Breaking new ground

The Global Maritime Forum’s Annual Summit took place in Hong Kong on 3-4 October 2018. This high-level meeting convened leaders to discuss industry-wide, long-term challenges and opportunities.

Decarbonizing shipping

“Climate change is one of the greatest challenges for the safety of our world. All participants in the maritime value chain must collaborate to accelerate the transition to low, or no, carbon operating models.”

Alastair Marsh, Chief Executive Officer, Lloyd’s Register

Shipping made a breakthrough on climate change last year, when governments at the UN’s International Maritime Organization (IMO) agreed on an ambitious plan – to at least halve the sector’s greenhouse gas emissions by 2050. Meeting this goal, and those set by the Paris Climate Accord, requires a rapid shift away from the use of fossil fuels.

At the Global Maritime Forum’s Annual Summit in 2018, industry leaders united around the objective of making deep-sea zero-emission vessels a commercially viable and scalable reality by 2030 and issued a Call to Action setting out some of the steps necessary to make this possible. A transition to zero-emission fuels and new propulsion systems will require both technological and business model innovation. Additionally, there is a need to push innovation and research from the drawing board onto the high seas and form at-scale demonstration projects as soon as possible. The Global Maritime Forum’s Annual Summit will be an important opportunity to discuss the progress made in the past year and work collaboratively to define the concrete next steps which can put the maritime industry on the right path towards a low-carbon future.

Key questions:

  • What are the fuels, technologies, and supply chains needed to transition to a low-carbon future?
  • How can the maritime industry finance and de-risk the development and deployment of low-carbon solutions?
  • How can policies be accelerated at a local, national and regional level to enable a rapid shift away from the use of fossil fuels?

Together in Safety

“Safety is the top priority for the maritime industry. There is nothing worse than a major incident. These are people; people like us, and the memories last forever. As global leaders of the shipping industry, we need  to work together to address this. We are the only ones who can make a difference – there is no one else.”

Dr Grahaeme Henderson, Vice President Shipping and Maritime, Shell

Every year around the world, hundreds of seafarers are killed or seriously injured. The reputations of companies and individuals are damaged, and the costs are high. Improvements in safety performance are possible. It will take leadership, collective responsibility and all across the industry working collaboratively together.

At the Annual Summit in 2018, industry leaders united around a vision of a zero-incident industry and created the “Together in Safety” programme. Since that time, the shipping industry groups and key leaders have been working together to make improvements. At this Annual Summit, the first results of “Together in Safety” will be presented – focusing on best practices, data sharing and industry leadership – and the next steps towards achieving the vision of a zero-incident industry will be defined.

Key questions:

  • How can we work more closely together to quickly implement the “Together in Safety” actions?
  • What are the common best safety practices that will make a step change in safety performance across the maritime industry?
  • Can we set up the equivalent of an IATA for the global maritime industry?

Attracting the right talent

“Although progress has been made to empower women in the maritime community, much still needs to be done. Let’s commit to building a gender-balanced maritime community – together.”

Kitack Lim, Secretary-General, International Maritime Organization

To succeed, the maritime industry must attract the right people, with the right skills and in the right numbers. But demographical changes, increased competition for talent, and new demands from young people towards potential employers raise important challenges. At the same time, the skills required in the future may be radically different from those demanded today, for instance due to the diffusion of digital technologies and the introduction of new low-carbon fuels. At the Global Maritime Forum’s Annual Summit there will be an opportunity to explore these issues and identify ways in which the maritime industry can work together to attract the right talent for the future.

Key questions:

  • What work skills are needed to fully embrace the opportunities of the digital transformation?
  • How can we achieve the United Nations Sustainable Development Goal #5 and empower women in the maritime community?
  • How can the maritime industry compete with other industries for the best and the brightest?

Improving efficiency through collaboration

“Logistics is a team sport – by working alongside as a community to create an Internet of Logistics, we can make a real difference towards improving the connectivity, visibility and efficiency of the entire global supply chain. Ultimately, this will facilitate more vibrant global trade, benefiting cargo owners, logistics players, and the communities which we serve.“

Tan Chong Meng, Group Chief Executive Officer, PSA International

To survive in the maritime industry, companies must continually improve their efficiency of operations. But highly efficient maritime companies are not enough to optimize efficiency of the maritime logistics chain, since many issues cannot be dealt with by any company acting on its own. The multitude and magnitude of reporting requirements, the lack of common standards, and the inefficiencies of port call operations are all examples of issues with room for improvement. The Global Maritime Forum’s Annual Summit offers an opportunity to develop precompetitive ways of collaborating which can improve the efficiency of the maritime logistics chain, reduce waste and resource use, and stimulate global trade to the benefit of the maritime industry and the world it serves.

Key questions:

  • How can data sharing and digital technologies be leveraged to improve the efficiency of the maritime logistics chain?
  • How can the maritime industry work together with governments and other stakeholders to reduce the administrative burdens on international trade?
  • Can standardization drive radical improvements in efficiency in the same way as the container has done?