Bulletin: A good week

It has been a busy week in the world of shipping and one which has seen positive developments.

In Westminster the Prime Minister announced on Wednesday a Green Industrial Revolution with billions of pounds of investment in new technologies across the country. We were delighted to see £20m committed to green maritime projects to help develop zero emission ships. At the Chamber we have been calling for a green revolution to ensure the UK seizes the opportunity as we move to a cleaner, greener economy and this announcement was a welcome step in the right direction, but we know more collaboration and investment will be needed and I made this clear in a letter to the Financial Times.

Yesterday we had more positive news with the government announcing new investment in the armed forces and extra funding for the Royal Navy. Everyone at the Chamber recognises how important the Royal Navy is by providing security and confidence for UK flagged vessels around the world. The announcement by the Prime Minister of extra investment in new ships will not only boost the UK ship building sector it also reaffirms the government’s commitment to protecting trade and the freedom of navigation.

Away from Westminster, the IMO was meeting this week to discuss new environmental targets for the global shipping industry. Much has been written about what has been achieved this week and at the Chamber we have been supporting the UK delegation. We believe positive strides have been made with the short term measures announced to reduce the amount of greenhouse gases from ships, but we know the industry must keep striving to go further and faster if we are to reach our 2050 targets.

This morning we were delighted to welcome a host of CEO’s and MD’s to our CEO Seminar chaired by our President John Denholm. It was a hugely successful discussion looking at how companies are having to adapt to remote working whilst maximising operational efficiency.

Next week the Merchant Navy Training Board will be hosting a webinar looking at the issue of seafarer mental health and consider what sort of training on mental well-being our industry needs moving forward.  On Thursday we will be running our Understanding UK Shipping course. It is a highly informative day and you can book your tickets here. Finally, tickets for our Virtual Conference are now on sale, they are free for members and £50 for non-members and you can get your tickets here.