The IMO’s recent decision to postpone adopting the Net Zero Framework has deepened uncertainty, delayed certain clean fuel initiatives and undermined investment confidence for ship owners waiting to invest in new ships. At the same time, the EU’s FuelEU Maritime regulation and other regional rules press ahead, spotlighting the lack of global consensus and coordination on decarbonisation efforts.
Geopolitical conflicts, particularly along critical routes such as the Red Sea, have increased rerouting costs, raised risks and continue to test crew resilience. In this context, one of the challenges is the rise in satellite signal interference, also known as jamming, which threatens navigational safety and communications.
As other industries rapidly expand in emerging markets, attracting the next generation to seafaring careers has become more demanding and competitive. The shipping sector must ensure attractive and supportive working environments.
At the heart of navigating all these challenges lies the fundamental necessity for safety. Safety of our colleagues at sea, safety of our people ashore, safety of the vessels entrusted into our management.