European shipowners: "We tend to sit on the fence"

"We sometimes fail to respond to regulatory initiatives in a proactive manner," says the European Community Shipowners' Association in response to criticism that the carriers are too slow to act on new regulations, especially in terms of the environment.

Earlier this week, departing CEO of DNV GL, Henrik O. Madsen, aimed a strong criticism at the shipping industry and the major shipowners - and the European Community Shipowners' Association (ECSA) now acknowledges that there is a basis for the criticism.

"Shipping is a very conservative, actually too conservative, industry. The attitude in the industry is mainly that any new regulation introduced is basically negative. I could hope that, going forward, they will change from seeing every new regulation as a risk to instead also thinking of a regulation as an opportunity," said Henrik O. Madsen in an interview with ShippingWatch.

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