ABS, a leading authority in marine and offshore classification, has released a comprehensive report shedding light on the intricate regulatory landscape of the maritime industry.
This report presents a summary of the latest global regulatory developments, their implications, and the ongoing efforts of regulatory bodies to unify and enhance regulations for the maritime sector, says an article published news cision website.
Key Highlights From The ABS Report
- Global Focus on Carbon Reduction: The report underscores the maritime industry’s commitment to reducing the carbon intensity of shipping. This commitment aligns with the goals of the International Maritime Organization (IMO) and regional regulators to establish unified regulatory standards for safer, more efficient, and technologically advanced maritime operations.
- 2023 IMO Greenhouse Gas Reduction Strategy: The revised IMO strategy introduces more ambitious deadlines and emphasizes a holistic approach that considers the entire life cycle of marine fuels. It encompasses technical measures for reducing the GHG intensity of marine fuels and proposes an economic measure based on GHG emissions pricing mechanisms.
- EU Regional Measures: The ABS report discusses the potential impacts of EU regional measures under the FIT for 55 legislative package. It highlights key initiatives, including the EU Emission Trading System (ETS) set to commence in 2024 and the forthcoming FuelEU maritime regulation in 2025.
- U.S. Proposed Policies: The report provides insights into U.S. policies designed to eliminate GHG and air pollutant emissions. These policies also entail the establishment of carbon intensity standards for ship fuels and the promotion of cold-ironing practices while ships are at berth.
- Panama Canal Green Route Plan 2050: The report delves into the ambitious Panama Canal Green Route Plan 2050, which aims to reduce the carbon footprint of the canal and champion sustainable practices.
ABS, as a trusted partner in the maritime industry, diligently monitors regulatory developments and promptly offers valuable assessments to stakeholders. This report serves as a comprehensive resource, consolidating essential information to navigate the complex regulatory seas of the maritime industry.
The report not only outlines the challenges but also underscores the industry’s proactive approach in addressing these challenges to achieve environmentally sustainable and technologically advanced maritime operations.
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Source: news cision
