IMO Encourages Investments in Alternative Fuels

Shailaja A. Lakshmi
Thursday, November 29, 2018

Technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieving the overall ambition in the Initial International Maritime Organization (IMO)  Strategy on reduction of GHG emissions from ships.

A press note from the UN agency said that a meeting of the IMO Global Industry Alliance to Support Low Carbon Shipping (GIA) Task Force at IMO Headquarters in London (27 November) held a lively debate on the marine fuel for the future - and discussed how the GIA can support IMO in the development of measures that can increase the uptake of low carbon fuels (with a view to feeding this into IMO’s work on the Initial GHG Strategy).

The meeting agreed, as a next step, to hold a GIA roundtable early 2019 to discuss how early movers could be incentivised to invest in alternative fuels.  

The GIA Task Force includes representatives from members of the GIA, a public-private partnership initiative of the IMO under the framework of the GEF-UNDP-IMO GloMEEP Project that aims to bring together maritime industry leaders to support an energy efficient and low carbon maritime transport system.

The meeting took stock of the different workstreams the GIA has embarked on, including the development of E-Learning Course on the Energy Efficient Ship Operation for seafarers and shore-based personnel, and work on the development of short and mid-term solutions that can support a global uptake of the Just-In Time operation of ships.

The GIA agreed to continue its work until December 2019, in line with the time-scale of the GloMEEP project. The GIA currently has 15 members, representing Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, oil companies and ports.

Categories: Finance Environmental Energy Renewable Energy Emissions

Related Stories

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC

Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

Major Oil and Gas Projects Drive Strong OSV Demand in the Middle East

Floating Offshore Wind Test Center Planned for Japan

Sapura Energy Rebrands to Vantris Energy

Current News

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

ADES Nets $63M Contract for Compact Driller Jack-Up off Brunei

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com