Entering in 2018, BIMCO’s CEO and Secretary General, Angus Frew, mentioned that the most important issue this year will be the environment, with GHG strategies and the 2020 sulphur cap being the most significant.
Mr. Frew believes that in the future a shortage of low sulphur fuel, an area in which there is a financial advantage for non compliance, he adds. For this reason, the IMO has to set its own strategy.
Furthermore, the shipping industry must focus on complete decarbonisation during the second half of the 21st century, as the appropriate technologies for that to happen now, do not exist. Thus, it is crucial to invest in research to find those technologies.