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Posidonia Forum: Priorities for an industry in the spotlight

This year’s Lloyd’s List Posidonia Forum goes behind the headlines to ask shipowners and operators how they balance the immediate demands with future expectations

Besieged by external and internal challenges, shipping needs to decide on its priorities. The Lloyd's List Posidonia Forum discusses what must be tackled now

FEW would doubt that the future of shipping lies in embracing the shift towards decarbonisation and digitalisation.

It has become increasingly clear that new technologies and alternative fuels currently under development will change the shape of shipping for ever.

The problem is not whether the industry will reduce its greenhouse gas emissions, but how quickly. But this is not the only decision fighting for top slot on company directors’ agendas.

Since the beginning of the year, shipping has had to get to grips with geopolitical tension between the world’s largest economies, protect staff and offices from the ravages of a global coronavirus pandemic, deal with a crew repatriation dilemma that has been described as a humanitarian crisis, all while trying to keep tabs on the old issues of recruiting the next generation, diversity, and so on.

In essence, the problem comes down to an industry balancing the responsibility to stay profitable day by day at the same time as holding a vision of a better future. It is a hard task made even more difficult by a virus that has stopped the industry networking as it used to.

This year’s Lloyd’s List Posidonia Forum goes behind the headlines to ask shipowners and operators how they balance the immediate demands with future expectations.

Rather than assessing the particular merits of alternative fuels or analytical technology, we want to discover whether it is possible to create an environmental paradise and stay in profit.

Shipowners Petros Pappas, Ioanna Procopiou, and Sadan Kaptanoglu — who is also President of BIMCO — join Chief Correspondent Richard Clayton in a discussion of shipping in the spotlight.

Which of the many ‘priorities’ is seen by the panellists as having a limited impact and which will be industry-changing?

Can these issues be solved company-by-company or will they need a more collaborative approach? If so, who are the leaders?

Join the event on October 26 to hear how the shipping industry is handling shocks from within as well as from outside. This is a critical moment for the industry, which could emerge even stronger and more focused or alternatively could find itself unable to take any decisions of significance as the clock ticks down to 2030 and 2050.

Register now for the Lloyd’s List Posidonia forum here.

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