WITH geopolitical risk changing seemingly by the day and policy from the world’s biggest economy updated on a weekly (and sometimes hourly) basis, it might seem impossible for the shipping industry to plan long-term. 

While this is a sector which thrives on volatility, when assets have 20-year lifespans, some degree of certainty is essential to make prudent long-term decisions. 

So how can shipowners decide where to put their money when the ground they shift on is always moving? 

Richard Meade led an assembled panel of some of the brightest minds in the industry at Singapore Maritime Week for the latest Lloyd’s List Outlook forum, and in this week’s episode of the podcast we’re bringing you the best bits. 

Joining Richard in Singapore were: 

Janeyndu Krishna, head of maritime advisors at Drewry
Nick Brown, chief executive at Lloyd’s Register 
Eman Abdallah, global operations director at Cargill Ocean Transportation
Mikel Skov, chief executive at Hafnia
Captain Rajesh Unni, founder and chief executive of Synergy Group 


The Lloyd’s List Outlook Forum: Live from Singapore

In the tenth episode of TechMarketView's sustainability technology podcast "Totally Sust", Principal Analyst Craig Wentworth talks to Faith Taylor (Senior Vice-President for Global Citizenship & Sustainability at Kyndryl) about how the company is decarbonising its infrastructure and helping customers reduce their own greenhouse gas emissions.

Tune in to hear how Kyndryl integrated decarbonisation into its business strategy from day one, successfully reducing Scope 1 and 2 emissions by 8% and water use in stressed areas by 9%. Faith shares valuable insights on aligning sustainability with business growth, making the financial case for environmental initiatives, and building Kyndryl’s "Green Guild" of nearly 500 employee volunteers who drive innovation from the ground up.
This is an edited version of the podcast. Subscribers to TechMarketView’s SustainabilityViews research can listen to (and download) the full-length 29-minute version from our website. See https://www.techmarketview.com/videos/totally-sust-10-pairing-sustainability-with-profitability for more details.


Totally Sust #10: Pairing sustainability with profitability [EDIT]

On Friday, some 20 years of decarbonisation work at the International Maritime Organization culminated in a historic agreement, with countries voting 63-16 in favour of an emissions fuel standard with a built-in carbon price.

If it Is formally adopted in October, this will be the first binding global carbon price on any industry; a genuinely momentous achievement that will change the future of shipping.

What they’ve come up with is highly complex and is going to take the industry a while to fully digest.

But fear not, we have three brave experts willing to help make sense of it and tell us, hopefully, what comes next.

Marie Fricaudet is a senior research fellow at the UCL Energy Institute

Aoife O’Leary is a lawyer, economist, and the chief executive of Opportunity Green

And Rico Luman, a senior sector economist at ING Bank

The MEPC post-mortem

The EU’s two big green regulations on shipping have had many consequences, whether intended or otherwise. But their original purpose was as a threat.

Four years ago the International Maritime Organization had been dragging its feet on agreeing any kind of meaningful limits on CO2 from ships. So Brussels effectively told the regulator: reduce your emissions, or we will.

The European Commission extended its emissions trading system to cover half of emissions from voyages to and from the EU. It also pitched a green fuel standard called FuelEU Maritime, which fines companies unless they phase in greener fuels over time.

The ETS started at the beginning of 2024 and the first credits are due to be handed over by September 30. FuelEU is being phased in too, with its own set of deadlines in the coming years. Shipping has been preparing ever since.

But now the EU could be close to getting its original wish.

A global net zero framework for cutting emissions is on its way from the IMO, though it needs to be formally adopted in October.

So, now we have a global regime on the horizon, shouldn’t Europe fall into line?

The commission has said will consider changing its ways – if it considers the IMO system ambitious enough for the planet. So, what will it do?

Joining Declan on this week's podcast are: 

Magda Kopczyńska, Directorate-General for Mobility and Transport, European Commission 

Simon Bennett, Deputy Secretary General, International Chamber of Shipping

What next for the ETS?

This week, we are discussing the co-benefits of the Warm Homes Plan, how to balance net-zero targets with community needs, and the unique challenges of heat decarbonisation. Louise Shooter, Head of heat decarbonisation at Energy UK helps us to explore this. This podcast was hosted by FST volunteer, Geena Goodwin.

Louise Shooter - The human aspect of net-zero targets

Why is the shadow fleet growing? Why do Chinese owners continue to sail their vessels through the Red Sea? And what happens if the International Maritime Organization does not adopt the Net-Zero Framework next month?

In an age where uncertainty is simply part of doing business, Lloyd’s List gathered some of its expert analysts and journalists to brief selected guests on the key issues of the day during London International Shipping Week.

Listen to the highlights of the event in this edition of the Lloyd’s List podcast. If you want to learn more, you can download the slides produced by our expert panel, featuring Lloyd’s List Intelligence data and figures.

Featuring on this episode are:

Richard Meade, editor-in-chief, Lloyd’s List 

Bridget Diakun, senior maritime risk analyst, Lloyd’s List 

Cichen Shen, APAC editor, Lloyd’s List 

Declan Bush, senior reporter, Lloyd’s List

How to navigate risk amid uncertainty

This episode of the Lloyd's List Podcast was brought to you by Veson. Visit veson.com for more information.

In just over a week’s time the International maritime Organization will take what could be one of the most consequential votes shipping’s history. 

At an extraordinary meeting of the Marine Environment protection Committee, IMO member states will vote on whether to formally adopt the net zero framework agreed at MEPC83 in April. 

A yes would see shipping adopt the world’s first legally binding carbon price. 

A no would undo years and years and work and dump the industry back where it started. 

Lloyd’s List senior reporter Declan Bush explains what will actually be voted on next weekand outlines the consequences of a yes vote, and perhaps more pertinently, what happens if the answer is no.


Everything you need to know ahead of MEPC

One week on from the extraordinary meeting of the Marine Environment Protection Committee at the IMO, and many in shipping are still asking themselves the same question: what on earth happens next?

Here at Lloyd’s List we’ve been busy gathering the thoughts of as many people as possible from across the sector to help answer that question.

Earlier this week, Declan Bush explained what actually went down on a crazy Friday afternoon last week at the Albert Embankment, giving a blow by blow account of how the US and Saudi Arabia were able to successfully postpone the vote on the Net-Zero Framework for an entire year.

But now we’re looking at what comes next. Can the IMO come back around the table next year and get consensus on the world’s first carbon price? Or are the divisions simply too great to heal?

Joining Joshua on the podcast are:

Arsenio Dominguez, secretary-general, International Maritime Organization (IMO) 

Tristan Smith, professor of energy and transport, UCL

Emma Scheiris, deputy director of environment, INTERTANKO 

Stuart Neil, director of strategy and communications, International Chamber of Shipping

For more information on how Lloyd's List Intelligence can help you navigate the emissions reporting landscape, follow this link: https://www.lloydslistintelligence.com/products/seasearcher/emissions

MEPC83: What on earth happens next? With Arsenio Dominguez

TALK long enough about green shipping scenarios and sooner or later all roads lead to Africa. Africa’s renewable energy potential, particularly in solar and wind, is vast and largely untapped, which explains why green energy investment in Africa is booming.

Imports of solar panels, largely from China, are up 60% in the past 12 months alone. While that is from a relatively low base, the investments are coming thick and fast when it comes to clean fuel production.

Given the collapse of the Net-Zero Framework at the International Maritime Organization and the context of a somewhat lacklustre COP out in Brazil, you may well be asking yourself: “why am I listening to yet another decarbonisation diatribe?”

Regardless of the headline political headwinds, the business case for green shipping projects continues to be relevant. And if you’re looking for some optimism to get you through some admittedly uncertain times when it comes to shipping’s decarbonisation agenda, Africa is good place to start.

This week’s episode of the podcast travels to Namibia and South Africa, via a green corridor into Europe, to understand why Africa could hold the key to shipping’s decarbonisation.

Joining Richard on this week’s podcast are:

Alexander Saverys, chief executive, CMB.Tech 
Jesse Fahnestock, decarbonisation director, Global Maritime Forum
James Mnyupe, senior vice-president sub-Saharan Africa, Thyssenkrupp
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Learn more about Lloyd's List Intelligence: www.lloydslistintelligence.com/


The optimist’s business case for an African green shipping revolution

CLIMATE diplomacy is not dead, but it’s not looking too healthy right now.

A month after the International Maritime Organization’s Net-Zero Framework was put on life support for a year in the hope that a cure could be found, many of the same politicians, negotiators, non-governmental organisations, claques and hacks still reeling from that setback headed to Brazil for this year’s COP climate summit.

A push by more than 80 countries for plans to quit fossil fuels ultimately failed, but states did manage a less ambitious agreement to keep the wheels from falling off.

So where does that leave shipping?

“Not dead yet” is hardly the rallying cry that will spur a generation of bold zero-carbon innovation and investment.

We gathered insights from people who were in the thick of the COP negotiations for shipping, and where the IMO discussions leave us and what happens next.

Joining Richard on the podcast this week are:

Ellie Besley-Gould, chief executive of the Sustainable Shipping Initiative
Katharine Palmer, shipping lead at the UN High-Level Climate Champions team
Christiaan De Beukelaer, senior lecturer in culture and climate at the University of Melbourne and author of ‘Trade Winds’
Beatriz Martinez Romera, associate professor of environmental and climate change law at the University of Copenhagen

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Learn more about Lloyd's List Intelligence: www.lloydslistintelligence.com/

Has the green transition been blown off course?

A blend of interviews and analysis from one of the most influential analyst and advisory firms in the UK tech market.

www.techmarketview.com

Lloyd’s List is the world’s leading source of insight, analysis and data for shipping businesses and professionals

The Foundation for Science and Technology podcast - exploring issues of science, technology and innovation with experts from government, parliament, industry and the research community.

New tracks tagged #decarbonisation