Eagle Bulk Joins Decarbonization Coalition

January 14, 2020

The US-based dry bulk carrier Eagle Bulk Shipping has joined industry group the Getting to Zero Coalition.

The group is an alliance of over 90 companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization's greenhouse gas emissions reduction strategy and the UNFCC Paris Agreement.

Gary Vogel, Eagle Bulk’s CEO, said, “We are constantly working on improving energy and operational efficiencies at Eagle, and while these will continue to be critically important, on their own, they will not be enough to meet the paradigm shift to zero emission fuels required to meet the IMO’s 2050 target."

Gary added: "We are excited to join like-minded companies in supporting the Coalition and look forward to engaging with all stakeholders to achieve the shared vision of commercially viable and scalable solutions that will enable zero emission deep-sea vessels to be on the water by the end of this decade.”

With Eagle Bulk's arrival the coalition's membership totals more than 90 companies seeking to cooperate in the process of decarbonizing the shipping industry.

Logistics News

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Syria Signs New 30-Year Deal with CMA CGM

Syria Signs New 30-Year Deal with CMA CGM

Adani Ports Sees Higher FY26 Revenue Growth on Robust Volumes

Adani Ports Sees Higher FY26 Revenue Growth on Robust Volumes

Subscribe for Maritime Logistics Professional E‑News

Turkey maintains its commitment to the contested "Kanal Istanbul" project
JSW Infra, India's JSW Infra, posts 54% increase in quarterly profit due to higher coal volume
Russian ESPO Blend oil shipping rates are at their lowest level since January, traders report