Wallenius Wilhelmsen welcomes recent IMO agreement, reiterates its own net-zero by 2040 ambition

Wallenius Wilhelmsen (WW) has welcomed the IMO MEPC 83 agreement on mud-term measures to limit the greenhouse gas intensity of marine fuels as historic and as a deal that brings important clarity.

It builds on the Green Balance Mechanism, which WW has supported, putting a price on emissions and encouraging the use of alternative fuels. 

“I am pleased that IMO managed to land an agreement. That is a breakthrough for our industry, and I believe this creates a good framework to work from,” Lasse Kristoffersen, CEO, comments.

“But the agreement and ambition level are nowhere near being good enough to deliver on the fast decarbonisation needed. For us, this means that it is more important than ever to keep the foot on the accelerator towards net-zero 2040."

In practical terms, the new regulations mean Wallenius Wilhelmsen will have to start developing compliance strategies for its vessels, in combination with our existing plans for increased use of low carbon fuels. Its existing plan for phasing in more alternative fuel is already aligned with the compnay’s net-zero by 2040 ambition, which is more ambitious than the new IMO regulation. 

IMO regulations come in addition to existing EU regulations and will increase complexity overall, WW adds.