Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, October 07 2020 - 10:00
Industry Giants Commit to Transparent Reporting of Shipping Emissions
COPENHAGEN, Denmark, Oct. 7, 2020 /PRNewswire-AsiaNet/--

The Sea Cargo Charter sets a new benchmark for responsible shipping, 
transparent climate reporting, and improved decision making in line with United 
Nations decarbonization targets.

International non-profit organization, Global Maritime Forum, announced today 
that a group of the world's largest energy, agriculture, mining, and commodity 
trading companies will for the first time assess and disclose the climate 
alignment of their shipping activities. 

United Nations agencies estimate the international shipping industry to carry 
around 80% of world trade flows and to be responsible for 2-3% of global 
greenhouse gas emissions annually. 

Large industrial corporations are significant users of international shipping 
services. The shipping of crude oil, coal, iron ore, grain and other bulk 
commodities used worldwide make up over 80% of global seaborne trade. The Sea 
Cargo Charter is a global framework that allows for the integration of climate 
considerations into chartering decisions to favor climate-aligned maritime 

The Sea Cargo Charter establishes a common baseline to quantitatively assess 
and disclose whether shipping activities are aligned with adopted climate 
goals. The Sea Cargo Charter is consistent with the policies and ambitions 
adopted by member states of the UN's International Maritime Organization, 
including its ambition to reduce greenhouse gas emissions from international 
shipping by at least 50% by 2050. 

"A standard greenhouse gas emissions reporting process will simplify some of 
the complexities often associated with reporting. It will encourage a more 
transparent and consistent approach to tracking emissions, which will be a 
critical part of making shipping more sustainable," says Jan Dieleman, 
President, Cargill Ocean Transportation and Chair of the Sea Cargo Charter 
drafting group. 

"The shipping industry as a whole needs to adopt a transparent approach, 
advocated by the Sea Cargo Charter, in order to fully understand the sector's 
overall greenhouse gas footprint and for us to collectively rise to the 
challenges faced," says Rasmus Bach Nielsen, Global Head Fuel Decarbonisation, 

"The Sea Cargo Charter is an important step in laying the foundations for a 
net-zero emissions shipping industry. Collaboration such as this, from across 
the sector, is vital to scale-up customer demand for low- or zero-emissions 
shipping. This same spirit of collaboration is also vital in the pursuit of the 
technological advances needed to unlock decarbonisation solutions, and in 
building industry support for regulation which can create an ambitious but 
level-playing field under which to invest. Building on this momentum we would 
like the IMO to use its 2023 strategy review to set the trajectory for the 
sector to move to net-zero emissions by 2050," says Grahaeme Henderson, Global 
Head, Shell Shipping & Maritime. 

Founding Signatories of the Sea Cargo Charter include Anglo American, ADM, 
Bunge, Cargill Ocean Transportation, COFCO International, Dow, Equinor, Gunvor 
Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, 
Occidental, Shell, Torvald Klaveness, and Trafigura.

"The Sea Cargo Charter enables leaders from diverse industry sectors to use 
their influence to drive change and promote shipping's green transition by 
choosing maritime transport that is aligned with agreed climate targets over 
that which is not," says Johannah Christensen, Managing Director, Head of 
Projects & Programmes at international non-profit, Global Maritime Forum. 

The development of the Sea Cargo Charter has been led by global shippers – 
Anglo American, Cargill Ocean Transportation, Dow, Norden, Total, Trafigura – 
and leading industry players – Euronav, Gorrissen Federspiel, Stena Bulk – with 
expert support provided by the Global Maritime Forum, Smart Freight Centre, 
University College London Energy Institute/UMAS, and Stephenson Harwood. 

For further information:
Head of Communications
Torben Vemmelund or 

Source: Global Maritime Forum