During the 2020 GREEN4SEA Athens Forum, Mr. John N. Cotzias, Projects & Finance, Xclusive Shipbrokers, provided an overview of the developments up until the 2020 sulphur cap, as well as current developments, and estimations about the future, considering implications due to COVID-19 pandemic.
2020 sulphur cap
The Chairpersons of the Round Table of international shipping associations (RT) gathered in Rome in February, aiming to discuss current issues the industry is facing, and coordinate efforts going into the new decade, which is considered to be one of the most important in shipping’s history.
A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound in two months, forecasting that the fallout of the coronavirus on global trade may soon peak.
If we had to choose one – or maybe two – words to describe 2019 for the shipping industry, these would be: human-focused. Despite the fact that 2020 sulphur cap was on everyone’s mind this year, we saw many significant developments in key human areas. From mental health issues, to women in shipping and safety culture, the industry seems to be putting its people first, trying to boost equality and – most importantly – safety.
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.
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.
Beirut port closed06/08/2020
Container casualty causes in the spotlight06/08/2020
Australia risks clogged ports with over-contract seafarers stopping two ships06/08/2020
Benin to allow foreign Armed Security Teams on board ships06/08/2020
Maritime Autonomous Surface Ships initiative launched06/08/2020
Oman bans open loop scrubbers06/08/2020
Simulator training moves to the cloud to continue seafarers training06/08/2020
- Maritime Health
Update 06 August: Live map depicts spread of coronavirus06/08/2020
More actions needed to control slips, trips and falls onboard05/08/2020
- Women in shipping
Career Paths: Karine Langlois, IMO05/08/2020