Basel III Rules: Recognition of ship finance positive, but further action is needed

European shipowners welcome the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance.

The new rules will allow banks to apply preferential treatment to shipping portfolios on specialised lending when calculating risk weights and ultimately their capital...

European shipowners welcome ratification of the Hong Kong Convention as a major breakthrough

14 years since the adoption by the International Maritime Organization, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) was ratified yesterday. With the ratification by Bangladesh and Liberia, the Hong Kong Convention will enter into force in two years. This is...

European Shipping Summit 2023: Registrations are open!

We are very happy to announce that the registrations for the European Shipping Summit 2023 are open!

The European shipping industry is pleased to invite policy makers, regulators and stakeholders from the maritime world and beyond to its “European Shipping Summit”. The event will take place in Brussels on 19...

European shipowners welcome pledge of Bangladesh to ratify Hong Kong Convention

During a visit to Bangladesh by Norwegian authorities, the Norwegian Shipowners' Association, the International Chamber of Shipping, BIMCO and ECSA, between 8-11 May 2023, the government of Bangladesh confirmed that the country will ratify the Hong Kong Convention, allowing for the convention to enter into force.

The Hong Kong Convention...

Save the date: European Shipping Summit 2023

We are pleased to invite policy makers and stakeholders from the maritime world and beyond to the European Shipping Summit 2023!

Join us for two days of high-level dialogues, brainstorming sessions and workshops in Brussels.

The event will take place at the Royal Museums of Fine Arts in Brussels on 19-20 September 2023.

Programme...

New ETS law: Earmarked revenues can mark a turning point for shipping’s decarbonisation

European shipowners welcome the formal approval of the new EU ETS law today by the plenary of the European Parliament. Earmarking around 2 billion Euro of the revenues of the Innovation Fund for the maritime sector can mark a turning point in the decarbonisation of the industry.  

Importantly, the...

ECSA and ICS warmly welcome EU decision to recognise training and certification of Filipino seafarers

The European Commission decided today to continue to recognise the Philippines' training and certification system. ECSA and ICS welcome this positive development, as Filipino seafarers play a central role in global shipping and in keeping trade moving.

ECSA (European Community Shipowners’ Associations) and ICS (International Chamber of Shipping) warmly welcome...

ECSA statement on piracy attack in the Gulf of Guinea

Attack on Danish-owned vessel in the Gulf of Guinea highlights the continued threat from piracy and the need for sustained, coordinated efforts.

Danish-owned vessel ‘Monjasa Reformer’ was attacked last Saturday by pirates in the Gulf of Guinea, reportedly resulting in the kidnapping of members of the crew.

Following a relatively...

Statement of CLIA and ECSA on the Renewable Energy Directive (RED) and its transport targets

Brussels, 28 March 2023 - Based on the initial political agreement achieved on 23 March on the FuelEU Maritime, the onus is put on maritime operators to use renewable fuels, without any corresponding obligation on the supply side.

In advance of the final round of negotiations on the Renewable Energy...

FuelEU Maritime: a step forward towards shipping’s energy transition

Following months of intense discussions, negotiations on the FuelEU Maritime Regulation came to a close earlier this morning. European shipowners welcome the climate ambition of the new Regulation and consider it as an essential stepping stone towards establishing the right conditions for the energy transition of shipping.

The agreement gives...