11 Sep 24 Strengthening UK-Korea Ties: A Focus on Net-Zero and Green Shipping The UK Chamber of Shipping was delighted to participate in the joint seminar "The Role of Finance for Net-zero and Green Shipping" in Busan, Korea, hosted by the Korean Shipowners Association as part of Korea Maritime Week 2024. This seminar marks the continuation of a collaboration that began during London International Shipping Week 2023, where the UK Chamber of Shipping signed a memorandum of understanding with the Korean Shipowners Association to promote and strengthen mutual efforts.During the morning panel, Chamber Policy Director (Commercial and Governance) Katrina Ross shared insights on the shipping industry's transition to net zero, offering a UK perspective on the importance of sustainability disclosures, GHG pricing, and the role of finance in this journey.Katrina placed emphasis on a few key points:Sustainability disclosures, while important, offer only partial insights into the journey to net-zero, providing snapshots of progress, risks, and opportunities rather than a comprehensive solution.GHG pricing is effective only when part of a broader strategy that includes various net-zero incentives, addressing both demand and supply factors. A global GHG pricing mechanism, alongside international regulation, is crucial to ensure fair competition in the shipping industry.The flow of capital required for the shipping industry's net-zero transition hinges on implementing this holistic approach, combining disclosures, pricing, and regulatory support.As part of her trip to Korea, Katrina enjoyed a tour of the Busan new port, which was kindly offered by the Korean Ministry of Oceans and Fisheries.The UK Chamber of Shipping is grateful to the Korean Shipowners Association and the Korean Ministry of Oceans and Fisheries for hosting them and looks forward to future collaborations. Share:
06 Sep 2024 Secretary of State for Transport to speak at Shipping UK Conference The UK Chamber of Shipping is delighted to announce that Louise Haigh MP, Secretary of State for Transport, will be the keynote speaker at the Chamber’s conference Shipping UK on 8 October. Read more News
01 Aug 2024 UK Chamber of Shipping and London International Shipping Week join forces to support blue sky debate The UK Chamber of Shipping’s new conference, Shipping UK, and London International Shipping Week (LISW) have today announced a partnership as Supporting Organisations for the coming future. Read more News
25 Jul 2024 The British Rig Owners Association (BROA) welcomes new chairholders The British Rig Owners Association (BROA) is pleased to confirm its new set of Chairholders to continue the vital work of the Association in representing the interests and concerns of the offshore energy community. Read more News