As he stressed, the challenge of the era is the substantial reduction of shipping’s environmental footprint, with balanced regulations.
“It is an opportunity to take substantial steps for the reduction of our footprint, with political will and correct public perception. We must do it right,” he noted, stressing the need for balanced regulations that will enhance and not hurt the viability of the shipping sector.
Ms. Prokopiou spoke of the fine line between “good regulation that allows shipping to flourish” and “bad regulation that destroys it,” citing the Jones Act as an example, which increases the cost of ships by up to five times.
