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The global shipping industry is facing increased uncertainties due to a decarbonisation storm driven by climate change efforts. Key developments include the EU ETS, requiring shipping companies to pay for carbon emissions starting in 2024, and the Fuel EU Maritime regulation, imposing stricter fuel greenhouse gas intensity limits by 2025. Meanwhile, the IMO targets net-zero emissions by 2050, necessitating significant changes across the sector.
To address these challenges, China COSCO Shipping Journals《Maritime China》, in partnership with the China Shipowners' Association and BIMCO, will co-host the "Fuel EU Maritime Carbon Tax Policy Analysis and Response Seminar" in Shanghai in January 2025.
The seminar aims to explore new opportunities and approaches for the green transformation of the shipping industry, overcome barriers to compliance, and find fair, reasonable, and practical solutions for global maritime decarbonisation.
09:00 - 09:30 |
Registration |
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09:30 - 09:40 |
Welcome Address |
BIMCO |
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09:45 - 09:50 |
Welcome Address |
Mr. Zhang Yong, Deputy General Manager, COSCO Shipping Group |
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09:50 - 10:10 |
Keynote Speech: New Perspectives on Shipping Development Under Carbon Peaking and Carbon Neutrality Goals |
National Ministry Representative |
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10:10 - 10:30 |
Keynote Speech: IMO Maritime Carbon Tax Progress and Coordination with EU Carbon Tax |
China delegation member at IMO |
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10:30 - 10:50 |
Tea Break |
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10:50 - 11:10 |
Keynote Speech: Addressing Challenges from EU Carbon Tax and Fuel Regulations Through the Perspective of Contract Clauses |
Stinne Taiger Ivø, Deputy Secretary General & Director of Contracts at BIMCO |
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11:10 - 11:30 |
Keynote Speech: Thoughts and Suggestions on Addressing EU Carbon Tax Barriers in Shipping and Logistics |
Consulting Firm Representative |
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11:30 - 12:00 |
Keynote Speech: A bunker supplier’s perspective |
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12:00 - 13:30 |
Lunch (Buffet) |
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13:30 - 14:30 |
Panel Discussion 1: Complexities and Impacts of the EU ETS and Fuel EU Maritime Regulations. Is there a potential risk of double taxation in the future? What difficulties and risks are faced in paying carbon tax? What additional costs are imposed on ship owners? From the perspective of short-term industry competition and medium- to long-term technology application and industrial development, what is the impact of the EU carbon tax on global trade and shipping? What countermeasures do shipping companies need to take? What are the main impacts of the EU carbon tax on China-Europe shipping routes? What are the response plans for liner companies and bulk cargo ship owners? The Fuel EU Maritime will take effect on January 1, 2025. What are the latest developments in fuel selection and clean energy technology innovation for shipowners? What are the future coping strategies? Compared with the EU ETS and FuelEU Maritime, the shipping industry has not yet been included in China’s carbon trading system. What policy recommendations do we have for China’s future shipping carbon tax framework? |
Panellists: Maersk CMA CGM COSCO Shipping Line CHIPBROKER BSM CHIMBUSCO DNV |
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14:30 - 15:00 |
Tea Break |
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15:00 - 16:00 |
Panel Discussion 2: Decarbonisation Challenges in Regulatory and Commercial Contractual Contexts What are the challenges of adding decarbonisation supplementary clauses to existing contracts? In addition to the standard clauses drafted in response to the EU ETS regulations, BIMCO has also timely launched Fuel EU Maritime clauses for time charter and ship management contracts respectively. What industry demands are they mainly intended to address? What challenges do the EU shipping carbon tax bring to ship financing, insurance, court judgement, arbitration, etc.? What are the implications of the EU shipping carbon tax policy for the Chinese legal community? At present, there is no legal framework for green energy certification in China. How to promote it? How to promote the internationally agreed certification system? |
Host by Zhuang Wei Panellists: BIMCO COSCO Shipping Bulker Shanghai Maritime University Gard Stephenson Harwood Cargo Owner Survey
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16:00 - 17:00 |
Panel Discussion 3: Systematic Approach to Carbon Tax Compliance Through Industry Collaboration China is the world's largest shipbuilding country and a major shipping country with significant influence in the world. How can we ensure the green and low-carbon development of China's fleet? How can we seize the limited window of opportunity to gain more time and greater development space for developing countries to achieve net zero emissions in the shipping industry? What aspects of carbon market dialogue and cooperation can China and Europe carry out? What progress has been made in the construction of China’s carbon emission trading market? How can we accelerate its development? What is the status of the development of green energy certification institute? How to protect the enthusiasm of domestic new energy and clean energy production and manufacturing companies? How do stakeholders share carbon emission data in collaboration? In green fuel production, transportation, refueling and certification, how can upstream and downstream enterprises in the industry chain collaborate to build a green supply chain? Decarbonisation in the shipping industry cannot be separated from financial support. What roles do banks play in this? What new trends will there be in the future? |
Panelists: CANSI Regulator SIPG Shanghai Energy Exchange Chinaoil China Power Bank of China |
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17:00 - 17:15 |
Closing Remarks |
Secretary General of China Shipowners’ Association, Mr. Zhang Aiguo |
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17:30 |
Dinner (Round Table) |
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Shanghai International Port Group, COSCO Shipping Lines, COSCO Shipping Energy, China Merchants Energy Shipping, DNV, Wintell & Co Law Firm