While the structure of Imo's strategy to curb greenhouse gases has been largely agreed, the UN body says the detailed text is still under discussion. "A wide range of detailed proposals were put forward for inclusion in the draft initial strategy," said Imo commenting on the October 23-27 meeting of Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships.

The first to say "shipping is facing the perfect regulatory storm", during this week's Capital Link CSR forum in Athens, was Apostolos Poulovassilis, the event's very first speaker. Indeed, the day was only a few hours old when it became obvious the event's title 'Operational Excellence in Shipping' was difficult to achieve, with Poulovassilis soon to observe, "operational excellence is far from excellent".

Shipping and Island Policy minister, Panagiotis Kouroumplis, has tabled a 'catch-all' bill in parliament which includes regulations reducing bureaucracy, legalise port facilities, simplify the procedures for small but necessary projects up to Euro 20,000 and regulate the age of certain types of ships that operate in Greek waters and hand more regulatory duties to classification societies.

Industry associations, the International Chamber of Shipping (ICS), Bimco, Intercargo, Intertanko and European shipowner body Ecsa, are 'broadly satisfied' with the progress made at the critical, October 23 / 27, Imo meeting which continued the development of a comprehensive CO2 reduction strategy for the international shipping sector. However, the NGOs are not so pleased.

Greece should itself shape the conditions that allow its effective transformation into an integrated freight center and European gateway for transport, by developing a national strategy exploiting all its potential by providing support services, an EY survey finds.