Trafigura's Role in 'Greening' The Shipping Industry

The video discusses the challenges of decarbonizing maritime trade, which accounts for 3% of global CO2 emissions. The IMO has set regulations to reduce sulfur in fuel oil, aiming for a 50% emission reduction by 2050. Trafigura, a major player, is pushing for zero-emission fuels by 2030 and proposes a carbon tax to bridge the cost gap between fossil and green fuels. The industry is ready for this transition, with technologies available by 2025 and significant investment opportunities. Retrofitting ships for green fuels is feasible, and the transition is expected to phase out older fleets naturally.

What percentage of the world's trade is transported by ships?

• 50%

• 60%

• 70%

• 80%

Which organization is responsible for regulating the shipping industry's emissions?

• World Economic Forum

• United Nations

• International Maritime Organization

• World Trade Organization

What is the goal of the First Mover Coalition by 2030?

• 20% of ships using zero-emission fuels

• 5% of deep sea ships using zero-emission fuels

• 10% of ships using zero-emission fuels

• 15% of goods shipped with zero-emission fuels

What is the proposed carbon tax range to help the shipping industry transition?

• $300 to $350 per ton

• $200 to $250 per ton

• $100 to $150 per ton

• $250 to $300 per ton

What is the main challenge in transitioning to zero-emission fuels?

• Limited availability of ships

• Lack of technology

• High cost of green fuels

• Insufficient government support

What is the cost range for retrofitting ships to handle hydrogen-based fuels?

• $20 to $50 million

• $1 to $5 million

• $50 to $100 million

• $5 to $20 million

What type of engines have become more common in recent years for ships?

• Dual fuel engines

• Nuclear-powered engines

• Electric engines

• Solar-powered engines