IN D U ST RY N EW S SANTA FE EVOLVES US STRATEGY Shipping industry plans US$5bn clean-up fund Shipping associations have submitted a proposal to the International Maritime Organization (IMO) to establish a US$5 billion IMO research and development programme focused on reducing greenhouse gases and moving towards decarbonisation. The move is designed to speed the introduction of low-carbon and zero-carbon technologies and fuels, amid increasing pressure on the industry to cut its emissions. IMO has set targets for an absolute cut in the sectors total greenhouse gas emissions of at least 50 per cent by 2050, regardless of trade growth, and full decarbonisation shortly after. The proposal is backed by BIMCO, CLIA, ICS, INTERTANKO, INTERCARGO, INTERFERRY, IPTA and WSC. The funding would be collected via a mandatory contribution per tonne of fuel oil purchased. Simon Bennett, Deputy Secretary General International Chamber of Shipping, said: Even using conservative estimates for trade growth, a 50 per cent total cut in CO2 by 2050 can only be achieved by improving carbon efciency of the world eet by around 90 per cent. This will only be possible if a large proportion of the eet is using commercially viable zero-carbon fuels. In practice, if the 50 per cent target is achieved, with a large proportion of the eet using zero-carbon fuels by 2050, the entire world eet would also be using these fuels very shortly after, making 100 per cent decarbonisation possible which is the industrys goal. US$2 a tonne will generate about $5 billion over a 10-year period based on total fuel consumption by the world eet of about 250 million tonnes per year which we believe should be sufcient to accelerate the intensive R&D effort we need to decarbonise our sector fully within the timeline. Santa Fe Relocation will no longer sell B2B services in the US, after the business evaluated its presence in this market, according to new company CEO Yann Blandy. Blandy said that, following the new ownership announcement, the companys presence in the US has been reevaluated. The company will refocus its approach to build on existing strengths: moving to a service centre and partnership approach to service its global customers US needs. While there will no longer be a corporate commercial focus in the US, it will continue to grow corporate commercial activity in EMEA and APAC, providing quality integrated direct delivery services, building on the strengths of its corporate moving operations, immigration and destination services. The company will continue to sell its B2C services in the US. Santa Fe appointed Ernesto Colom as new General Manager, Americas, to lead its US operations while former US CEO Betsy Welch stepped down at the end of 2019. For more on Santa Fe, read the interview with new CEO Yann Blandy on page 16. IMO WARNS OF TRICKY START TO SULPHUR CAP REGIME The Secretary General of the International Chamber of Shipping (ICS) says the shipping industry still has concerns about issues including cost, compliance and safety, as new regulations on sulphur emissions came into force on January 1. The new IMO 2020 rules put a cap on sulphur in fuel oil of 0.5 per cent, down from 3.5 per cent, in a significant move designed to reduce sulphur oxide emissions. In a statement, Guy Platten said: The industry has been working hard to ensure that we are ready for January 1, but we 10 FF295 FebMar20 pp10-15 Ind News.indd 10 still have concerns over safety and the availability of compliant fuels in every port worldwide. This is a pressing issue. Shipowners rely on many other stakeholders in the marine fuel supply chain, particularly bunker suppliers and oil refiners, to ensure we are all able to comply fully with the new regulations. We need the supply side to contribute fully to a smooth changeover so that we do not have any incidents due to incompatible fuels and we can ensure safe operations for our seafarers. He added that the IMO was advocating a consistent and common-sense approach to initial enforcement of the rules by port authorities, as long as shippers could show they have done everything to comply. He said: I would like to think the vast majority of shipowners will fully comply, and the new regime will be strictly enforced by Port State Control authorities globally. What we want is to make sure it is a level playing field and there is a uniform approach to compliance around the world. If you have not got a level playing field and people are able to gain from the system, thats unfair. WW W. F I D I FOC U S . OR G 20/01/2020 14:51