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Displaying items by tag: Future of Shipping

Global shipping has announced an unprecedented cross-industry event, to be held during COP26, bringing together leaders in shipping, energy, politics and finance to discuss maritime decarbonisation efforts.

The event to be held in Glasgow on 6th November, as part of COP26, ‘Shaping the Future of Shipping’ will assemble industry heavyweights and external experts to tackle the challenges which face shipping’s vital route to decarbonisation.

The ministerial level, day-long, event will feature some of the world’s leading figures on decarbonisation from across the globe to address key strategic issues in shipping’s rapidly evolving decarbonisation journey.

The event is taking place at the University of Strathclyde’s Technology & Innovation Centre, home to the UK’s Maritime Safety Research Centre and a world-leading centre of marine technology research. Discussion topics will include: the removal of carbon-heavy fuels from a traditionally ‘hard to abate’ sector; securing equitable decarbonisation frameworks to benefit developing countries; and the reduction of financial risk from shipping transformation so action can urgently be taken to curb emissions today.

The conference will demonstrate the critical importance of immediate action and cross-sectoral collaboration for the energy transformation of shipping. Shipping titans will lead a ‘Meeting the Challenge’ panel for attendees, while logistics giants will bring the perspective of wider supply chain leaders.

An exclusive ministerial round table will be held during the event to discuss areas such as policy and frameworks, innovation infrastructure, and financing energy transformation.
Emanuele Grimaldi, President & Managing Director of Grimaldi Euromed SpA commented:“A holistic approach is essential for the decarbonisation of the shipping industry. Only with international, cross-sectoral collaboration can we deliver an equitable carbon transition for shipping.

“We have heard the calls from environmentalists and the public that we need action rather than words. This meeting can catalyse a transformation agenda by reaching beyond just the industry itself to engage key players in the global supply chain.”

Jeremy Nixon, CEO of Ocean Network Express, commented:“We are coming together at a critical time to seek consensus on a clear regulatory and technical roadmap. And to support our joint global environmental needs and universal industry supply chain trading requirements.”
Esben Poulsson, Chairman of the International Chamber of Shipping concluded: “This meeting must be about the reality of change and the difficult decisions that need to be taken at COP26. We must reduce political risk so the shipping industry and the maritime supply chain can increase the speed and scale of transformation.

“With COP taking place shortly before the important International Maritime Organization meeting on decarbonisation, we see this gathering as a major opportunity to garner the political leadership needed to advance the agenda on R&D and the creation of a global market-based mechanism to drive decarbonisation.”

Sponsors already confirmed include the American Bureau of Shipping, Grimaldi Group, Lloyds Register, NYK Line, Ocean Network Express, and Stena. Details of speakers and attendees at the ‘Shaping the Future of Shipping’ event will be announced in due course.

To discuss opportunities to take part in the event, please click this link and scroll down to page end for contact emails.

Published in Ports & Shipping

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!