Mr. John Michael Radziwill, Chairman and Chief Executive Officer of CTM and GoodBulk Ltd, took the stage at the Singapore Shipping Forum 2021 to discuss the dry bulk industry. Mr. Radziwill noted that the dry bulk industry has been experiencing good demand and performance, after many years of downturn, and is optimistic that this will continue, provided that the industry remains vigilant against excessive ordering, refrain from rate wars, and focus its efforts on excellent service delivery. With regards to decarbonisation, Mr. Radziwill emphasised the importance of slow-steaming as an effective tool that can be implemented immediately, noting that this technique has enabled the industry to expand its fleet by 2.2 times in the past 15 years without increasing carbon emissions.
The Singapore Shipping Forum 2021 is hosted annually by Moore Stephens, Singapore, is organized in conjunction with co-sponsor BNP Paribas, Singapore, and is supported by both the Institute of Chartered Shipbrokers and the Singapore Shipping Association. The event is part of the Singapore Maritime Week 2021, an event organised by the Maritime and Port Authority of Singapore (MPA), and was attended by more than 300 delegates.