Building on the central themes ‘Driving Growth in a Disrupted World’ and ESG, the LISW21 Headline Conference will consider international issues including the COVID-19 pandemic, international trade, environment and the road to COP26, global economic pressures, protectionism, Brexit, finance, technology and innovation, regulations, people and skills, and the impact of these key drivers on the international maritime industry.
COVID-19 proved beyond any doubt that when it came to industry game changers, we can sometimes be caught off-guard. The resulting economic impacts and uncertainty are some of the many issues facing the shipping industry, and while some are staring into the financial unknown, others are weighing up the opportunities.
Decarbonisation, de-globalisation, and digitalisation are the new buzz words, and they will drive change in their own right. But how can this change be harnessed and exploited and how will it affect the way we trade and the way we ship our goods?
Shipping must be agile and sustainable if it is to meet these changing demands and keep international trade moving. What does it need to do to meet the challenge?
As shipping heads out to new horizons, much of the regulatory, legal and safety framework that underpins it will have to be revised or written anew. But who will set the new targets and how will they be measured and financed?
As the industry looks towards COP26, what role will climate-aligned finance, big data, market-based measures, policy, and technology play in creating a sustainable, carbon-free, economically viable future and what opportunities will be offered to first movers in the UK and internationally?
COVID-19 highlighted the critical nature of shipping and our crew in the global supply chain. The failings in addressing the crewing crisis, as well as the importance of businesses being agile and flexible, are key lessons for the future. Changing cultural, demographic and wealth trends are increasingly affecting the way global trade operates. These are going to be key drivers in determining growth and recovery in the markets ahead.
Out of the ashes rises the phoenix – in the wake of the COVID-19 pandemic innovation could provide answers to many of the social challenges facing all industries, including shipping.
Is transparency the new imperative for shipping? Without it, will investors and financiers fund the innovation shipping needs to implement the environmental and social changes demanded, or will investors look elsewhere?
Who is the arbiter of ‘better governance’ and when will poor governance no longer be accepted?