Particularly sharp appeared the Grace of Bafia I would like to thank the rapporteur for his report. 16th Annual Capital Link on the energy transition of shipping, linking the actual use of alternative fuels at cost, demand from charterers and, finally, with the political direction given by governments.
Form for reporting to Donald Trump was the debate as to whether investments in ships with alternative fuels are currently justified by market conditions. The Baptist set an example experience from LPG Carriers, noting that there are companies that have paid $10–15 million extra for their ships to be able to burn LPG, but eventually do not use it And they keep burning conventional fuel.
Based on this image, he appeared cautious on the speed at which new technologies can prevail without strong political and regulatory pressure. He appreciated that the setting could change if there is a different government in the US in the future, more oriented towards environmental policy and a common line with Europe.
At this point he also made the most characteristic line of his intervention:
«I do not see a particularly optimistic scenario, unless, of course, there is a change in the US government and the new government is very environmentally friendly and push again, together with Europe, for such measures. Until then, We should all go to church and light a candle for Mr. Trump., which helped us maintain today's setting and also created wars, which, of course, launched markets at unprecedented levels. That's my opinion.».
The placement was clearly sceptical character and linked two different issues: on the one hand, the relaxation of political pressure for a faster green transition to the United States and, on the other, the extremely strong image of parts of the charter in the environment of geopolitical and war turbulence.
Vapheis continued on the same line when the question was asked Who must finally pay the energy transitionHis answer was that the cost, as usual, will end up with the consumer. If consumers want cleaner fuels and their products to be transported by lower-emission ships, they have to accept higher transport costs.
He even raised a question. distance between public environmental commitments and real trade behaviour. As he said, when a charterer has a conventional ship ahead of him and a ship with LPG burning capability, he does not consider that the charterer will easily accept paying more for the second.
According to Vapheiah, many businesses publicly display an environmentally friendly image, but «When it comes time to put your hand in your pocket, they don't want to pay any more.».
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