IMO’s Pivotal Shipping Announcement Can Push Many Vessels To Scrappage!

Credit: Smaart company

Shipowners face an ultimatum in 2023, upgrade their Carbon Intensity Indicator (CII) technology to comply with new laws or scrap their vessels.

New Carbon Targets

The move comes as the International Marine Organization (IMO) in July announced new carbon targets, which include a 20% reduction in emissions by 2030, a 70% reduction by 2040 (compared to 2008 levels), and the ultimate goal of net-zero emissions by 2050.  Chris Birkert, AkzoNobel Marine’s Coatings Segment Manager, described the IMO’s Marine Environment Protection Committee (MEPC 80) strategy as a ‘pivotal moment’ for the shipping industry.

CII Compliant Ships

Chris Birkert said, “Everyone’s been waiting for this announcement and shipowners must now decide whether to service or scrap their vessels and then replace them with new buildings.” He adds, “Either invest to upgrade your ship to become CII compliant or take the vessel out of service and replace it… Shipowners and coatings companies now have a timeline to work towards and understanding and knowing that your emissions data has never been more important.”

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Source: Maritimeinformed