To recommend effective strategies for the shipping sector to achieve the IMO emission reduction targets
Sector: Policy
The Poseidon Principles: 2023 Annual Disclosure Report
The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.
Alternative Fuels Insight
To provide insight into the future transition of international shipping to alternative fuels, focusing on achieving net-zero GHG emissions by 2050.
To offer guidance on selecting the appropriate alternative fuels and addressing the technical, economic, and regulatory factors involved in making informed decisions.
Marginal abatement cost curves for CO2 emission reduction from shipping to 2050
To present the most detailed marginal abatement cost curves (MACCs) for CO2 emission reduction in the global shipping fleet from 2025 to 2050.
To evaluate the costs and CO2 reduction potential of over 50 measures and various fuel systems, providing insights into achieving decarbonization goals in line with global regulatory strategies.
Oceans of Opportunity
To explain the impact of green methanol and ammonia and propose the implementation of zero-emission fuel bunkering at ports by 2030
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Review of maritime transport 2023; Towards a green and just transition
To analyze trends in seaborn trade, global shipping services, freight rates, infrastructures at ports in 2023. etc., and discuss challenges in relation to the transition to decarbonization
Evaluating the Carbon Intensity Indicator (CII): Challenges and Recommendations for Improvements
To highlight the need for the improvement of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII) regulations based on a thorough review of current issues and literature. The study examines key challenges through online surveys and interviews with Belgian shipping companies, identifying and ranking the most urgent areas for improvement. The goal is to provide policy recommendations for stakeholders based on the identified priorities.
Taking Action on Operational Efficiency (Operational Efficiency Ambition Statement Actions Report)
To analyze the experience and content of 26 shipping companies introducing 70 measures aimed at improving operational efficiency and reducing GHG emissions.
Based on this, in order to improve ship operation efficiency, the report describes key issues and related cases in which interested organizations, such as ship owners, charterers, management companies, ports, and terminals closely related to ship operation, should cooperate with each other.
2024 EPS ESG Report
To demonstrate the ESP’s commitment to environmental stewardship, social responsibility, and governance practices, and to highlight various initiatives and achievements in reducing carbon emissions and promoting sustainable practices.