Regulations pertaining to the environment will be the key issue shipping will have to grapple with in 2018 according to Angus Frew, the secretary-general of global shipowning body BIMCO.
In a video interview carried on the BIMCO site, Frew said both greenhouse gas emissions due for debate at IMO in April and the looming sulphur cap in 2020 were going to dominate shipping this year. He said it was vital the regulatory debate on the environment ensures a level playing field for all.
Frew, who recently extended his term at the helm of BIMCO, voiced his concern that come 2020 there might not be enough low sulphur fuel in place for the entire shipping industry.
Frew went on to predict shipping will be totally decarbonised in the second half of this century. The greening of the industry cannot happen faster, he said, as the technology when it comes to both fuels and propulsion has still to be developed.