Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Technology, cooperation and regulation steer second day of Maritime Cyprus 2025 
    Stock Market

    Technology, cooperation and regulation steer second day of Maritime Cyprus 2025 

    October 8, 20255 Mins Read


    The second day of the Maritime Cyprus 2025 Conference, held on Tuesday, brought together international industry leaders for discussions on insurance, ownership, and chartering trends under the theme “Unlocking the Future of Shipping.”  

    Throughout the day, speakers and delegates examined how cooperation, technology, and long-term thinking will shape the sector’s evolution amid continued regulatory, geopolitical, and economic pressures. 

    The day began with the panel “P&I Market: Latest Developments and Update about the Renewal Season 2026,” moderated by Filippo Fabbri, CEO at Lockton P.L. Ferrari, and featuring Paul Jennings, Managing Director at NorthStandard, Andrew Taylor, CEO at UK P&I Club, Jonathan Andrews, CEO at Steamship Mutual, and Rolf Thore Roppestad, CEO at Gard AS. 

    During the discussion, speakers focused on the resilience of the protection and indemnity market and the challenges shaping the 2026 renewal season.  

    According to the panel, greater transparency, data sharing, and the use of artificial intelligence are becoming increasingly vital to managing risk and strengthening the collective voice of the International Group. 

    Roppestad said global cooperation remains key, recalling that the introduction of the double-hull standard “was one of the most successful regulatory milestones in modern shipping.”  

    Since its adoption, he noted, oil spills from tankers have dropped by more than 95 per cent, clear proof that international collaboration delivers tangible results for both safety and the environment. 

    Jennings added that the industry must do more to communicate its achievements to policymakers and the public, stressing that regulators and shipowners should be “transparent together.”  

    Meanwhile, Taylor and Andrews pointed out that AI is already reshaping underwriting and claims management, though both agreed that human judgment and trust remain central to the concept of mutuality. 

    In addition, panelists discussed the growing impact of sanctions, nuclear verdicts, and fragmented regional regimes on insurance stability, calling for closer alignment across jurisdictions to safeguard the integrity of global trade. 

    Later in the day, attention turned to the session “The New Era of Shipowners… Unlocking the Future,” moderated by Nicolas Bornozis, Founder and CEO of Capital Link.  

    The panel brought together John A. Xylas, President and CEO at Ariston Navigation Corp., Polys V. Hajioannou, CEO, Chairman and Director at Safe Bulkers, Filippos Efstathiou, CEO at Efnav Company,  and Capt. Stephanos E. Angelakos, CEO at Angelakos (Hellas) S.A.  

    Together, they explored how shipowners are navigating uncertainty around decarbonisation, regulation, and technology. 

    Xylas reaffirmed support for a single global regulatory framework under the IMO, describing it as essential for predictability and fairness. Hajioannou said that while shipowners are ready to adapt, “the cost of compliance inevitably passes through the supply chain,” calling for realistic timelines and balanced measures.  

    Efstathiou cautioned against “investing against a moving target,” arguing that acting prematurely on unproven technologies could backfire.  

    Moreover, Angelakos reminded that seafarers remain the backbone of the industry, urging continued investment in training, welfare, and retention. 

    As the session drew to a close, there was broad agreement that the Cyprus flag continues to stand as a benchmark for quality and competitiveness in global shipping.  

    The panelists particularly referred to the efficient 24/7 services offered by the Cyprus flag, as well as its high standards, proven track record, and strong international reputation. 

    Meanwhile, the final industry session of the day, “The Charterers’ Outlook: Navigating Markets, Risks, and Opportunities,” was moderated by Hajioannou and featured Joe Windscheffel, Director of Global Panamax Trading at Cargill Ocean Transportation, Benjamin Patchell, Global Head of Panamax Trading at Mercuria Energy Trading, and Mark Thompson, Senior Freight Trader at Olam Agri. 

    The discussion provided a charterer’s perspective on evolving commercial relationships, regulatory costs, and trade dynamics.  

    Speakers discussed the RightShip 10-year inspection policy, with Windscheffel saying that initial challenges have been outweighed by “enhanced safety and transparency.”  

    Patchell and Thompson agreed that vessel age matters less than responsible operation, stressing that older ships can remain competitive and safe when properly managed. 

    Turning to regulation, panelists examined the effects of the EU ETS and FuelEU Maritime, which have reshaped trade flows and vessel deployment.  

    Windscheffel explained that compliance costs are now priced into freight markets, while Patchell observed that more efficient vessels are naturally gravitating toward European routes.  

    Thompson warned that “regulations often disrupt operations more than they serve consumers,” pointing to the risk of rising protectionism and fragmented policy responses. 

    The session concluded with a discussion on closer cooperation between shipowners and charterers through initiatives such as the Dry Bulk Management Standard (DryBMS).  

    Hajioannou described the two sides as “two sides of the same coin,” emphasising that collaboration remains fundamental to a resilient maritime supply chain. 

    Finally, the day wrapped up with an afternoon session on “Embracing Innovation and Youth,” which featured presentations and demonstrations for young maritime professionals on METAVASEA, Drone Delivery, and IMarEST.  

    The European Maritime Safety Agency (EMSA) also delivered presentations on its services, as well as on the implementation milestones of FuelEU Maritime and the EU ETS. 

    Today, Wednesday, marks the third and final day of the Maritime Cyprus 2025 Conference, which will conclude with sessions focusing on climate resilience, regulatory adaptation, safety at sea, and the impact of technology on shipping and seafarers.  

    The event will close with reflections from international leaders and a forward-looking dialogue on how innovation, policy, and collaboration can continue to shape a sustainable future for global shipping. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Why Did Stock Market Fall Today? Key Factors Behind Sensex, Nifty Decline On October 30 | Markets News

    Stock Market

    Tokyo auto show highlights technology but Trump’s tariffs loom large

    Stock Market

    Trump-Xi meet to begin shortly; Futures recover in anticipation

    Stock Market

    Utilities Flat on Defensive Bias – Utilities Roundup

    Stock Market

    This Dividend Stock Down 20% is My Contrarian Buy of the Year

    Stock Market

    Lessons From The Front Lines

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    NorthWestern Energy defends committee membership, closed meetings • Daily Montanan

    Stock Market

    2 Magnificent Dividend Stocks to Buy Now and Hold Forever

    Commodities

    Unlocking agricultural innovation and sustainability

    Editors Picks

    Strengthening agricultural ties | The Star

    October 6, 2025

    The Commodities Issue 2025 | Global Trade Review (GTR)

    January 20, 2025

    Axo Copper Drills 3.1% Copper Equivalent Over 5.8 Metres in First Batch of Phase II Assay Results

    August 18, 2025

    Trive Property nomme Lau Tong Hwee au poste de directeur exécutif

    April 22, 2025
    What's Hot

    Armis Acquires OTORIO to Expand its Leadership in Operational Technology and Cyber-Physical Security

    March 6, 2025

    Chinese Investors Dump Record Amount of US Stocks and Bonds

    July 19, 2024

    Line Investments & Property concludes UAE’s biggest summer shopping carnival with exciting car giveaways

    July 5, 2025
    Our Picks

    Africa Energy veut s’associer à PetroSA sur le bloc offshore 11B/12B

    June 12, 2025

    What’s next after permitting it for public service fees in Dubai?

    May 13, 2025

    Fintech in Insurance Market to Develop New Growth Story

    August 24, 2024
    Weekly Top

    Thawani wins Visa licence to issue credit cards, a first for Oman’s fintech

    October 30, 2025

    New Sanlam Property Impact Fund targets SA’s ‘missing middle’

    October 30, 2025

    Dubai to launch new financial centre powering fintech and digital asset growth

    October 30, 2025
    Editor's Pick

    China’s August Copper imports edge higher – ING

    September 8, 2025

    Alibaba confident of winning China’s instant commerce war as quarterly profit surges 78%

    August 29, 2025

    Apply For Our 2025 List

    October 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.