The urgent need to address climate change and at the same time continue to supply the economy with the affordable energy it needs to grow and help to maintain our standard of living is a conundrum facing many nations all over the world. The pain of transition is being felt particularly acutely here in Australia.
In the shipping world, the challenge of meeting the low sulphur fuel regulations, the resulting shift in fuel demand, and the ongoing need to power maritime trade, while meeting the IMO GHG emissions reduction targets, has created a significant time of change for the global shipping industry.
It is a time of great disruption, with new challenges faced and new opportunities being offered.
With abundant supplies of LNG in close proximity to Australia’s largest export port, the adoption of LNG to power Australia’s dry bulk export market in the short term, and begin the transition to zero carbon shipping, makes a lot of sense.
Recognising where there is a natural convergence of new energy sources and maritime activity will accelerate this transition, and it is important for industry to have a broad understanding of developments in the Australian energy sector. We are only limited by our imagination and ingenuity.
Other key themes to be discussed at the Modern Maritime Conference are:
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Maritime Industry Australia Ltd
03 9647 6000