AsiaDry CargoEnvironment

Eastern Pacific details no coal cargo policy

Idan Ofer-controlled Eastern Pacific Shipping (EPS) has revealed it has instituted a ‘No Coal Cargo’ policy with other owners now contemplating whether they should be driving environmental change by banning certain cargoes.

EPS no longer carries coal as cargo on any of its commercially managed vessels.

In its latest environmental guidance, EPS referred back to last year’s COP26, a major climate summit, which resulted in the Glasgow Climate Pact, the first agreement that specifically targets the phasing down of coal.

Decarbonisation isn’t exclusive to how we move ships – what we move also matters

“Phasing down coal usage will significantly lower CO2 emissions as the world transitions to cleaner energy solutions. To support this transition, vessels commercially managed by EPS will follow a No Coal Cargo Policy,” EPS stated.

EPS revealed it has not carried coal as cargo on its commercially managed dry bulk fleet since April, 2020.

“By officially implementing a No Coal Cargo Policy, EPS hopes to play a small role in making the commodity no longer economically viable, therefore increasing the demand for greener options. EPS’ No Coal Cargo Policy also aims to be a message to the maritime industry that decarbonisation isn’t exclusive to how we move ships – what we move also matters,” EPS stated.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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