After the successful Shipping event in February 2017, the BNP Paribas Fortis Chair Transport, Logistics and Ports hosts a second shipping event.
“Regulation and its impact on investment decisions in the shipping industry and beyond”.
Date: Oct 22th, 2019 – starting 15h00
Rational? Over the course of the coming decades, maritime transport could increase particularly as world’s population is anticipated to increase; and subsequently, consumption will continue to grow. To cope with the expected increase in pollution, new environmental rules and regulation are being introduced at a faster pace. On 1 January 2020 amendments to the International Maritime Organization’s (IMO’s) International Convention for the Prevention of Pollution from Ships (MARPOL) enters into force. IMO estimates that up to 70,000 ships will be affected by this stricter regulation (i.e. the amount of sulphur allowed in bunker fuel from 3.5% to 0.5% by 2020). Although the focus is now on regulations of Sulphur oxide (SOx) emissions, upcoming regulation on emissions of CO2 and NOx also needs attention. In addition, the shipping industry have until September 8, 2024 (US regulations by January 1, 2021) to comply with the Ballast water Convention (adopted in 2004, entry into force 2019). Regarding ship recycling, the potential entry into force of Hong Kong Convention is to be expected in 2020. To improve the shipping industry’s environmental profile, here, regional (e.g. EU) and local rules are in some cases even stricter. Clearly, competitive advantage will be directly linked with environmental performance of the shipping industry. And how will the actors in the maritime supply chain be affected by it?
The shipping industry are forced to make investments decisions: investing in a new ship, installing approved emission abatement technology (scrubbers, filters,…) on existing ships, opting for alternative fuels (LNG, Hydrogen), making choices of ballast water treatment systems, taking into account ship recycling, … Or is cold ironing (onshore power supply) an alternative solution? Complying with the new regulations therefore involves more spending than shipping has ever had to face. Will the first movers be able to benefit from a competitive advantage?
Aim? To eliminate the ’blind spot’ related to the impact of regulation on the whole maritime chain
What? High level management from the shipping industry (tramping, (container) liner shipping) enter into dialogue with the actors of the maritime chain and discuss case studies that can lead to sustainable co.innovation. As, challenges also bring about opportunities.
Concept: After the keynote speeches (academia, government (IMO)) and presentation of best practices by the industry, a panel discussion with people from the shipping industry, policy (EC), stakeholders of the maritime chain and the academic world will be scheduled. A network drink will close the event
Audience? Ship owners, owners’ and time charterers, shipping associations, shippers, stakeholders maritime supply chain, freight forwarders, financial sector, marine insurance, dredging industry, ship building industry, technology companies, policy, Energy sector, bunkering firms, consultants, lawyers and (PhD)students