Shell has published a joint report with Deloitte that outlines industry perspectives of how to accelerate decarbonisation of the shipping sector. “Decarbonising Shipping: All Hands on Deck” presents the views of 80 senior shipping executives, representing 22 countries and almost all segments of the industry.

The report presents 12 solutions, or recommendations for action. The challenge for the industry is clear and there is little time to lose. Every operator and stakeholder in the industry has a role to play. Momentum is building, and there is a sense of optimism that it can be done.

Why decarbonise?

Shipping is the backbone of the global economy. It is by far the most efficient mode of freight transport and transports approximately 80% of the world’s trade volume, according to the United Nations Conference on Trade and Development (UNCTAD). However, as the industry’s development continues, it generates increasing carbon emissions from shipping.

The International Maritime Organization (IMO) has set an ambition to reduce the carbon intensity of emissions from shipping by at least 40% by 2030, and 70% by 2050, compared with 2008 levels. To achieve this, the shipping industry needs to unite in taking urgent action.

Today, there is an opportunity to create a new paradigm through a set of manageable, practical solutions that could break the deadlock and accelerate decarbonisation. Making this happen requires collaboration within the shipping industry itself, across the broader shipping ecosystem and with other sectors.

EXPLORE THE REPORT

Download the report

Explore “Decarbonising Shipping: All Hands on Deck” which outlines a roadmap of how to accelerate decarbonisation of the shipping sector.

Executive summary

Download the executive summary of “Decarbonising Shipping: All Hands on Deck” on how to accelerate shipping decarbonisation.

Media release

Read the media release.

“We know that shipping is one of the harder sectors to decarbonise, which is why we are working with our customers and the wider industry to identify possible solutions. This report shows the urgent effort required by industry to reduce carbon emissions. It stems from Shell’s own ambition to be a net-zero emissions energy business by 2050 or sooner. To achieve that, we need to work with our customers.”

Huibert Vigeveno, Downstream Director of Shell

IN FOCUS

The dilemma of shipping

Shipping is vital to the global economy and never more so than during the global pandemic, keeping up the supply of essential goods.

A solution based on efficiency

The dilemma for the shipping industry is the balance between the need for change and the cost of change.

Unleashing customer power

The scale of the challenge to cut carbon emissions in the shipping industry requires urgent action on many fronts and across the whole industry.

“The research identified the barriers the industry faces, solutions that will drive progress, and how we can work to help accelerate change. We want to catalyse progress towards a net-zero emissions shipping industry and working together will be crucial to implementing these solutions.”

Grahaeme Henderson, Vice President, Shell Shipping & Maritime

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