Maersk Tankers signs up to Sea Cargo Charter

Maersk Tankers’ CCO Eva Birgitte Bisgaard has called the Sea Cargo Charter ‘groundbreaking in what it can unlock’ following the company’s decision to sign up to the emissions reporting initiative.

The tanker company has become the latest signatory to the charter which comprises some of the world’s largest energy, agriculture, mining, and commodity trading companies, including Shell and Trafigura.

Introduced by a coterie of charterers in October 2020, the Sea Cargo Charter offers a global framework for measuring climate alignment as per the policies and ambitions of the International Maritime Organization (IMO) that call for a reduction in the total annual greenhouse gas emissions by at least 50% by 2050 compared to 2008. It establishes a common baseline to quantitatively disclose chartering activities and assess them against set climate goals.

Bisgaard said: ‘You can only solve the CO2 problem when you have a shared understanding of what that problem is. This is why the Sea Cargo Charter is immensely valuable.’

Bisgaard added: ‘We will be able to gather data and report on behalf of our partners on an ongoing basis and ensure they comply with latest regulations.’

Maersk Tankers’ involvement in the Sea Cargo Charter will be as a secondary party. As a service provider, and through Contract of Affreightment, the company has access to cargo and data which it says can ensure it is in keeping with the SCC through required processes and contractual changes.

Bisgaard said: ‘In this fragmented industry, we can be a gathering party and help shipowners comply with [the] Sea Cargo Charter by helping them secure the information, data points and reporting stats needed. We can make a real impact as we help our existing and new pool partners to fulfil reporting requirements from cargo owners, making sure their activities are monitored and reported.’

Bisgaard added that the Sea Cargo Charter is an ‘important step’ to decarbonisation.

As a signatory, said Bisgaard, ‘Maersk Tankers commits to advance environmental stewardship throughout the maritime value chain.’

The company will implement the Charter internally through policies, procedures, and standards. Maersk Tankers will annually measure emissions from its chartering activities and publicly report how these meet IMO targets.

Rhys Berry

Rhys Berry