Strategies for Prospering in the Decade of Change Lead the Discussion at the ABS Germany National Committee Meeting
Deep Insight for a Rapidly Evolving Maritime Industry
(HAMBURG) German maritime leaders joined ABS at the annual Germany National Committee meeting to hear the latest analysis from ABS, including the impact of market-based measures and the cost of compliance in shipping’s dynamic regulatory environment, along with the potential to improve carbon intensity through energy efficiency technologies.
John McDonald, ABS President and COO, outlined how ABS is built to serve this emerging maritime industry with guidance on advanced vessel designs, fuels and infrastructure, digitalization and decarbonization strategies.
“ABS is well-positioned to support clients with safety, quality and technology innovations through this evolving maritime industry. Cleaner fuels, energy efficiency retrofits and data optimization to improve voyage performance are going to be key decarbonization strategies in the next phase of the global energy transition. With our deep expertise in regulatory compliance and advancing technological breakthroughs, we are focused on providing the industry with frictionless solutions to today’s challenges,” said McDonald.
Committee members were briefed on the latest regulatory developments impacting the environment and maritime safety, with emphasis on the European Commission’s Fuel EU program and the European Union’s Fit for 55 plan and emissions trading system (EU ETS).
Special guest, Sanja Jovicic, Lead Carbon Analyst from Trafigura, provided insight into the key issues affecting shipping’s journey to decarbonization, including a discussion on carbon intensity and commodity markets.
Members also received updates on the latest capabilities from the ABS sustainability team. For shipping to reach net-zero carbon emissions, vessels will need to employ energy efficiency technologies such as retrofits with lower friction coatings in combination with carbon capture technologies and the adoption of biofuels.
The Committee meetings are a forum for ABS members, including owners, operators, designers, charterers, and industry representatives from flag Administrations, owner associations, and the shipbuilding and insurance sectors, to come together with ABS leaders and discuss industry issues and developments. These forums are an important part of an ongoing dialogue with the industry to address technical, operational and regulatory challenges.
Photo Caption: Group photo of the 2024 ABS Germany National Committee
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