The Cyprus Chamber of Shipping (Kne) on Thursday announced the successful holding of a panel discussion on greener shipping and the maritime industry through collaborative practices.
The panel discussion was moderated by Julian Bray , Editor-in-Chief of TradeWinds , one of the world’s leading shipping publications.
In addition, the committee included George Wells, Head of Global Assets and Structuring at Cargill International SA, Nikolaus H. Schues, President-Designate of the Baltic and International Maritime Council (BIMCO), former President of the European Community Ship Owners Association (ECSA). Claes Berglund and Dieter Rodenburg, CEO of Intership Navigation and Vice President of the Cyprus Chamber of Shipping.
Schues opened the discussion with the view that the cost of decarbonization should be shared among all actors making up the entire supply chain, an idea also echoed by George Wells, who noted that consumer needs, which drive demand and cost, should also be taken into account.
In addition, the group also discussed the provision of green fuel. In this regard, Rodenburg stressed that opportunities exist for the production of cleaner fuels and noted that collaboration between industry and regulators is key to making this a reality.
Finally, Claes Berglund talked about the trend towards LNG as an alternative fuel and how the industry can learn from the introduction of new alternative fuels.
The panel discussion took place during the Maritime Cyprus conference in Limassol, which kicked off on Monday 10 October.
The Cyprus International Compliance Forum is due to take place on Friday 14 October in Nicosia and will cover a range of topics including corporate governance, financial crime and counter-terrorism initiatives in finance, regulatory compliance as well as economic sanctions.
The forum, which is being held for the eighth time, will bring together over 400 guests, 28 speakers, as well as over 150 companies, organizations and associations, including Invest Cyprus, the Cyprus Fiduciary Association (CYFA) and the Bank of Cyprus, among others.
“To effectively address sustainability issues, the compliance function is likely to play the most important role, as businesses must ensure that stakeholder and regulatory requirements are included in the framework of primary support for the environment and society,” said the organizers of the event . in a statement.
“Especially these days, it is critical for business leaders to deal with emerging risks in a post-pandemic and post-war environment,” the statement said, noting that “companies need to understand what compliance can do to help them grow sustainably while avoiding financial and reputational risks”.
The Cyprus Stock Exchange (CSE) ended Thursday, October 13, with clear losses.
The overall Cypriot stock market index stood at 73.53 points at 13:22 during the day, reflecting a 1.61% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 44.12 points, down 1.63%.
The total transaction value was 40,409 euros.
As for the sub-indices, all the main, alternative, hotel and investment indices decreased by 1.92%, 0.96%, 0.15% and 3.26%, respectively.
Bank of Cyprus (-1.87%), Salamis Tours (-1.01%), Logicom (-1.16%), Petrolina (-0.95%), KEO (-5.41%) ).
