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It’s time for action

Opening the first panel at the 2020 SAFETY4SEA Limassol Forum, Tuesday March 10th, Mr. Ilias Tsakiris, CEO, of American Hellenic Hull Insurance Company, highlighted that it is time for action for a more sustainable shipping industry.

Furthermore, he shared the key pillars of focus for the industry to reinvent the way it does business in line with the UN Sustainable Development Goals. Discussing also how the International Maritime Organization’s regulations affect the marine insurance industry, he focused on how marine insurers should respond to environmental, societal and governance risks arising from these regulations.

“Building a resilient future for all should not only be focused on implementation of regulations developed by international or national organizations”, Mr. Tsakiris told the audience.

In addition he stressed that we need to fully embrace sustainability and this will occur only if all stakeholders related to the maritime adventure – the Organizations and Regulators, the shipping industry, and the services related to the maritime industry such as the marine insurance community – all sit at the same table and enhance the dialogue that will lead to regulations, targets and best practices that can actually be implemented by the industry.

“Looking ahead, the coming decade is the decade of sustainability and as a maritime community we should all do our utmost to successfully confront the challenges involved” he concluded.