Shipping figures talk carbon cuts in Singapore

Decarbonisation was high on the agenda Singapore Maritime Week, where TradeWinds held its Shipowners' Forum this week.

Shipping companies are taking another look at their green strategies in the absence of an adopted Net-Zero Framework regulation from the International Maritime Organization.

Meanwhile in Europe, the next FuelEU Maritime deadline will hit at the end of this month for owners who have operated ships to, from and within Europe over the past 12 months.

In this week's episode:

•In the Strait of Hormuz this week, there have been ship seizures and rising concerns about sea mines. TradeWinds reporter Matt Coyne gives us an update.

Read more: Container shipping remains paralysed in Middle East Gulf as MSC seizures ramp up tensions

Read more: Clearing Iran’s Strait of Hormuz mines could take six months, US defence officials tell lawmakers

•As the IMO begins another week of talks to see if its Net-Zero Framework can either be pushed through or rewritten, we hear from Eastern Pacific Shipping boss Cyril Ducau on his company’s decarbonisation plan.

Read more: Eastern Pacific Shipping boss explains how to ‘outperform the market’ in volatile times

Read more: Eastern Pacific Shipping sees wind of change in Singapore

•The Poseidon Principles launched almost seven years ago. Its new chairman Paul Taylor tells TradeWinds about how the initiative will aid shipowners in cutting carbon emissions.

Read more: ‘We have to have teeth’: Poseidon Principles boss signals strategic shift

•Shipowners with tonnage that sailed to or around Europe last year have just days left to decide if they want to pool vessels to share emissions credits or face potentially huge penalties from FuelEU Maritime. Craig Eason looks at the options with Frederike Hesse, co-founder of emissions accounting platform Zero44.

Read more: Shipowners face major pooling losses after EU gets its sums wrong

Read more: Don’t pay the penalty: FuelEU non-compliance costs will hurt

•And finally, we speak to the artist known as "Hardo", who trades commodities by day and makes art by night – this time, it’s all about shipping. He talks about how anyone and everyone in shipping and finance can tap into their creativity.

Read more: The kings of shipping and commodities — as only Hardo sees them

Read more: Meet the ‘Banksy of shipping’. The anonymous artist committing dry bulk markets to canvas

Host and producer: Holly Birkett.

Additional reporting: Matt Coyne, Craig Eason and Julian Bray.

A DN Media/TradeWinds podcast

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