Shipmanagers Call for Changes to IMO Net-Zero Framework

Shipmanagers have raised concerns regarding the International Maritime Organization’s (IMO) future net-zero framework, suggesting changes to make the proposals more effective. Acting on behalf of the global shipmanagement sector, InterManager has submitted a proposal to the IMO’s Marine Environment Protection Committee (MEPC83) for consideration.

The submission highlights that the current greenhouse gas (GHG) proposal fails to properly account for the involvement of third-party International Safety Management (ISM) Managers. With approximately 20% of the global fleet operated by third-party technical shipmanagers, InterManager emphasizes the need for refinement to ensure practical application and to prevent potential litigation by shipmanagers.

InterManager points out that shipmanagers lack significant influence over a ship’s GHG intensity, as decisions regarding engine types, alternative energy installations, and fuel procurement are made by shipowners and charterers. However, the proposed draft amendments to MARPOL Annex VI suggest holding shipmanagers solely responsible for GHG emissions penalties, a move that InterManager argues misidentifies shipmanagers as the polluters.

The proposal also raises concerns about the financial implications of assigning compliance fees liability to shipmanagers, leading to the need for upfront financial security from shipowners. This requirement ties up equity and limits cash flow for growth and investment in new ships.

InterManager President, Sebastian von Hardenberg, emphasizes the commitment of shipmanagers to the industry’s journey to net zero. However, he underscores the lack of decision-making power shipmanagers have in determining a ship’s GHG intensity, likening their role to facility managers rather than factory owners.