Reframing Risk in a Complex Market
Drawing on the ethos of ‘Propelling World Trade’, the overarching theme of LISW23 will be ‘Reframing Risk in a Complex Market’.
Sub-themes for the week will be:
Compliance
- Does ESG change the business model
- Navigating the regulatory landscape in the charter market in the short-term
- Commercial cost of regulatory compliance across the decarbonisation timeline
- Carbon trading
Decarbonisation
- Future fuel mix
- Implications of scope 3
- Role of Government
- Where are the next (tangible!) opportunities for the industry to contribute to energy transition but also to make money (CO2 shipping, offshore wind)
- Shipping industry responsibilities around the ocean economy
Security
- Supply chain resilience
- Sanctions
- War risks (incl navigational, insurance, ability to charter / lift cargos from war zones and combatant countries)
Skills
- Demographic trends and their effect on labour supply in shipping
- Ensuring an equitable skills transition, the opportunity to upskill in labour supplying nations
- Digital skills to manage the transition and maintain compliance
- New and disruptive technologies particularly in terms of the workforce and its education.
- Duty of care to seafarers
Business and Technology Innovation
- Sourcing investment to drive and support maritime innovation
- Supply & demand dynamics – is collaboration working?
- New fuels, new ships, new infrastructure
- Data and digitalisation
Keynotes
- Cost of Commercial Compliance
- Supply Chain Uncertainty (and Effect on Trading Patterns) / Economic overview
- Does ESG change the business model
Commercial
- How can the charter market encompass a fast-changing regulatory landscape over the next 1 – 3 years?
- Legal and commercial relationship between charterers and shipowners
- The challenges of transparency – evidencing compliance and the future tradability of vessels
- Costs of compliance / commercial implications of compliance (link to decarbonisation)
Innovation - the supply & demand dynamic
- Does the structure of the industry hinder the innovation needed to decarbonise?
- Developing solutions via cross value chain approach, how do we deliver?
- Putting shipping in the context of other hard to abate sectors / Lessons learned from other industries
A just skills transition
- How do we use the new skills imperative to create a more diverse and equitable workforce in the shipping industry onshore and at sea
- Developing the S in ESG focus, improving the attractiveness of shipping as a career path
