Key Takeaways from Riviera’s European Virtual Maritime Hybrid & Electric Conference

As seen here, a multitude of opinions poured in from experts at Riviera’s European Maritime Hybrid & Electric Conference, held virtually this time against the backdrop of the ongoing Coronavirus pandemic.

In fact, the impact that COVID-19 has already had on the maritime industry – along with the influence it will continue to have, going forward, were major aspects discussed during the conference.

Some other key takeaways from the conference include the following:

Thina Margrethe Saltvedt, chief analyst for sustainable finance at Nordea, highlighted an interesting trend witnessed this year wherein demand for renewables has shot up, accompanied by a corresponding fall in demand for oil and other fossil fuels.

Further, sustainability was a theme that reverberated throughout the entire conference. In fact, it was determined that going forward through this decade, viz. the 2020s, a forward-thinking approach to sustainability would be pivotal to obtaining shipping finance.

A concerted effort to reduce emissions by the shipping industry, especially in the European region, was another major focus of the conference.

Finally, a major point of discussion at the virtual conference was the way in which stakeholders in the maritime industry would optimally work their way around environmental regulations while managing operational costs appropriately.