GLOBAL DECARBONISATION
International shipping produces about 3 % of global greenhouse gas emissions according to the World Bank. If it were a country, it would be the sixth largest emitter in the world. However, shipping moves around 80 % of all global trade and is the most efficient form of commercial transport according to the International Chamber of Shipping. This industry cannot come to a halt without catastrophic consequences for global supply chains.
COP28 saw shipping CEOs come together to issue a joint declaration calling for an end date for fossil-only powered new builds and urging the International Maritime Organization( IMO) to create the regulatory conditions needed for the transition to green fuels.“ We believe that a regulatory framework and clear targets are crucial to accelerating the introduction of alternative fuels and reducing our carbon footprint,” says Rolf Habben Jansen, CEO of Hapag-Lloyd.“ This commitment is in line with Hapag- Lloyd’ s goal of achieving a net zero carbon fleet by 2045 and reflects
UNCTAD: REVIEW OF MARITIME TRANSPORT 2024
• Maritime trade volumes grew 2.4 % in 2023 while global GDP rose 2.7 %
• Between 2025 and 2029, it predicts maritime trade will average + 2.4 % a year and containers + 2.7 %.
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