Shipping as Key Factor to Green Growth Rio + 20 IMO Side Event, 20 June 2012 Shipping as Key Factor to Green Growth David Tongue Director Regulatory Affairs International Chamber of Shipping (ICS)

International Chamber of Shipping International trade association for shipowners Member national shipowners’ associations from 36 nations Represents all sectors and trades and 80% of world fleet

IMO in Action IMO in session in London

Shipping is Lifeblood of World Trade

Gallon of Petrol at the Pump Typical shipping cost Arab Gulf - US (crude) $US 0.01

Ships are very CO2 efficient

Global Rules for a Global Industry IMO in session in London

Reduction in Major Oil Spills Average spills per year over 700 tonnes Source: ITOPF

Improvements Impressive Given Growth of World Trade

IMO is a Model of Efficiency Flag States like Bahamas, Liberia, Marshall Islands among top performers alongside OECD

IMO Rules Enforced through Global Flag State and Port State Control Two out of three seafarers from developing nations

preventing pollution from: IMO MARPOL Convention preventing pollution from: Oil Chemicals Dangerous Packaged Goods Sewage and Garbage Sulphur and Nitrous Oxides And CO2

Other IMO Conventions and Codes: Ballast Water Management, TBT Paints, Use of Halons, Environmental Management..

Global Rules for a Global Industry IMO in session in London

Rio + 20 Conclusions? Shipping is safe clean and efficient but committed to continuous improvement IMO is a very effective regulator, which governments must support Global rules for a global industry Shipping is engine for green growth (carrying about 90% of world trade)

Thank you