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- Thomas Damsgaard
Testy geopolitical relationships, an intensifying drive toward energy security and diversity, and changing sourcing patterns won’t be the only factors complicating the nature of global project and breakbulk shipping over the next few years. Increasingly complex emissions regulations from the International Maritime Organization and the European Union, along with growing pressure from governments, investors, cargo owners, and others are in some cases putting shipowners and time-charter operators at odds and could further restrict available capacity in the already-tight multipurpose segment. Additionally, shipping industry members question whether newly enforced regulations such as the Carbon Intensity Indicator (CII) are capable of truly reducing emissions as they are configured. Exactly what percentage of the multipurpose and heavy-lift fleet is directly affected by the CII and related regulations isn't clear at first glance, either. How will new regulations and requirements affect multipurpose and heavy-lift vessel owners, charterers, and their project and breakbulk customers? Thomas Damsgaard, who recently opened BIMCO’s newest office in Houston, is a well-known and respected member of the shipping community with deep experience in the multipurpose sector. This session will address the immediate effects of burgeoning emissions regulations, including the CII, and their implications for owners, operators, ports and terminals, service providers, and breakbulk shipping customers.