SSI discusses maritime sustainability, updates progress [News]

September 27, 2013 by  
Filed under News

By Haidi Lun, Channel NewsAsia, 26 Sep 2013.

To coincide with World Maritime Day, the who’s who of the global shipping industry gathered in Singapore on Thursday to discuss the issue of maritime sustainability.

The Sustainable Shipping Initiative (SSI) — a 21-member strong industry group comprising ship owners, builders, banks and customers — gave an update on the progress that has been made to date.

It aims to achieve a vision of a global shipping industry that is both profitable and sustainable.

Some initiatives include a financing model dubbed “Save as You Sail” to encourage ship owners to retrofit their vessels with more energy-efficient technology, and a scheme to boost the recycling of shipbuilding materials and other operational technology aimed at cutting down emissions.

SSI members say they are hoping to set an example for the broader shipping industry.

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Source: Channel NewsAsia

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