Decarbonisation
Overview
With the IMO’s goal to reduce annual greenhouse gas emissions by at least 50% by 2050 and carbon intensity by 40% by 2030, decarbonization has become the buzzword in shipping today. What actions should the different shipping organizations be taking to prepare for these new regulations?
Learnings
- The roadmap for decarbonisation requires the collaboration of the whole shipping ecosystem. How can we achieve coordinated industry engagement?
- How to motivate stakeholders and create behavioural changes, discuss the impact of market and customer demand, regulatory incentives and technological alignment
- Conflicting views on fuel usage and future technology ship designs impact fleet development and hinder strategic decisions. What role do global regulators play in pushing technologies forward?
Post Event Actions
- Assess whether your organisation has a roadmap to 2030 including key short, medium and long term goals
- Engage with key customers and stakeholders that share similar commitments to achieving these goals. Build on pilot schemes and sharing of data.
- Organisations that show leadership in the early phases of the transition will be reap the early benefits of such actions. Coordinated tracking of this progress increases visibility and transparency.
Speakers
MODERATOR
Tabitha Logan
Director
YPSN & The Captain's Table
Tabitha Logan
Director
YPSN & The Captain's Table
Tabitha has over a decade of legal and commercial knowledge in the drybulk shipping industry. She has worked for leading shipowners in Asia for the past 10 years, managing their handysize fleet trading worldwide. In addition, she is the Director of YPSN and The Captain’s Table, a platform bringing startups and the industry together to collaborate on issues such as decarbonization and sustainability.
My Sustainability Goals for 2021:
Facilitate open and collaborative dialogue between the shipping industry and startups looking at decarbonization solutions. Set a good example to my children on sustainable behaviors and environmental awareness.
Martin Cresswell
Technical Director
Hong Kong Shipowners Association
Martin Cresswell
Technical Director
Hong Kong Shipowners Association
Martin is a Marine Engineer who has over 40 years’ experience, operating, managing and building deep sea merchant ships. Prior to joining the Hong Kong Shipowners Association. as Technical Director he was a Board Member of the “China Navigation Co Pty Ltd” , Swire Group’s, deep sea shipping company, who fully supported Martin’s efforts building and operating ships with the lowest possible CO2/tonne/mile.
My Sustainability Goals for 2021:
Supporting Hong Kong Shipowners Association Members in meeting the challenges of the decarbonisation of shipping by providing timely technical and regulatory assistance.
Spencer Liu
Associate Partner
McKinsey & Company
Spencer Liu
Associate Partner
McKinsey & Company
Spencer is an Associate Partner at McKinsey & Company, based in Hong Kong. He advises clients in transport, logistics, infrastructure, and energy industries, with areas of expertise in sustainability, climate change, low-carbon transitions, ESG, strategy, and business transformations.