Independent journal on economy and transport policy
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The Bimco clarifies what the strategy of decarbonization of shipping should be
The shipowners' association insists on the issue of the attribution of responsibilities and the importance of the adoption at global level of a market-based measure
April 20, 2022
For Bimco, of particular relevance is the question the attribution of responsibility for the establishment of the carbon price and the association believes that on the part commercial who is responsible for determining the speed of the ship and its course should also fall within the scope of a measure based on the market: "we believe - clarified the secretary general and CEO of Bimco, David Loosley - that in the case of a time rental this responsibility should fall on the renter, while for a rental per trip should fall on the part which commits the ship to this charter'.
Bimco also stressed the importance of implementing global level of a market-based measure, a measure that should have predictability and stability for as regards the carbon price and therefore be suitable for be included in commercial contracts.
The shipowners' association has also warned from the application of retroactive measures: Loosley pointed out that 'excessive retroactive technical measures when applied to ships currently in operation, could lead to premature withdrawal of ships. This - he specified - could take place in the form of an unjustified removal of necessary capacity within global supply chains and determine further unnecessary emissions from the construction of new ships'.
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