Maritime industry perspectives took center stage on day two of the 52nd Annual General Meeting, Conference and Exposition of the Caribbean Shipping Association (CSA) in San Juan, Puerto Rico on November 1.
The more than 300 delegates in attendance were invited to reflect on industry perspectives in the areas of maritime law, decarbonization, port dynamics, supply chain and logistics, and terminal development. cruise.
The day’s session began with “Unifying and Advancing Private Maritime Law and Practice: The Bill of Lading Legal Framework,” presented by Najla King, Managing Director of CariMarine Industry Development and Consultancy Services. In his presentation, moderated by the President of the Shipping Association of Barbados, Naglia Simone Phillips, King said that the CSA and its members could benefit from the inclusion of a regulatory development dimension in its portfolio in terms of maritime affairs. private business.
This discussion was followed by a presentation on “Leveraging Your Unique Strengths as a Family Business,” which was moderated by Daniel Van der Vliet, Executive Director of the Smith Family Business Initiative at Cornell University. Van der Vliet said family businesses dominate the global economy and will continue to play a key role in building trust and providing essential services as public corporations grow larger and uncertainty prevails. The session was moderated by Anibal Ochoa, Commercial Director of Sociedad Portuaria Regional de Cartagena.
The importance of decarbonization, the removal or reduction of carbon dioxide from the atmosphere, was highlighted during a panel on “Low Carbon Pathways in Caribbean Maritime and Port Services” . The panel included presentations from Eduardo Pagan, Vice President and General Manager of Tote Maritime; Nelson Mojarro, Head of Innovation and Partnerships at the International Chamber of Shipping (ICS); Roberto Aiello, senior regional energy specialist at the Inter-American Development Bank; Sita Narayanan, director of the Port of Guadeloupe; and moderator Philip Gray, Managing Director of GrayShip BV.
Presentations on “Port dynamics in the Caribbean region and Latin America” by Sabine Bajazet, Head of Communications and External Affairs at CEIBA, and “Supply chain and logistics overview and outlook for 2023” by Lars Jensen, CEO of Vespucci Maritime followed. The latter was moderated by Juan Carlos Croston, vice president of marketing and general affairs at Manzanillo International Terminal and past president of CSA.
Jensen shared that IMO2023, measures to target vessel efficiency and carbon intensity will become effective over the coming year and will have significant implications for the industry. He said the measures will gradually integrate into the market, with estimates suggesting they will reduce effective capacity by up to 10% as ships gradually slow down to comply.
Reijmers said the cruise industry will see passenger numbers surpass pre-pandemic levels in the coming year. The pandemic has shown the volatility of revenue models, he shared, noting that the resulting persistent pressure made it difficult for organizations to eliminate high debt. The post-pandemic cruise market will require resilience and changing market dynamics, which includes increased levels of experience and quality and smaller, more private destinations.