The Chamber welcomes the decisions taken last week at the meeting of the 80^th Session of the IMO Marine Environment Protection Committee, on the 2023 IMO Strategy on Reduction of Green House Gas Emissions from Ships, that will see the shipping industry reach a net-zero GHG emissions target by 2050.

The targets set in the Strategy are ambitious and the real challenge now starts. Developing the measures that will see our industry reach both the set 2030 and 2040 checkpoint targets and the overall 2050 net-zero GHG emissions target, will require hard work and expert input to ensure that, while the measures will achieve the targets, at the same time they will also be pragmatic and implementable to allow the shipping industry to continue to serve the world economy and global progress on the way to achieving the 2050 target.

The Chamber will now concentrate on providing input on the IMO work to develop the necessary measures.

The Chamber participated at MEPC80, with our Marine Manager, Mr. Alexandros Josephides, as part of the Shipping Deputy Ministry delegation, whom we thank and congratulate for their cooperation and active participation in the deliberations of MEPC80.