During the IMO’s 31st Assembly session, shipping stakeholders gathered to discuss about the path towards the 2020 sulphur cap, with the Secretary General’s, Kitack Lim, opening speech calling for concrete action to tackle climate change.
2020 sulphur cap
The Tripartite Forum met in Tokyo discussing the rapidly changing shipping industry and what will follow in the near future, based on the environmental, economic and technological changes that the industry will face. The Forum notes that although the targets are achievable, it is important to implement better and clearer regulation to easier achieve the goals set.
During an interview with Bloomberg, Maersk’s CEO, Soren Skou, talked about all the current issues that the shipping industry is facing, as well as how Maersk will be dealing with the 2020 sulphur cap. As for the ways it will comply with the regulations, its fleet will start using cleaner fuels during December, while the company has already built up stock and supply contracts.
The Singapore Registry of Ships has crossed the 95 million gross tonnage milestone in 2019 and maintained its position among the top registries in the world. The milestone was announced during the ‘2020 & Beyond’, the SRS Forum held by Maritime and Port Authority of Singapore (MPA) on November 8.
During the “2020 & Beyond” conference, MPA Singapore announced its future initiatives concerning the IMO 2020 transition, and its further steps to help shipowners and maritime stakeholders towards sustainability, digitalization and develop skilled maritime professionals.
UNCTAD released the Review of Maritime Transport 2019, presenting a fall in maritime trade growth. Moreover, trade policy crosscurrents, geopolitics and sanctions, environmental worries, fuel economics and tensions regarding the Strait of Hormuz, have all contributed to slower growth in merchandise trade.
The Global Maritime Forum launched its 2019 “Global Maritime Issues Monitor” report addressing shipping’s current issues, from the diversity in maritime workforce to a zero-emission industry, based on the results of a survey of senior maritime stakeholders from 46 countries.
BIMCO’s newly elected president, Turkish shipowner Sadan Kaptanoglu, aims to gather as many as possible shipowners to find a way to protect the environment, discussing the 2020 sulphur cap, the 2050 targets on reducing the GHG emissions and plastic debris.
During the London International Shipping Week major stakeholders of the shipping industry such as BIMCO, ICS, and INTERTANKO, discussed about the future of shipping, focusing on the preparations of the implementation of the 2020 sulphur cap, while also discussing the 2050 target on reducing shipping emissions.
A letter from Maritime UK Chair, Harry Theochari, to the new Prime Minister of the UK, Boris Johnson, highlights the importance of the sector to national prosperity, and identifies key priorities for the UK’s maritime industries. These include protecting freedom of navigation, coastal economic development, decarbonisation, improving the UK’s maritime competitiveness and developing its workforce. The letter also establishes immediate steps the sector wants to see on Brexit.
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