NSC committed to making sure introduction of 0.5% Sulphur cap will the not increase cost of doing business in Nigerian seaports - JIME

NSC COMMITTED TO MAKING SURE INTRODUCTION OF 0.5% SULPHUR CAP WILL NOT INCREASE THE COST OF DOING BUSINESS IN NIGERIAN SEAPORTS - JIME

The Executive Secretary/ CEO,  Nigerian Shippers' Council, Rt. Hon. Emmanuel Jime says concerned authorities should show efforts towards adopting means to put accompany measures in place to cushion the effects of the introduction of  0.5% on Sulphur cap.

According to Jime, "The time has come ever than before to have concerted, deliberate efforts of all concerned authorities towards adopting measures, not only to implement, but also to put in place accompanying measures to cushion the effects of this change. Africa’s maritime sector is bound to be affected by the IMO 2020 targets and one of the key concerns of African states is the availability, quality and supply of low Sulphur fuel and whether refineries would be able to meet new demands. 

"The introduction of the 0.5% sulphur cap by the IMO in a bid to deal with Greenhouse Gas Emissions (GHG) from ships has given rise to concerns on how vessels can comply and how non-compliance will be dealt with around the world. The shipping industry is an important economic sector that contributes to more than 80% of global trade. 

He said "However, according to S&P Global Platts Analytics, the shipping industry currently accounts for between 2% and 3% of global carbon dioxide emissions and could be 17% by 2050 if left unregulated. Our environment is constantly changing, and as it changes, so does the need to become increasingly aware of the problems that surround and affect it. These environmental problems are prompting the need for renewable and sustainable energy across the world. The theme ‘New Technologies for Greener Shipping’ is one that addresses climate change concerns and other conditions that affect the environment due to shipping activities.

"The International Maritime Organization (IMO) chose the theme ‘New Technologies for Greener Shipping’ reflecting the need to support a green transition of the maritime sector into a sustainable future. 

Jime noted that "The introduction of the 0.5% sulphur cap by the IMO in a bid to deal with Greenhouse Gas Emissions (GHG) from ships has given rise to concerns on how vessels can comply and how non-compliance will be dealt with around the world. The shipping industry is an important economic sector that contributes to more than 80% of global trade. 

"However, according to S&P Global Platts Analytics, the shipping industry currently accounts for between 2% and 3% of global carbon dioxide emissions and could be 17% by 2050 if left unregulated. Our environment is constantly changing, and as it changes, so does the need to become increasingly aware of the problems that surround and affect it. These environmental problems are prompting the need for renewable and sustainable energy across the world. 

The NSC boss said "Ships are crucial to the global economy and over 85% of all the goods and services that enter Nigeria come via the seaports. Considering this, any transition to greener fuels could be expensive, and consumers will most likely be at the receiving end due to the huge technological advancement that is required to adapt to this change. 

"One of the challenges is that Africa’s maritime sector is still developing and will require resources and capacity-building to strengthen institutions which are responsible for incorporating international conventions into local law, implementing the legislation and policing the environmental legislation.

He said "I commend the Federal Ministry of Transportation for recognizing the need to create a platform as this where such important matters that affect not only the Nigerian maritime industry but the Global maritime industry and environment at large can be discussed. I encourage us all to be active participants in this Celebration and bring in our best ideas that can have a better impact on the maritime industry. 

Jime added that  "the Nigerian Shippers’ Council is committed to ensuring that the added cost thrown up in the implementation of these new technologies does not increase the cost of doing business at the Nigerian Seaports.