A proposal for an IMO-led global shipping industry decarbonisation programme

Singapore - 25 September 2020

Reducing shipping emissions is a vital component of the fight against global climate change, yet greenhouse gas emissions from the global maritime sector are increasing.

According to an International Maritime Organisation (IMO) study published in August 2020, emissions are projected to increase by as much as 130 percent by 2050 compared to 2008 levels if mitigation measures are not urgently put in place.

Read Trafigura’s proposal for IMO member states to help accelerate progress towards the decarbonisation of the shipping industry via the introduction of a levy on carbon intensive marine fuels to accelerate the development and competitiveness of zero- and low-carbon alternative fuels.

Our participation in the Global Maritime Forum, the Getting to Zero Coalition and the development of proposals such as this one, form part of our collective leadership in making sure that the global maritime sector helps deliver against the commitments made in the Paris Agreement.

Download the document here

About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world.

The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management.

The Company is owned by around 700 of its 8,000 employees who work in 80 offices in 41 countries around the world.

Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD171.5 billion in 2019. http://www.ship.gr/news6/trafigura6g.htm The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

Trafigura Group Pte. Ltd. press release