Shipping Industry Calls for Reform of IMO’s Carbon Intensity Indicator
As discussions on the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII) are set to resume at the Marine Environment Protection Committee (MEPC) 82 meeting in September, INTERCARGO, the association representing dry bulk shipping companies, along with other global shipping associations, has issued a joint policy statement to the IMO. The statement highlights flaws in the current CII framework.
INTERCARGO, together with CLIA, BIMCO, InterManager, ICS, and INTERTANKO, argues that the CII’s current one-size-fits-all approach unfairly penalizes the shipping industry, particularly the dry bulk sector. While the sector is committed to the IMO’s goal of reducing shipping emissions and achieving carbon neutrality by 2050, they believe the CII’s current application leads to unintended negative consequences that conflict with this strategy.
Kostas Gkonis, Secretary General of INTERCARGO, emphasized the industry’s commitment to sustainable shipping and welcomed the upcoming review of the CII. He noted that in March, the IMO acknowledged the industry’s concerns and agreed to review the CII, with 78 submissions already received for amendments or highlighting issues.
INTERCARGO is urging regulatory authorities to collaborate more closely with the shipping industry and flag states to ensure that the CII accurately reflects the environmental performance of vessels. The organization and its members remain dedicated to safe, sustainable shipping and achieving the IMO’s carbon-free target by 2050.
