IMO’s medium-term fuel fines could reach 100 billion dollars by 2035

The transition to sustainable shipping is nary longer an enactment but an work – and the outgo is high.

Top executives from the shipping manufacture and experts successful technological and regulatory developments were invited to reply a important question during the 9th Naftemporiki Shipping Conference: How is competitiveness maintained when biology costs are skyrocketing and the regulatory scenery is perpetually changing?

Fines arsenic a effect of the medium-term substance measures decided by the IMO are expected to scope 100 cardinal dollars by 2035, according to figures presented by Ioanna Prokopiou, CEO of Sea Traders. In these costs, Prokopiou did not see the further charges imposed by the EU’s FuelEU regulation. Essentially, this means that – based connected today’s substance prices –the outgo for ships will person doubled by 2035.

In the tract of coastal shipping, Attica Group CEO Panos Dikaios stressed that the assemblage needs special treatment, underlining that the EU and IMO measures “affect us very much.”

Stamatis Tsantanis, president and CEO of Seanergy Maritime Holdings Corp., placed peculiar accent connected the integration of caller technologies, stating that the institution has already installed sensors and different systems since 2025.

On the technology side, Dimitris Alexandrou (Co-Founder and Director of Business Innovation, Ubitech) noted that AI has changed everything, including developments successful the shipping sector.

On her part, Elina Litsa (Partner, Deals Services, Grant Thornton) emphasized that the biology compliance of shipping companies tin besides relation arsenic a means of preserving their value.