Companies around the world recognize the social and economic importance of lowering their carbon footprint, and companies in the international freight shipping industry are included. Handy Shipping Guide recently reported a report from Drewry Supply Chain Advisors on this very issue of reducing carbon emissions. This report featured data that measured the emission levels produced by ocean vessels during the past few months. The good news is that emission levels from ships are going down thanks in part to new measures adopted by freight forwarders and carriers. New laws from Governments are also helping with this as well. More importantly, a result of the lower emissions levels and the initiatives includes lower ocean freight shipping rates.
What are the main contributing factors to the declining emissions levels produced by industry vessels? The biggest reason is because of regulations. The International Maritime Organization outlined better emissions standards that ships have to follow. In addition, ports have plans to help. Fore example, UK operator Peels Ports recently introduced their Cargo200 initiative that will reduce carbon emissions by shifting some deliveries to certain terminals, thus cutting down on truck mileage. Meanwhile, new technologies and slow steaming, both employed by larger vessels, are contributing to emission decreases as well.
With regards to larger vessels, there are some concerns that they might not help the environment. Yes, larger vessels will cut down on the overall number of sailings, but fewer sailings might equal more congestion at the ports, which in turn could add to the carbon emission pollution.