MT6401: Environmental Shipping Question Environmental issues are today’s burning topics. Global warming is causing many disasters like forest fire, flooding, rising sea levels,s, and human casualties. The regulators like IMO are playing their part to combat the anthropogenic emissions with various rules and regulations th

Question

Environmental issues are today’s burning topics. Global warming is causing many disasters like forest fire, flooding, rising sea levels,s, and human casualties. The regulators like IMO are playing their part to combat the anthropogenic emissions with various rules and regulations through MARPOL Annex VI and MEPC conventions. At the same time, some players in the shipping business are driving various initiatives on their own to achieve similar goals or aiming for a zero carbon footprint. That doesn’t mean that the businessmen’s ethics of making or compromising their profit has changed.

ABC Co. Ltd. owns a fleet of 58 large container ships and there are plans for 35 new ships to be built in the next 3 years. As the managing director of the ABC, you are aware that IMO already set the target to achieve the GHG reduction to 50% compared to that of 2008, which must be complied with, and at the same time, you are to ensure that the company remains sustainable with healthy profit even after undertaking or embarking on initiatives required to satisfy IMO rule and beyond. You are tasked to come up with a plan and to form a pathway of building your fleet vessels against the vision of ‘IMO Rule and Beyond’ along with the commercial and operational strategies and the associated arguments and reasonings.