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INTERCARGO Statement on IMO GHG Strategy

INTERCARGO congratulates member states for agreeing on a revised greenhouse gas (GHG) strategy aimed at enabling shipping to decarbonise.

We fully support the IMO’s goal of reaching net-zero GHG emissions by or around 2050.

Yet the challenges ahead are massive and the time left to achieve them is indeed very limited.

Governments across the globe must now assume their responsibilities in practice, in order to enable shipping to decarbonise successfully.

Collaboration and action by all stakeholders in the maritime dry cargo chain is vital.

We have been calling for urgent acceleration in the development of green technologies, propulsion systems, fuels and related infrastructure, see Green Hubs, along with mechanisms, including the industry’s proposed levy-based market based measures, which would allow the transition to net zero carbon shipping.

Ship owners cannot be regulated alone.

We must all share responsibility in enabling the set targets to be attained in the time frame in front of us.

A wide spectrum of stakeholders* must play their part on this joint journey to a greener future.


*Shipyards, engine builders, technology providers, charterers, ports, terminals, cargo shippers and receivers, banks, and insurers.