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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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.