UGS report warns shift to multi-fuel future could herald the end of low-cost maritime commerce – ShipInsight
The Union of Greek Shipowners (UGS) has published a report on the technical aspects related to the decarbonization of the maritime transport sector, which complements the UGS survey on Alternative Fuels – Technologies for maritime transport (published in May 2021) and presents a technical perspective on the potential of alternative marine fuels and ship technologies that need to be developed to enable the decarbonization of the maritime transport sector.
“Greece with Prime Minister Kyriakos Mitsotakis and his relevant call for an EU research center on alternative marine fuels and technologies, has taken an initiative for the efficient decarbonization of our industry and for real reductions in GHG emissions “, the president of the UGS, Theodore Veniamis, mentioned. “Sir. Mitsotakis’ proposal places Greece at the forefront of European developments concerning both environmental sustainability and the important strategic asset of the EU, the shipping industry,” said continued Veniamis.
The UGS wishing to contribute with its specialized know-how and practical experience of maritime transport to the current environmental debate has compiled relevant technical information. This information shows that the introduction and market adoption of new economically viable and safe low-emission and zero-emission fuels and propulsion technologies available globally are essential for the energy transition of maritime transport and that they ‘mainly concerns the responsibility and area of expertise of stakeholders outside the sector in the maritime domain.
“It is important that political and legislative decision-makers take this reality into account before regulating only for shipowners. It is also important to ensure that it is the polluter who pays the costs arising from relevant European regulations, such as the EU Emissions Trading System (EU ETS), as has been rightly underlined the Greek Prime Minister. This entity is the commercial operator of a vessel and it is most often a different entity from the owner, that is to say the charterer. Assigning responsibility to the right stakeholders who make decisions about the environmental footprint of ships is fundamental to effecting real environmental change, ”concluded Veniamis.
The report itself concludes by saying: “Depending on the fragmentation of the future fuels landscape and the length of the transition period to a new era, the shift to a multi-fuel future could in fact herald the end of trade. low cost shipping and its mainstay, the international bulk / trampage shipping model which is responsible for over 84% of global ocean ton-miles.