Lloyd's List Shipbuilding and Recycling Forum
How to build and recycle a more sustainable shipping industry
How to build and recycle a more sustainable shipping industry
September 29 & 30
9:30am BST, 4:30pm SGT
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Summary
In this special two-part Lloyd’s List digital forum, leading industry influencers and experts will set out a practical guide to making near term investment decisions amid uncertainty and offer expert forecasting and insight into the immediate challenges of shipping’s zero-carbon energy transition.
Part 1: How to future proof shipping - September 29
Shipowners will have to start placing orders for vessels that will operate on low carbon fuel or energy sources by 2029. But the shipping fuels and energy sources of the future do not yet exist, at least not in any kind of scale, and that transition is going to require around $2 trillion of capital investment along with wholesale reorganisation of bunker sector.
Gone are the days of choosing one or two similar fuels at the pump; the future will hold a plethora of different fuels from multiple sources, and potentially very different pumps.
Ahead lies a complete shift in the way we look at shipping and think about its daily commercial operations, but that era-defining transition requires practical decisions to be taken now.
Fleet renewal will continue and ships that will potentially operate for the next 20 years will need to be financed, built and operated.
This session will explore:
- The practical and pragmatic choices open to shipowners.
- Will dual-fuel options support the zero-carbon transition?
- Are there any good decisions to be made when it comes to transition shipbuilding choices?
- Is it possible to finance and build an ever-greener transition while simultaneously creating a zero-carbon future to supersede the decisions being taken today?
Speakers:
- Christopher Wiernicki, Chairman, President and CEO, ABS
- Roger Holm, President, Wärtsilä Marine
- James Marshall, Chief Executive Office, Berge Bulk
- Grahaeme Henderson, Vice President, Shell Shipping & Maritime
- Dr Martin Stopford, Shipping economist
Part 2: How to build shipping’s circular economy - September 30
Progress has been made towards sustainable ship recycling in recent years, but there is much more that is still required, and it remains a topic laden with risk for owners, insurers, financiers and recyclers alike.
Amid the industry-wide disruption and shifting tectonics of decarbonisation, shipping has a generational opportunity to accelerate progress towards a truly sustainable industry as ship designs adapt to the new normal of a circular economy.
Following on from the sustainable shipbuilding discussions in the series, this forum will tackle both the immediate questions of how and where to recycle sustainably in the current market, and also tackle the mid-term issue of how to accelerate best practice as an industry-wide norm.
This session will explore:
- How to drive positive change in ship recycling
- How does the circular economy concept apply to ship recycling and what structurally needs to change to embrace it?
- The need for collaboration beyond shipping involving a wider cast of stakeholders prepared to lead.
- The headline risks still present in any recycling deal and how these risks can be mitigated.
Speakers:
- Dr. Nikos Mikelis, Non-Executive Director, GMS, Former Head, Marine Pollution Prevention & Ship Recycling, IMO and author of "The Recycling of Ships" - Edition 1 & 2
- Andrew Stephens, Executive Director, The Sustainable Shipping Initiative and the ship recycling transparency initiative
- Christopher Rex, Head of Innovation & Research, Danish Ship Finance and representative for The Circular Shipping Initiative
- Jennifer Riley James, Senior Ship Recycling Specialist, Lloyd's Register