SHANGHAI IS EXPECTED TO BECOME THE WORLD'S LEADING GREEN SHIPPING CENTER

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  • Time of issue:2023-11-06 16:11
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(Summary description)Many port cities around the world have ambitions and plans to transform into green shipping centers, and Shanghai is uniquely positioned to be a pioneer and develop into a leading global green shipping center," he said.

SHANGHAI IS EXPECTED TO BECOME THE WORLD'S LEADING GREEN SHIPPING CENTER

(Summary description)Many port cities around the world have ambitions and plans to transform into green shipping centers, and Shanghai is uniquely positioned to be a pioneer and develop into a leading global green shipping center," he said.

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2023-11-06 16:11
  • Views:
Information

 

"Many port cities around the world have ambitions and plans to transform into green shipping centers, and Shanghai is uniquely positioned to be a pioneer and develop into a leading global green shipping center," he said. Shanghai has the world's largest container port, if there is a green fuel supply and infrastructure, many of the green fuel vessels ordered today will naturally be deployed in Shanghai. In this regard, we have the following suggestions:


First, work closely with industry players to synchronise planning with other leading global ports such as Rotterdam and Singapore to build green fuel refuelling facilities, including the required storage facilities as well as refuelling vessels for efficient synchronous operation of vessels (SIMOPS).


Secondly, it is consistent with international practices in terms of safety standards and operating procedures (Sops).


Third, assess tax regulations to ensure a competitive supply of green methanol produced or imported into China.


Finally, consider developing a decarbonisation scheme for shipping similar to the EU Emissions Trading System and establishing incentives for the use of green fuels, which would drive investment in green methanol production in China."


He stressed that the production of green fuels and chemicals will become one of the biggest industrial development opportunities in China's history. To produce 100 million tons of green methanol would require investments of up to $500 billion, which would benefit producers, renewable and hydrogen energy developers, and other participants in the value chain.

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