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Navigating Shipping Challenges in Troubled Times: Strategies for Owners and Managers

In today's turbulent maritime environment, owners and managers face immense challenges, from maintaining ship operations and staff training to addressing social responsibilities. Surpluses in the shipping and shipyard sectors complicate market dynamics. Moreover, persistent issues such as piracy and manning crises demand innovative solutions. Environmental regulations and climate change pose additional challenges, necessitating adherence to IMO standards. It's crucial to enhance international cooperation, information sharing, and governance structures to deliver effectively in these troubled times.

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Navigating Shipping Challenges in Troubled Times: Strategies for Owners and Managers

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  1. “ Owners and Managers delivering in troubled times ” Peter M Swift, MD, INTERTANKO

  2. Financial Crisis / Global Recession $$ CONTINUE in troubled times: • To MAINTAIN ships • To TRAIN staff • To be SOCIALLY RESPONSIBLE

  3. Shipping & Shipyard Surpluses TOO MANY • Ships • Shipyards • Ship managers ? Other than MARKET FORCES, are OTHER CONTROLS possible ?

  4. Piracy A CONTINUING PROBLEM, • SOMALIA - No nearer a solution ? • More military assets ? • Armed guards on more vulnerable ships ? • OTHER AREAS OF THE WORLD forgotten ? • Negative effects on crews ignored ?

  5. Manning Crises • Continuing shortage • Quality issue as much as a quantity issue ? • More needed to ensure competencies and experience ? • Compulsory berths on all new ships ? • Higher standards of accommodation AND • Criminalisation

  6. Environmental Challenges NOx, SOx, PMAnnex VI CO2/GHG emissions ODS = Ozone Depleting Substances (cooling medium) VOC = Volatile Organic Compounds Waste Management Ship Strikes with Cetaceans Marine Noise Pollution Garbage Sewage Life cycle Building to Decommissioning - Recycling Accidentaloil pollution Ballast water Toxic Antifouling and Biofouling

  7. Climate Change • One of the biggest challenges for the Shipping Industry ? • How to ensure ship emissions regulated through the IMO ? • How to ensure no market distortions ?

  8. AND More How to • Maintain International Governance Structures • Improve Information Sharing & Feedback Loops • Cooperate better with regulators • DELIVER IN TROUBLED TIMES ????

  9. Troubled Times ?

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