Going beyond compliance: Harnessing the wind to meet IMO’s EEXI regulations and increasing demand for higher ESG standards

Aug 19, 2021 | 2min read

Shipping faces an unprecedented challenge to decarbonise that will require the sector to invest in new initiatives driven by new push and pull effects.

Norsepower is hosting an informal panel discussion to help progress industry thinking around decarbonisation, particularly the use of wind propulsion and it's quantifiable benefits to achieve these goals.

The IMO’s incoming EEXI and CII regulations are one part of the challenge, as shipowners focus on improving their fleets’ performance to meet EEXI compliance requirements. The EU’s ‘Fit for 55’ initiative will also have a major impact on vessels operating in, or transiting within the region.

However, commercially-driven forces are operating at an even faster pace. For example, the Poseidon Principles and the Sea Cargo Charter reflect the growing impetus of embedding ESG standards at the heart of finance and charterer decision-making. With all of these factors at large, planning to make investments to help reduce emissions and fuel costs is now a not an option, but a necessity.

Clean technologies will be integral to shipping’s future and the role of wind power is gradually being seen as shipping’s ‘no brainer’. So, how can the design and installation of Rotor Sails and other clean technologies help meet known and unknown regulatory drivers and future-proof the global fleet?

Register here

Date: Wednesday 8th September 2021

Time: 13:00 BST/ 14:00 CEST/ 15:00 EEST

Panellists will explore potential market consolidation during the transition to net zero and the commercial and regulatory drivers impacting decision making for developing resilient fleets. With the prospect of regional regulation and rising commercially driven forces, shipping faces an unprecedented challenge to decarbonise that will require the sector to invest in new initiatives driven by push and pull effects.

  • What are the near-term challenges for ship owners and operators in meeting imminent EEXI and CII requirements and how can these be overcome?

  • How can ship owner and charterers collaborate better to reach favourable commercial agreements whilst working towards environmental goals?

  • How can the industry future-proof against ESG demands and higher fuel costs?

Panellists

  • Tuomas Riski, CEO, Norsepower

  • Aude Leblanc, Technology Leader, Sustainable Shipping, Bureau Veritas Marine & Offshore

  • Kris Fumberger, Sustainability Manager, RightShip

  • Gavin Allwright, Secretary General, International WindShip Association (IWSA)

Moderator

  • Alisdair Pettigrew, Director, BLUE Communications