Container Supply Chain Programme Wednesday 30th November / 11:30 - 12:30 SGT
After the release of the IPCC’s latest report on climate change, the maritime industry must now accelerate its pace to reach the Net Zero Carbon 2050 goal. However, not only is the energy transition in Asia going too slow, but the goal on a global scale could cost the maritime industry around $3.4 trillion worth of investments to meet IMO-mandated climate goals over the next 30 years, according to the economist Martin Stopford.
The main reason behind this is the lack of a clear roadmap for the sector to follow, which is in turn the result of uncoordinated efforts, led by several industry stakeholders not working together.
With new technologies, alternative fuels, joint ventures, and modern infrastructure coming into the game, industry stakeholders in Asia have now the opportunity to capitalize on the region’s role within the world’s supply network and bring secure a sustainable future for the maritime & logistics sector.
Following the outcomes of the COP26, shipping lines and cargo owners are joining efforts to decarbonise maritime trade.
One of the main initiatives is the Next Wave: Green Corridors, included in the Global Maritime Forum’s Getting to Zero Coalition and published during the COP26, and it focuses on accelerating industry action to achieve zero-emission shipping and allowing policy makers to create an enabling ecosystem with targeted regulatory measures, financial incentives, and safety regulations. One of the green corridors included in this study is the Asia-Europe container route, whose high demand provides potential for the deployment of zero-emission fuels and the replication in other major container trade routes.
From an industry perspective, Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo and Unilever have signed the Cargo Owners for Zero Emission Vessels (coZEV), a coalition brings together industry stakeholders to lead the way towards zero carbon shipping by 2040. Further to this, K Line and Maersk are among the leading shipping lines taking steps towards decarbonising their fleets.
There is no doubt that articulated efforts will boost industry scale decarbonisation efforts.
How can shipping lines & cargo owners accelerate the decarbonisation of the supply chain?
What are the key factors for the success of green corridors connecting Asia to the rest of the world?
Deployment of carbon neutral vessels across the industry
What leveraging technologies will facilitate energy transition in the near future?
How will the outcomes of the COP26 shape the energy transition for the maritime & logistics sector?
Professor Setyo Nugroho, Lecturer & Researcher, Institut Teknologi Sepuluh (ITS)
PRESENTATION TITLE TO BE ANNOUNCED Francois Xavier Accard, Managing Director, CMA CGM International Shipping Company
DEVELOPMENT OF AN INTER-ASIA GREEN CORRIDOR FOR CONTAINER VESSELS Shane Balani, Decarbonisation Consultant, Lloyd's Register
ENERGY TRANSITION & SUSTAINABILITY –IMPLICATIONS FOR THE MARITIME SUPPLY CHAIN Dr Shahrin Osman, Head of Maritime Advisory APAC, DNV