The World Shipping Council (WSC) participated in the United Nations' launch of the Decade of Sustainable Transport alongside political leaders and transport industry officials, emphasizing the critical role of ocean shipping in reducing global supply chain emissions.
While public discussions on sustainable transport often highlight urban mobility and electric vehicles, ocean shipping remains largely unseen. Despite being labelled a "hard-to-abate" sector, oceangoing vessels are responsible for transporting approximately 80% of global trade and are among the most climate-efficient freight options.
Investment in Marine Fuels
At the UN event, WSC President & CEO Joe Kramek underscored the potential for nations to invest in renewable marine fuels and infrastructure as part of shipping's energy transition. He stressed the necessity of including the "ocean leg" of supply chains in the Sustainable Transport initiative.
Kramek stated, "Liner shipping is investing USD 150 billion to build 1,035 dual-fuel ships by 2030, designed to run on low- and zero-GHG fuels." These investments represent firm orders and it is hoped that the Decade of Sustainable Transport will foster collaboration between the public and private sectors to promote affordable green marine fuels and infrastructure, enhancing economic opportunities and accelerating emissions reductions across supply chains.
Global Regulations for a Sustainable Future
WSC also stressed the significance of robust global greenhouse gas regulations through the International Maritime Organization. By elevating the visibility of ocean shipping in the UN initiative, WSC aims to ensure the sector is acknowledged and bolstered as a fundamental component of sustainable transport solutions.
This recognition is key to supporting a sustainable future.
