BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.
While it remains a fact that ships’ speed is the single most important variable influencing their CO2 emissions, there are different views as to which regulatory measure is best when it comes to enforcement and achieving the objective of curbing emissions.
Measuring a ship’s speed is not an accurate...