Pressure on shipping sector to clean up act Concerns over emissions reshaping the way players think, invest and operate - The Star Online

Posted - Monday January 3, 2011 - The Star Online - By SHARIDAN M. ALI
sharidan@thestar.com.my

PETALING JAYA: Although the commercial shipping sector accounts for only 3.3% of global carbon emissions from the industrial sector, the industry should not complacent in its effort to be “greener”, said Maritime Institute of Malaysia senior fellow Nazery Khalid.
“Concerns over carbon emissions have emerged as a key driver which is reshaping the way industry players think, plan, invest and operate.
“There is growing pressure for the sector to clean up its act amid growing demand for maritime-related services such as shipping, port operations, shipbuilding, ship repairing and a host of other ancillary services.
“Players in the maritime sector simply cannot maintain the status quo and hope for the problem of global warming to go away.
“As demand for services in the maritime sector grows in line with growing global seaborne trade, offshore oil and gas activities and other economic activities that require ships, ports and other maritime components, emissions from the sector is expected to rise,” he told StarBiz.
The shipping industry, which transports about 90% of the world’s cargo, is now developing green technologies that support the long-term sustainability of the sector.
The effort to create a more environment-friendly industry is spearheaded by a Danish organization, Green Ship of the Future.

Complete story at:

http://biz.thestar.com.my/news/story.asp?file=/2011/1/3/business/7714923&sec=business