Given shipping’s unavoidable mandate to meet fast approaching green targets, many would expect rising innovation and investment in new technologies. However, according to the International Energy Agency, maritime’s research and development spending between 2007-2019 has remained stagnant, lagging far behind other sectors. In contrast to the automotive sector, where spending on R&D increased from 67 billion USD in 2009 to 130 billion USD in 2019, maritime spent just 1.6 billion USD.
In this first discussion since the Shaping the Future of Shipping Summit, ICS and the Asian Shipowners Association bring together distinguished panellists from across the Asia Pacific region to discuss the Summit outcomes and next steps to energy transition for shipping.
Global Clean Energy Action Forum Official Side Event (Live stream)
Organised by: International Chamber of Shipping (ICS), International Association of Ports and Harbors (IAPH) and Pacific Environment
Shipping will continue to play a vital role in helping national economies to chart a course towards economic recovery from the COVID-19 pandemic. This Trade Policy Review outlines some of the major strategic projects undertaken by the International Chamber of Shipping (ICS) on behalf of the global shipping industry, in promoting and advancing the principles of free trade, fair competition and market access, to ensure that policymakers are equipped with the most accurate and up-to-date industry information.
September 2022Reports, Positions and Papers | Free
The report includes thoughts from ICS trade and business representatives, through a series of op-eds, providing unique insights into the key topics and trends impacting the world economy, which will have an impact on the global maritime trade outlook over the next few years.