IMO REGULATIONS

In July 2023, the IMO revised its GHG reduction strategy aiming to reach net-zero GHG emissions by 2050.

The revised strategy aims to significantly curb GHG emissions from international shipping. The new targets include a 20% reduction in emissions by 2030, a 70% reduction by 2040 (compared to 2008 levels), and the ultimate goal of achieving net-zero emissions by 2050.

The strategy now also addresses lifecycle GHG emissions from shipping, with the overall objective of reducing GHG emissions within the boundaries of the energy system of international shipping and preventing a shift of emissions to other sectors.

To ensure that shipping reaches these ambitions, the IMO has decided to implement a basket of regulatory measures. The measures will, according to the agreed timeline, be adopted in 2025 and enter into force in around mid-2027.

The decarbonization targets pose challenges for a range of stakeholders, from ship owners, charterers and cargo owners to ship builders, designers, engine manufacturers, fuel suppliers financiers and policy makers. Reaching these targets will require the application of new and existing technologies, lowering speed and the deployment of large volumes of sustainable zero-carbon or carbon-neutral fuels.

The key to achieving reduction of emission is developing, maturing and scaling up solutions to a level where the cost is acceptable. Regulations should be supplemented by other policy measures and incentives to drive technology development and emission reductions, while at the same time ensuring the shipping activity is not restricted.

EEXI, EEDI

EEXI is the technical measure, just looking at the design of the ship in comparable way as the EEDI does for newbuidlings

CII – Carbon Intensity Indicator

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GHG Strategy

IMO announced an initial strategy in 2018 to reduce GHGs from ships and phasing them out as soon as possible

SEEMP – Ship Energy Efficiency Management Plan

The SEEMP is a structured, practical tool for managing the environmental performance and improve operational efficiency

IMO DCS

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Maritime Impact podcasts

Podcast: Where does wind power fit into shipping’s green technology solution space?

Host Eirik Nyhus is joined by WAPS specialist Johanna Tranell to discuss this technology’s potential, important operational and design considerations, its performance measurement and how it can help to deal with current environmental regulations.

Podcast: Overcoming practical EU ETS challenges

The EU ETS has introduced new liabilities and responsibilities for maritime stakeholders. Host Eirik Nyhus and DNV Maritime’s Business Development Manager, Helge Hermundsgård, discuss the practical ramifications of some key features that have a significant commercial impact and how to address them.

Podcast: Navigating the options to FuelEU Maritime compliance

What do ship operators need to do to ensure compliance for the FuelEU Maritime regulation? Host Eirik Nyhus provides a lowdown on the legislation where initial action will be required as early as this summer and examines the key challenges ahead.

Podcast: Defining IMO’s greenhouse gas regulations – an update from MEPC 81

DNV’s Maritime Impact podcast is back and host Eirik Nyhus examines the leading proposals for the technical and economic measures that shall take shipping to the ultimate goal to decarbonize by 2050.