The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the IMO’s decarbonization goals. Nine signatories and nine affiliate members across ten countries are committed to sustainability and risk management in the marine insurance sector. The report highlights efforts to align operations with global emission reduction targets.
The IMO Marine Environment Protection Committee (MEPC) will convene its 82nd meeting from September 30 to October 4, 2024, in London. Discussions will focus on reducing greenhouse gas emissions, enhancing energy efficiency, managing ballast water, and combating underwater noise pollution. Secretary General Dominguez highlighted security concerns in the Red Sea.
The shipping industry faces a groundbreaking development: a global levy on greenhouse gas emissions. The International Maritime Organization is moving toward implementing this mandatory measure by 2027. Questions remain about its impact and implementation, with various proposals and uncertainties surrounding pricing and distribution of funds. Join the gCaptain Club for more insights.
