President Biden claims to be “viscerally angry” about the container lines who he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei President and CEO of the World Shipping Council John Butler.

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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

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The Gulf of Guinea has been a persistent problem when it comes to maritime security and there is good reason to be concerned that 2019 is only going to get worse. This week’s podcast examines the security situation for shipping talking to Bimco’s head of security Jakob Larsen and Senior Maritime Analyst at Control Risks, Cormac Mc Garry.

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