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26 May 2020 The on-line newspaper devoted to the world of transports 08:17 GMT+2

January 21, 2020

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In Brussels, the representatives of shipping and finance

Vettosis (Confitarma): it is necessary to take into account the different aspects of the shipping industry

Yesterday in Brussels, at the "Ship&Finance" event organised by the European Community Shipowners' Associations (ECSA) with the support of the Expert Group of the shipping company, representatives of shipping and the world of finance discussed to discuss and identify practical solutions concrete goals to achieve common goals. During the debate Fabrizio Vettosi, Councillor of the Italian Armatori Confederation (Confitarma) and a member of the ECSA Expert Group, highlighted the need to address the situation with an approach step-by-step in order to better identify and with a methodology different aspects of the industry to assess its Sustainability. In fact, he noted, it is necessary to keep it is clear that the diversity between the individual segments of the shipping has a multiplicity of consequences even in business models. For example - said Vettosi - IMO 2020 measures on sulphur content in naval fuels, which came into force on 1 January are generating different impacts depending on the sectors and geographical areas, with the risk of effects, in terms of sustainability, equal and contrary in some cases.

Vettosi also highlighted the need for a unified approach theme by industry organisations, both individual national associations and their coordination with ECSA and the International Maritime Organization (IMO), avoiding leaving room for private initiatives could only feed individual lobby of interest like that - Vettosi said, referring to an initiative recently by banks and shipping companies - Poseidon Principles for shipping decarbonization ( 18 June 2019).

Subsequently, Vettosi summarized the work done ECSA in recent years and in particular in recent months, looking optimistically at the progressive entry into force Basel IV standards for the banking sector, which - it noted - didn't bring any harm to shipping. In particular - he recalled -- through the last two consultations in January and September 2019, European shipping has reiterated some requests Specific. "ECSA," Added Vettosi, "has also worked definition of the "Taxonomy" that for shipping will be defined by the Technical expert group on sustainable Finance (TEG) of the European Commission in the current six months and that, as we hope, it will serve to define shipping much more green instead of brown."


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