biggest challenge for the shipping industry will be addressing climate change,
the IMO Secretary-General Kitack Lim said in his address earlier 2 Feb kicking
off SMM Digital in Hamburg.
Over the next four
days, the industry’s most renowned maritime fair is going digital featuring 60
hours of programme and more than 100 speakers from all maritime sectors
broadcasted via two free streaming channels.
The event will
serve as a platform for the industry stakeholders to discuss the pressing
challenges in the maritime industry ranging from the impact of the pandemic on
various sectors to the role of the shipping industry in driving economic
recovery in a greener and cleaner manner.
One of the key topics is the colossal task of decarbonizing the
One of the key
topics is the colossal task of decarbonizing the industry as well as the
potential pathways of cutting emissions from the existing ships and those yet
to be built.
The single, biggest challenge we will be facing is climate change
“IMO is working to ensure shipping can embrace
the upcoming revolution while ensuring safety, boosting environmental
protection, and managing cybersecurity risks. However, the single, biggest
challenge we will be facing is climate change,” Lim said. One of the key topics
is the colossal task of decarbonizing the industry
“Now is the time
to initiate shipping’s energy transition to meet ambitious decarbonization
targets of the IMO’s Greenhouse Gas Strategy and to ultimately phase out
greenhouse gas emissions from shipping. New technologies, new fuels, and
innovation will be vital. Research into the development zero carbon marine
fuels is underway with hydrogen, ammonia and biofuels considered to be viable
Lim pointed out more action is needed requiring investments in R&D and
“To achieve this
IMO is stepping up its efforts to act as the global promoter of R&D in zero
carbon fuels bringing together industry stakeholders from the public and
private sector,” he added.
Maritime trade is vital for the world economy
Maritime trade is
vital for the world economy. As explained, to develop a greener maritime
industry structural cooperation on a massive scale will be required.
“We must all work
together to enable this truly sustainable future,” he concluded.