We're entering the environmental corridor of uncertainty
The International Chamber of Shipping's chairman has warned that incoming environmental legislation will incur significant costs to the maritime sector. But by engaging in constructive discourse the superyacht industry can avoid bearing the brunt of these costs.…
With uncertainty still rife as to whether MARPOL Tier III emission limits will come into force in 2016, the chairman of the International Chamber of Shipping (ICS) has warned the maritime community that impending environmental reforms could end up generating additional costs to the industry of $0.5 trillion between 2015 and 2025.
Speaking at the opening day of Nor-Shipping in Oslo, Masamichi Morooka told attendees, “as many companies struggle to survive during the difficult years ahead, we must persuade governments to avoid placing yet more straws that risk breaking the shipowner’s back. And the straws to which I refer are the impending costs of environmental legislation.”
Morooka said that regulations such as MARPOL had originally been conceived in a pre-crisis climate and that regulators should deploy a certain degree of pragmatism when considering terms of enforcement. “Unless this is understood,” he warned, “there is a danger of creating real barriers to investment in our industry as we hopefully move close to a recovery.”
But GO2 Global Yachting’s CEO, Richard Franklin believes the impact is inevitable, and it is instead the pace of change that remains in doubt. “We know where we’re going to end up”, he said. “The difficulty is how we implement projects in the meantime – the so-called ‘middle ground period’.” As Franklin explained, for those companies already working on projects, with delivery dates of 2017-19, the picture is slightly less clear.
Franklin will be speaking at the forthcoming Superyacht Environment and MARPOL Management Meeting, taking place in Barcelona on 25 June. “Among practitioners, we’ll have the opportunity to discuss practical solutions and the integration of those solutions with projects, be they refits or new builds that we’re all currently engaged in”, he said.
To view the Superyacht Management Meeting programme click here.
The cost to attend this management meeting, including lunch and an exclusive networking dinner, is just € 400.00. Click here to register your attendance, or call +44 (0) 20 7801 1014 to register over the phone with Suzie. Alternatively you can email her on suzie@thesuperyachtgroup.com.
Speaking at the opening day of Nor-Shipping in Oslo, Masamichi Morooka told attendees, “as many companies struggle to survive during the difficult years ahead, we must persuade governments to avoid placing yet more straws that risk breaking the shipowner’s back. And the straws to which I refer are the impending costs of environmental legislation.”
Morooka said that regulations such as MARPOL had originally been conceived in a pre-crisis climate and that regulators should deploy a certain degree of pragmatism when considering terms of enforcement. “Unless this is understood,” he warned, “there is a danger of creating real barriers to investment in our industry as we hopefully move close to a recovery.”
International Chamber of Shipping chairman, Masamichi Morooka.
This thinking inspired the Russian, Chinese and Indian delegations at the recent IMO Marine Environment Protection Committee (MEPC) to draft an amendment that would push Tier III implementation back to 2021. A decision on this proposal will now not be made until the MEPC next convenes in May 2014, leaving the superyacht industry, and maritime industry as a whole, in a R&D quandary. With the likelihood of a 2016 enforcement date in the balance, yachtbuilders, engine manufactures and environmental solutions providers are asking themselves, ‘should we or shouldn’t we invest in costly research?’But GO2 Global Yachting’s CEO, Richard Franklin believes the impact is inevitable, and it is instead the pace of change that remains in doubt. “We know where we’re going to end up”, he said. “The difficulty is how we implement projects in the meantime – the so-called ‘middle ground period’.” As Franklin explained, for those companies already working on projects, with delivery dates of 2017-19, the picture is slightly less clear.
Franklin will be speaking at the forthcoming Superyacht Environment and MARPOL Management Meeting, taking place in Barcelona on 25 June. “Among practitioners, we’ll have the opportunity to discuss practical solutions and the integration of those solutions with projects, be they refits or new builds that we’re all currently engaged in”, he said.
To view the Superyacht Management Meeting programme click here.
The cost to attend this management meeting, including lunch and an exclusive networking dinner, is just € 400.00. Click here to register your attendance, or call +44 (0) 20 7801 1014 to register over the phone with Suzie. Alternatively you can email her on suzie@thesuperyachtgroup.com.
Companies such as MTU Friedrichshafen have invested significantly in R&D in anticipation of MARPOL Tier III limits.
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International Maritime Organization (IMO)
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