The Sustainable Shipping Initiative (SSI) has launched a report calling for a greener shipping industry among its members.
With 21 of the world’s major shipping firms and other stakeholders part of the SSI, it aims to have a sustainable industry by 2040 with the report looking at progress of the past 18 months.
According to SSI, whose members include companies such as Maersk, Daewoo Shipbuilding and Engineering, ABN Amro, Lloyd’s Register and Unilever, 90 per cent of the world’s trade travels by sea and this leads to about four per cent of worldwide carbon emissions.
SSI director Helle Gleie said: “The SSI’s work reduces risks and promotes nimbler work practices to turn efficiency, sustainability and profitability into realities and norms for the shipping sector.”
The latest report details SSI’s achievements in four workstream projects including ship financing, ship recycling, energy technology and sustainability benchmarking.
It looks at a project to track 96 per cent of the material by weight used in the construction of two new vessels and a cruise ship cabin in order to develop better ship recycling, closed-loop use of steel as well as development of remanufacturing and reuse strategies.
The report also looks at voyage optimisation techniques such as slow steaming and assesses the barriers to these techniques being implemented.