Eleven ocean carriers have officially launched the Trident Alliance as a vehicle to encourage regulatory authorities to vigorously enforce international standards on sulfur emissions from commercial vessels.
The carriers are motivated by concerns that some competitors are evading requirements to use lower sulfur fuel, especially in Emission Control Areas off of Europe. Lower sulfur fuel is more expensive than regular bunker fuel, but the price spread is expected to widen considerably in coming years as standards tighten even more and demand increases for a product in limited supply. Carriers that get away with using more polluting fuel will gain a huge advantage in terms of lower costs that will support better customer pricing and profit potential, according to Trident.
The group held organizational meetings this spring and has now received commitments from the charter members to support the mission of ensuring industry-wide compliance with environmental air quality rules.
The Trident Alliance members are:
- American Roll-on Roll-off Carrier
- EUKOR Car Carriers, Inc.
- Höegh Autoliners
- J. Lauritzen
- Torvald Klaveness
- Wallenius Wilhelmson Logistics
The Trident Alliance said several other companies are in the process of joining and will be announced when they file letters committing to support robust and transparent enforcement of the sulfur regulations, and to comply with the rules themselves.
Roger Strevens, vice president environment at Wallenius Wilhelmsen Logistics, has been elected chairman of the Trident Alliance.
“Robust enforcement of sulfur regulation is needed for health and the environment and, from the perspective of maintaining a level playing field, it is a business imperative. Already during its formation, the Trident Alliance has raised awareness of the current shortcomings of enforcement and related consequences, particularly in the European Emission Control Area. Now our work starts in earnest," he said in a statement.
Trident said it will use a variety of tools to raise awareness of the emissions enforcement issue, share its own members' compliance data, and promote research and development of enforcement technologies.
(For in-depth analysis of the challenges facing the maritime industry from new International Maritime Organization emissions requirements, read the feature story "Going after dirty cheaters
" in the July issue of American Shipper