Geopolitical instability in the Middle East and route diversions increase ocean-going shipping voyage times by 30-50%, directly impacting fuel burn and emissions, according to Evangelos Kartimpelis, managing director of Anglo-Eastern Ship Management (Hellas).
He was addressing as keynote speaker this year’s “Greener Shipping Summit: New Technologies and Education,” organized by Newsfront/Naftiliaki newspaper under the auspices of the Marine Technical Managers Association (Martecma) at the Eugenides Foundation this week.
He went on to note that at the same time, the IMO Net-Zero Framework (NZF) aims for global implementation around 2027, introducing a goal-based fuel standard and a greenhouse gas pricing mechanism, while compliance with the European Union’s Emissions Trading System and FuelEU Maritime requires strict timelines for reducing GHG intensity.
Haris Giantzikis, technical manager at Arcadia Shipmanagement, told the same event he is not optimistic about a clear outcome concerning NZF at IMO later in October this year, especially with a war continuing in the Middle East.