what needs to be delivered to create a more sustainable industry. There are many challenges ahead, but we have set a clear foundation from which to work from. I look forward to those from within the industry who are passionate about securing its future joining our existing members in working together to deliver against the Roadmap and achieving our Vision of a sustainable shipping industry.

"Delivering the milestones in the Roadmap will take further commitment and desire by our members as well as the rest of the shipping industry. This is a dynamic document that will be updated and developed further with developments, and we hope that the Roadmap will be a unifying and interactive tool that will serve to drive more engagement and debate within the shipping industry. By informing, influencing and encouraging all organisations to actively change and operate in a progressive and more sustainable way the Vision 2040 can be achieved."

A link to the SSI Roadmap has been provided below.

SSI Roadmap to a Sustainable Shipping Industry by 2040


Methanol bunker fuel delivery. World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports  

First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

Fluxys logo. Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins  

Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.