SINGAPORE SHIPPING FORUM 2021: SHIPPING - POST-PANDEMIC - AN INVESTOR'S PERSPECTIVE: STRATEGIES FOR THE POST PANDEMIC WORLD FOR SUSTAINABILITY

SINGAPORE SHIPPING FORUM 2021: SHIPPING - POST-PANDEMIC - AN INVESTOR'S PERSPECTIVE: STRATEGIES FOR THE POST PANDEMIC WORLD FOR SUSTAINABILITY

Singapore Shipping Forum 2021

Mr. Philip Clausius, Founder and Managing Partner of Transport Capital, viewed that a more rigorous regulatory framework and more proactive involvement of small and medium shipowners will be key to effective decarbonisation in shipping. Mr. Clausius observed that today’s regulatory targets as set by the IMO is not sufficient to achieve the standards of decarbonisation needed to align with the Paris agreement, and expects regulatory standards to tighten. Mr. Clausius supports the adoption of stronger regulation to incentivise the private market to switch away from carbon, such as strong carbon taxes. By making the conventional fuel solution expensive, carbon taxes can facilitate the reduction of carbon through the private market mechanism.

Mr. Clausius also believes that for the industry to decarbonise effectively, the effort must extend beyond the biggest industry players, where most of the action currently occurs. The effort must extend to the small and medium ship owners. These ship owners collectively represent a significant proportion of the total shipping market, and ignoring this segment in the drive for decarbonisation will impede the effectiveness of such efforts. Mr. Clausius encourages small and medium shipowners to work closely with their customers to collaborate on the transition to greener energy.
 


AN INVESTOR'S PERSPECTIVE: STRATEGIES FOR THE POST PANDEMIC WORLD FOR SUSTAINABILITY


Delivered by: Mr. Philip Clausius, Founder and Managing Partner, Transport Capital
Host: Jeffrey Tanner, Senior Associate, Stephenson Harwood (Singapore) Alliance



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.