The past year has certainly been a year of notable highs and lows across the shipping industry, with the dry bulk sector being no exception. A major talking point of the past 12 months, as has been the case for some time now, is the journey to decarbonization and INTERCARGO welcomed the revised greenhouse gas (GHG) strategy from IMO Member States in July (MEPC80).
Intercargo has been calling for faster acceleration of green technologies and fuels for a long time, and so we fully support the IMO’s goal of reaching Net-Zero GHG emissions by or around 2050. However, we wish to stress that ship owners cannot be liable for this alone and we all need to share responsibility to effectively reach this goal.
Whilst on matters of the environment, INTERCARGO was also pleased to welcome the ratification of the Hong Kong Convention which will now enter into force in June 2025. It marks a significant step in the industry’s drive for safer and more sustainable ship recycling.
On a positive note, INTERCARGO has reached new historic highs in its membership and now represents one-third of the global dry bulk fleet (in dwt) and is very proud of this achievement and are delighted that so many new members have seen the benefits of joining the association, which strives to address the key issues being faced in the dry bulk sector.
It was also both reassuring and pleasing to note that INTERCARGO members have continued to surpass industry average performance in deficiencies and detentions as shown in the annual Benchmarking Report. It is a clear indication that the members are making great efforts to help achieve the ambitious aims and objectives.
The other notable annual publication is the Bulk Carrier Casualty Report, which shows that despite improvements being made in safety, liquefaction remains the greatest contributor to seafarer losses in dry bulk shipping.
For more information click below to download the Intercargo Annual Review 2023.