Dr. Panayotis Zacharioudakis, Managing Director of OceanFinance Ltd. has given a presentation to Maritime stakeholders from Dubai and the UAE in the premises of the Dubai Maritime City Authority regarding the environmental regulatory framework posed by IMO aiming at minimizing emissions from ships.
Dr. Zacharioudakis discussed the implications from the intention of the International Maritime Organization (IMO) to hasten the global enforcement of the sulphur cap limit in 2020 and the way forward for the Arabian Gulf.
Τhe time period required for a safe and efficient transition to the era of alternative fuel is narrowing and actions should be swiftly taken in order to prevent the creation of bottlenecks and risks for the maritime business and the activities of UAE ports. Τhe right actions that will aim at the establishment of the required infrastructure and the creation of a critical mass of alternative fuelled Vessels could assign a leading role to UAE between the countries of GCC in the developments that the new regulations will cause.