Transport and Regional Economics

Impact of decarbonisation and energy transition

Following the success of the shipping industry events we held in 2017 and 2019, we are delighted to inform you that BNP Paribas Fortis Chair Transport, Logistics and Ports, along with the University of Antwerp, will host the event for the third time on Thursday 25 May 2023 from 15h00 to 18h00 in the BNP Paribas Fortis building on the Meir in Antwerp. The topic is the impact of decarbonisation and energy transition.


AGENDA

14h30 Registration 

15h00 Welcome by

  • Mr Michael Anseeuw, CEO, BNP Paribas Fortis
  • Prof. Dr. Christa Sys, BNP Paribas Fortis Chair Transport, Logistics and Ports University of Antwerp

15u25 Setting the scene

  • Market developments in the shipping sector by Mr Vincent Pascal, Head of Shipping and Offshore Finance, EMEA, BNP Paribas
  • Reflections on decarbonisation from carrier perspective by Mr Claudio Abbate, Group Vice President of Maritime Policy and Government Affairs, MSC

16u25 Best practices

  • Mr.Stijn Van Beneden, Fleet manager @ Boluda Towage Europe
  • Mr Jan Gabriel - Head Newbuild and -Fleet engineering department @ DEME 
  • Mr. Patrick Declerk, Operation Manager @ Euronav
  • Q&A

BREAK 

18u00 Panel Discussion Moderated by Prof. Dr. Thierry Vanelslander Speakers:

  • Mr Vincent Pascal, Head of Shipping and Offshore Finance, EMEA, BNP Paribas
  • Mr Claudio Abbate, Group Vice President of Maritime Policy and Government Affairs, MSC
  • Dr Patrick Verhoeven, Managing Director at International Association of Ports and Harbors (IAPH)
  • Ms Suzanne Kwanten, HSSE Director at DP World
  • Mr Lennart Heip, Global Modal Leader International Trade Operations, Dow Chemicals
  • Ms Luisa Puccio, Director Shipping & Trade Policy at ECSA European Community Shipowners' Associations, ESCA
  • Mr Wouter Goovaerts, Director of Investor Relations & ESG, Exmar

18.45 Closing

  • MEP Ms. Katleen Van Brempt
  • BNP Paribas Fortis

19.00 Networking

 More details and practical information will follow a few days before the event.


PURPOSE OF THE EVENT

The IMO GHG strategy aims to reduce CO2 by 50% by 2050 (compared to 2008 levels) and achieve climate neutrality as soon as possible in the 21st century. This strategy will be revised at MEPC80 in July 2023, where discussions will centre on fuel levies, cap-and-trade systems and setting a global fuel standard. The outcome of MEPC80 will have a significant impact on the decarbonisation process of the maritime shipping industry, which contributed 2.3% (850 million tonnes) of global CO2 emissions in 2022. Meanwhile, the European Green Deal targets a 30% reduction in CO2 by 2030 (compared to 1990 levels) and aims for climate neutrality by 2050. In 2013, the EU agreed to monitoring, reporting and verification of CO2 emissions from maritime transport. From 2024, maritime shipping will be included in the EU's Emission Trading System (ETS) for ships above 5,000 GT transporting cargo or passengers for commercial purposes. The EU MRV system will be extended from 2025 to apply to offshore ships above 400 GT and general cargo ships between 400 and 5000 GT, transporting cargo for commercial purposes. Offshore ships above 5000 GT will be included in the ETS from 2027. By 2026 the European Commission will have decided whether to include general cargo and offshore ships between 400 and 5000 GT in the ETS. On 23 March 2023 the European Commission welcomed the provisional agreement on cleaner maritime fuels between the European Parliament and the Council. This will increase the maritime transport sector's contribution to reaching the EU-wide target of reducing net greenhouse gas emissions by at least 55% by 2030 and achieving climate neutrality by 2050. On 18 April 2023, the European Parliament voted to include greenhouse gas emissions from the maritime sector in the European Union's ETS (Emissions Trading System). This should encourage the maritime sector to accelerate decarbonisation. The shipping industry faces tough investments decisions including investing in new ships; installing approved emission abatement technology (scrubbers, filters, etc) on existing ships; opting for alternative fuels (e-LNG, methanol, ethanol, hydrogen, cooking oil, etc); choosing ballast water treatment systems; and ship recycling. During this event, we will seek to understand and discuss the potential outcomes, such as market impacts from CII, chartering policy, contractual challenges, slow steaming, off-hire time for ETS retrofitting or de-rating engines, and the overall impact on the maritime ecosystem.


AUDIENCE

Ship owners, owners and time charterers, shipping associations, shippers, stakeholders maritime supply chain, freight forwarders, financial sector, marine insurance, dredging industry, tug companies, shipbuilding industry, technology companies, policy, energy sector, bunkering firms, consultants, lawyers and (PhD) students.


Background information


Summary event

Presentations Best Practices

Video testimonial