Fourth is just behind us, and the CMA Summer Picnic is just
ahead of us! It is hard to believe that the year is half over.
What this means to me at the moment is that we are now less
than 6 months away from January 1, 2020. Of course, for all
of us in shipping, this is a very important upcoming date.
Ship owners, charterers, bunker suppliers, brokers and others
are all working hard, and hopefully working together, to manage
the bunkers on board their vessels and the tank cleaning that
needs to take place in order to comply with the new IMO Sulphur
Cap regulation. I read an article recently, which really hit
the nail on the head for me - the author said that the upcoming
Sulphur Cap regulation is not a 2020 problem, it's really
a 2019 problem. I believe that this is exactly correct. By
the time we get to January 1, 2020, all of the hard work will
be behind us, and the industry will be operating vessels with
compliant fuel or scrubbers.
remind everyone, too, just how enormous this change is for
our industry. Some of you may have heard me make this point
at the CMA Conference, or at the Gala Dinner, but we, as an
industry, are about to reduce the carbon emissions of our
vessels seven-fold. This is a huge reduction, and considering
that nearly 90% of all goods move by ship, and even now, that
global shipping is responsible for about 3% of greenhouse
gas emissions, this is an indication of our very strong commitment
to our planet and operating our vessels in the most clean
and efficient manner that we can. I do not know of any other
global industry that has made a commitment like this. Unfortunately,
the public generally do not think of our industry in this
way. We are usually "out of sight, out of mind,"
unless something catastrophic happens to a ship. This is a
real shame, in my view, because we all work very hard, both
at sea and ashore, to operate the ocean going fleet in the
best manner possible. I would suggest that we should all do
what we can to change this - tell the people that you know
how we are working to reduce our industries emissions even
more come January 1, 2020. Tell your friends and your family
about this - tell them that when they buy a pair of shoes
or pants, that as of January 1, 2020, they will become cleaner
products because of the work being done by the shipping industry.
We work so hard to do the right thing - we should be shouting
this at the top of our lungs!
our work will not be done after January 1, 2020. The IMO has
a mandate to reduce carbon emissions 50% by 2050, compared
to 2008 levels. With this in mind, a group of eleven major
shipping banks have announced the Poseidon Principles, which
is a plan to incentivize decarbonization in the shipping industry.
This was quite appropriately announced at Marine Money Week
in New York back in June, and is just another example of our
industries commitment to the environment. We are, indeed,
a clean and forward thinking industry!
to take a moment to thank Jack Noonan for taking time out
of his schedule to speak at the CMA Education Foundation lunch
in June, when scholarships were awarded to students from a
number of different schools. Thanks also to the great work
that everyone at the CMA Education Foundation is doing, to
help support the next generation of leaders in our industry!
The lunch was a great opportunity for us to meet the students,
and the students were thrilled to hear from Jack, certainly
one of our industry luminaries! Thanks again, Jack!
want to remind our members that we are working with Tom Garber
of Third Wave Films, on a movie that highlights shipping,
the hard work of the mariners, our industries commitment to
the environment, and more. Tom is still working to find the
balance of the funding he requires in order to complete the
project, so I would ask everyone to consider getting involved.
If you have any questions at all about the project, please
reach out to either Tom or me, and if you want some more info,
here is the website: http://www.thirdwavefilms.com/seastates.html
I hope that we will see you all at the CMA Summer Picnic this
Thursday, July 11, 2019, at Stamford Yacht Club, from 1730-2100.
Right now, the weather looks like it will be perfect! Our
friends at Monjasa are sponsoring Ladderball this year - many
thanks to them! If you are interested in Ladderball, please
contact the CMA Social Chair, Mike McCormick. See you all