By Capt. Emmanuel Iheanacho
The maritime industry has indeed implemented various protocols to mitigate the impact of future disruptions after the COVID-19 lockdown. Let’s break down the key points and issues:
Protocols Implemented Post-COVID-19
– Enhanced Health and Safety Measures: Stricter health protocols, such as crew temperature checks, social distancing, and enhanced cleaning procedures, have been adopted by ships and ports.
– Digitalization and Contactless Operations: The industry has accelerated its adoption of digital technologies, enabling contactless operations, remote work arrangements, and digital documentation.
– Emergency and Business Continuity Plans: Stakeholders have developed emergency response plans to minimize disruptions to global supply chains.
– Cooperation and Communication: Enhanced collaboration between shipping companies, ports, and government authorities has facilitated information sharing and coordinated responses.
– Prioritization of Essential Goods: Protocols have been established to prioritize the transportation of critical goods, such as medical supplies and food.
Current Challenges and Initiatives
– Environmental Sustainability: The industry is working to balance sustainability with economic demands, particularly with the International Maritime Organization’s (IMO) decarbonization goals.
– Decarbonisation Efforts: The industry is shifting towards cleaner fuels and technologies, with 21% of vessels on order expected to operate on alternative fuels like LNG, methanol, and hybrid technologies.
– Digitalization: The adoption of digital solutions like AI and blockchain is increasing to improve efficiency and sustainability.
– Noise Reduction: The IMO has introduced guidelines to reduce underwater noise pollution from ships, which can harm marine life.
Impact on Global Economy
– Cost of Inaction: The cost of inaction on decarbonization far outweighs required investments, with estimates suggesting $8-28 billion annually for decarbonization by 2050.
– Economic Setbacks: Small island developing states and least developed countries may face significant economic setbacks due to increased costs.
Key Takeaways
– Risk Management and Contingency Planning: Developing robust risk management strategies and contingency plans is crucial for the industry’s resilience.
– Diversification and Flexibility: Exploring ways to diversify supply chains and increase flexibility and respond to disruptions is essential.
– Investment in Digital Infrastructure: Continuing to adopt digital technologies will enhance efficiency, transparency, and reliability in maritime operations.
*Captain Emmanuel Iheanacho is the Chairman/CEO of Genesis Worldwide Shipping. He is also the chairman of Integrated Oil and Gas Company Ltd.
