At a seminar organised by the Singapore Shipping Association International Chamber of Shipping’s marine director Peter Hinchliffe said that issues related to emissions was something that ship owners could not escape from. He also said that it was a challenge that was being met through various means.
But, it is important that the feasibility for the same be taken into consideration and balance it with that of what is in the best interest of the industry he added. International Maritime Organisation (IMO) member states must cooperate in order to take proper action with regard to the agreements.

However, till now only 14 out of 30 member states have approved the document. The slow speed of development of machinery, which will make it possible for the ships to meets the standards, is complicating the issue.

IMO’s Environment Protection Committee which is scheduled to meet in October is expected to come with even more strict emission standards.

The shipping industry has committed itself to reduce its carbon dioxide emissions by 20% by 2020. But, with the present technology that is available this target is not likely to be met. Hence, there is a need to come up with some kind of carbon balancing said Mr Hinchliffe.