Sustainable Shipping Initiative Adds Industry Giants

by | Dec 16, 2010

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Six major players have joined Forum for the Future’s Sustainable Shipping Initiative. The 11-member group will work through 2011 to establish a strategy for future business and operations.

Sustainable Shipping Initiative (SSI) deliverables will be a “Case for Action,” the first integrated sustainability profile of the industry with projections to 2030, and an “Action Plan” for the industry, and its customers, suppliers and regulators.

SSI welcomes: Cargill, operators of a 300-vessel charter fleet; South Korea’s Daewoo Shipbuilding & Marine Engineering; Rio Tinto Marine, the shipping arm of the mining giant; marine insurers, RSA; Greek tanker operator Tsakos Energy Navigation; and Wärtsilä, providers of shipping solutions and equipment.

The new members join SSI founders ABN Amro, BP Shipping, Gearbulk, Lloyd’s Register and Maersk Line, which are working with Forum for the Future and the WWF, creating a group that brings together shipping companies and other key supply chain stakeholders.

“Globalization has been good for the industry, but ‘relocalization’ is now a real prospect as the economic and energy factors that have driven growth in the past go into reverse,” states the group’s web site.

The group aims to take a more proactive stance in shaping and influencing what it has identified as the megatrends affecting the industry, including: climate change and new weather patterns; oil shortages and carbon taxes; changing markets and cargoes; labor standards and skills shortage; piracy and marine governance; new ship designs and other technological developments.

Earlier this month, The Carbon War Room unveiled its new shipping efficiency site.

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