Page 34 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023
P. 34

SHIPOWNERS' ASSOCIATIONS



                                                                                 are port and anchorage waiting
                                                                                 times, especially in the laden con-
                                                                                 dition. Due to this excessive time in
                                                                                 port or at anchor, we will not be able
                                                                                 to overcome negative CII ratings
                                                                                 whether we use EEOI or AER.
                                                                                 We should concentrate on the nav-
                                                                                 igational element of the CII, where
                                                                                 both charterers and owners can
                                                                                 work together to reduce the carbon
                                                                                 intensity of the voyage.

                                                                                 ç      What is the outlook
                                                                                        for the bulk carrier
                                                                                        freight market? Do you
                                                                                        think China’s influence
                                                                                        on this market be the
                                                                                        same as before the pan-
                                                                                        demic when the coun-
                                                                                        try reopens and eases
                                                                                        restrictions?
                                                                                 The bulk carrier market has always
                                                                                 been among the most difficult to
                                                                                 predict. However, speed reductions
                                                                                 brought about by the EEXI and CII
                                                                                 will soak up capacity and lower
                                                                                 carbon intensity.
                                                                                 China’s long-term economic plan-
                                                  However, there does not seem  ning should make it easier to
                                                  to be a particular dry-bulk sector  gauge its effects on the shipping
                                                  which is more or less affected by  market. However, experience has
                                                  poor CII ratings. Instead, poor CII  shown that the speed and method
                                                  ratings are principally brought about   of implementation of Beijing’s pol-
                                                  by long port and anchorage waiting   icies often vary from province to
                                                  times, dry-docking times, and other   province. Currently, indications are
                                                  instances where both owner and   that China may not be able to sus-
                                                  charterer cannot exercise any control.   tain pre-pandemic levels of growth.
                                                  Each sector of the dry-bulk fleet is
                  The Round Table is              subject to the same probability of  è  How is the shipping indus-
                 acutely aware of the             these scenarios taking place. Port    try progressing as far as
               seafarer shortage issue            congestion is unpredictable and       ESG-related issues go?
               and finds that the most            can affect all bulk carrier sizes.   Regarding ESG, shipping compa-
                  effective method to             Although owners and charterers  nies are adapting quickly, although
               address it is to support           agreed to a CII clause at BIMCO,   many consultants are trying to
                   the International              there has been extremely limited   impose land-based ESG on ship-
                  Chamber of Shipping             acceptance of this clause by char-  ping companies, which operate in
                      initiatives.                terers. Overall, the CII will bring   an entirely different framework.
                                                  further reductions in ship speeds,  Shipping companies can be large
                                                  and it is hoped that this will not   and corporate, but most are small
                                                  compromise vessel safety.      and medium-sized  enterprises
                                                                                 (SMEs), often family-run. Many of
                                                  ã      What are your thoughts  these shipping SMEs already have
                                                         on the EEOI  vs  AER  a strong ESG record, even if this
                                                         debate?                 has not been formally stated. This
                                                  Perhaps the debate on the EEOI   remains to be completed in the
                                                  and AER is missing the point! The  coming years. But, in essence, they
                                                  CII’s dominant distorting factors   have already walked the talk!


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