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Global Maritime Forum focuses on safe, sustainable solutions

MARITIME experts met recently to discuss some of the major challenges facing shipping at the Global Maritime Forum's 2019 annual summit in Singapore to 'unleash the potential of sea borne trade and increase sustainable long-term economic development and human well-being

Global Maritime Forum focuses on safe, sustainable solutions

MARITIME experts met recently to discuss some of the major challenges facing shipping at the Global Maritime Forum's 2019 annual summit in Singapore to 'unleash the potential of sea borne trade and increase sustainable long-term economic development and human well-being

04 November 2019 - 19:00

MARITIME experts met recently to discuss some of the major challenges facing shipping at the Global Maritime Forum's 2019 annual summit in Singapore to 'unleash the potential of sea borne trade and increase sustainable long-term economic development and human well-being.'

Delegates will hear that the industry is relatively unprepared to cope with many of the issues that could impact shipping over the next decade, reported London's Lloyd's List.



Senior executives from AP Moller-Maersk, Cargill, DSME, DFDS, Electrolux, JP Morgan, Inmarsat, Kuehne+Nagel, Lloyd's Register, PSA, Shell, Baltic Exchange, V.Ships, and Yildirim Group were among the 200 delegates attending the summit.



The Global Maritime Forum, a not-for-profit organisation dedicated to shaping the future of global sea borne trade, will focus on safety, skills, climate change, and sustainability.



Since the inaugural summit in Hong Kong last year, the forum has made real progress on ship emission reduction targets, bank lending principles and nurturing talent.



That in part reflects the fact that many of the sessions are conducted on Chatham House rules, enabling participants to talk openly behind closed doors, before coming to some firm conclusions.



A working group has developed a set of guidelines and principles that will be presented at the forum by Shell's vice-president shipping Grahaeme Henderson and by V. Ships chief executive Graham Westgarth.



In June, the forum unveiled the Poseidon Principles, the world's first sector-specific, self-governing climate alignment agreement, signed by 11 leading financial institutions, representing a combined shipping loan portfolio of US$100 billion.



After the call to action on decarbonisation, it also announced the Getting to Zero Coalition at the UN Climate Action Summit in New York in September.



The coalition is an alliance of 70 companies within the maritime, energy, infrastructure and finance sectors, supported by key governments and intergovernmental agencies, which have set a mutual goal of developing commercially viable zero emission vessels for the deepsea trade routes by 2030.


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