CIFFA Forwarder Spring 2025

25 THE FORWARDER | SPRING 2025 the phased implementation of fuels with lower GHG intensity, alongside a global maritime GHG emissions pricing mechanism. Key components of this strategy involve the introduction of economic measures such as a carbon levy or fuel tax on marine fuels, proportionate to the greenhouse gases they emit, there by incentivising the use of lower-carbon alternatives. FIATA has submitted a document to the IMO outlining key considerations regarding the implementation of a carbon levy, particularly its potential impact on freight forwarders. FIATA’s submission builds on ongoing work within FIATA’s Working Group Sea to support freight forwarders in these developments whilst ensuring a fair and level playing field in the maritime supply chain. New report shows that Green Shipping Corridors will need additional support under a global fuel standard: study Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly – but not sufficiently – according to a new report published by UMAS, UCL and the Global Maritime Forum (GMF). Titled ‘Building a Business Case for Green Shipping Corridors’ the report looks at the significant commercial challenges associated with green shipping corridors, how these could change under futureregulation, and what additional support may be needed to ensure the viability of such projects. Green shipping corridor projects – which focus on initiating the maritime value chain for scalable and sustainable fuels such as hydrogen-derived e-ammonia and e-methanol – have thus far faced an insurmountable cost gap. Against the backdropofan evolving global and regional policy landscape, the business case for such first mover initiatives will begin to improve, but targeted support will be needed to ensure uptake of e-fuels. The report is available online: https://www.umas.co.uk/wp-content/uploads/2025/02/ Building-a-Business-Case-for-Green-Shipping-Corridors.pdf Green Shipping Corridor Program announces new funding • Up to $25 million in funding has been announced by the Government of Canada for the Halifax Port Authority to accelerate the transition to more sustainable maritime infrastructure and enhance supply chain efficiency. The investment includes $22.5 million under the Green Shipping Corridor Program to develop a green shipping corridor between Halifax and Hamburg. The funding will help to prepare the port to accommodate and eventually refuel vessels with alternative fuels, establish a hydrogen production facility, electrify port equipment, and acquire an electric rail locomotive to encourage freight transport by train. • The Government of Canada has also announced an investment of up to $35.5 million to support three projects in British Columbia aimed at decarbonizing the maritime sector along the province’s coast. This funding, provided through the Green Marine Corridors Program, will support the adoption of clean technologies and infrastructure at Canada’s West Coast ports. It aims to help to increase clean energy and transportation infrastructure at ports and terminals, install shore power technologies to reduce emissions from ships at dock, as well as prioritize low-emission, low-noise vessels to minimize their environmental impact in port areas. OVER 270,000 SQ. FT OF STORAGE CAPACITY PLUS DE 270 000 PI 2 D’ENTREPOSAGE Head Office / Siège social 7055, Notre Dame Est Montreal, Quebec H1N 3R8 THE CLOSEST CFS BONDED WAREHOUSE TO THE PORT OF MONTREAL ENTREPÔT SOUS-DOUANE LE PLUS PRÈS DES INSTALLATIONS DU PORT DE MONTREAL INTERMODAL SPECIALIST SPÉCIALISTE DE L’INTERMODAL 4 IDEAL CROSS DOCKING LOCATIONS 4 EMPLACEMENTS IDÉALS POUR VOS TRANSBORDEMENTS www. groupe-lafrance .com 514 254-6688 1 800 563-1127