Speaking at the World LNG Fuels Conference, Cordero referenced an annoucement from the classification society Det Norke Veritas last month that it had approved in principle a design by Kawasaki Heavy Industries of a 9,000-TEU containership fueled by LNG.
In August, the Great Lakes Maritime Research Institute received a five-year cooperative agreement with the Maritime Administration to address environmental issues that face shipping and marine transportation.
Cordero noted LNG is being used to power drayage trucks at the Port of Long Beach where he was a commissioner before joining the FMC.
The international ocean shipping industry accounts for about 3 percent of global greenhouse emissions, sufficient “if it were a country, to ranking 7th in world emissions,” he said. “From a policy perspective, I believe the industry leaders are sensitive to their commitment to addressing carbon emissions. This mindset has been accelerated by the belief of many that oil will be an increasingly a scarce commodity, or at the very least, an expensive commodity.
“Clearly, everyone in the industry would agree that there is a continued high cost of diesel fuel including the lowest grade used by the international carriers – bunker fuel,” Cordero added. “It should be noted that 90 percent of global trade is carried by sea thus furthering a policy for the use of LNG fuel by international carriers is not only paramount in reducing the carbon footprint by the industry, but clearly would have a global impact that requires present day commitment by the various stakeholders.” — Chris Dupin
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now