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INTERCARGO REMAINS COMMITTED TO QUALITY AND DECARBONISATION

INTERCARGO REMAINS COMMITTED TO QUALITY AND DECARBONISATION

Wednesday, March 17, 2021 

At its recent semi-annual meeting, bulk trade organisation Intercargo re-iterated its commitment to a safe, efficient, high quality and environmentally sound dry bulk shipping industry.

The Executive Committee and the Technical Committee convened over two days via videoconference, presided over by Chairman Dimitris Fafalios, Vice Chairman Spyros Tarasis, Vice Chairman Uttam Kumar Jaiswal, and Technical Committee Chairman Tom Keenan. The agenda focused on the need to urgently resolve the humanitarian crisis faced by seafarers under Covid-19 and other associated crewing issues; DryBMS as a quality standard for the dry bulk sector; initiatives for the reduction of greenhouse gas (GHG) emissions; the safe carriage of cargoes; bulk carrier design standards; the investigation of bulk carrier casualties; ballast water management; implications of the sulphur limit on fuels; and piracy threats.

Top of the agenda was the continued lack of universal recognition of seafarers as key workers. Despite the industry’s efforts, and the active support of Intercargo, seafarers continue to be overlooked by world governments Fafalios said: "Coordinating a worldwide vaccination programme for seafarers is an urgent priority.”

The association reviewed the progress of the DryBMS quality standard for the dry bulk sector, and the recent public consultation.

Intercargo discussed its active engagement in the IMO Greenhouse Gas deliberations regarding the finalisation of short-term measures, comprising EEXI and Carbon Intensity Indicators’ frameworks. Intercargo has co-sponsored the updated proposal for the $5 billion R&D industry programme to catalyse the vital research and development needed to help shipping meet the UN decarbonisation goals. In the medium-term, Intercargo backed the reopening of the Market Based Measures discussion at IMO, and affirmed it will maintain a leadership role for its membership and the dry bulk sector.

The Association shared its latest annual Benchmarking Report for dry bulk carriers, which again demonstrated that vessels registered with Intercargo continue to significantly outperform industry averages in respect of both detentions and deficiencies per inspection.

The Association will hold its next semi-annual meetings in October 2021.

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