The China Classification Society (CCS) has held the launching ceremony of Sustainable Shipping Innovation & Development Initiative (SSIDI) in Beijing.
The CCS launched the ceremony collaboration with Sinopec Group, COSCO Shipping Energy Transportation, China Merchants Energy Shipping and ICBC Leasing.
The SSIDI, as a collaborative research platform, will focus on and conduct research on all aspects of the application of alternative fuels in shipping.
At the meeting, Sinopec and CCS introduced the economics of green methanol and a new mechanism of emission reduction in international shipping.
With the International Maritime Organization (IMO), European Union and other global and regional shipping emission reduction policy formulation and development process accelerating, it has become an industry consensus to promote the application of alternative fuels in shipping.
In a project convened by C40 Cities, the Ports of Los Angeles and Shanghai aimed tov work with leading industry partners to reduce greenhouse gas emissions from the movement of cargo on one of the world’s busiest container shipping routes.