The Maritime Emissions Reduction Centre (MERC) – the Athens-based non-profit set up by Lloyd’s Register’s Maritime Decarbonisation Hub and a group of prominent Greek shipowners – has launched its first publication, in which it emphasises the importance of applying efficiency measures to the existing fleet to meet IMO Mid-Term GHG reduction measures.
In a statement issued yesterday (16 January), Stelios Korkodilos, Director of the MERC, said: ‘While alternative fuels will play a vital role in shipping's decarbonisation journey, efficiency improvements will be critical for the existing fleet. Most new low-carbon fuels aren't suitable for existing vessels, and the maritime sector will compete with aviation and road transport for limited supplies of drop-in alternatives.
‘MERC will work with all industry stakeholders to overcome the technical, financial, and commercial barriers that hinder the uptake of solutions for the existing fleet and support shipping's transition to a low-GHG future.’
Click here to download the new report, IMO Mid-Term GHG Reduction Measures as a Driver for Efficiency, from the MERC website.