Resumen de Regulations pose new challenges for shipping
"How are we going to meet and comply with these regulations and how is it going to pan out? The simple answer is I don't know. It's going to be an interesting and game changing set of circumstances that we face in the very near future," said Chris Hunt, director general at the UK Petroleum Industry Association.
In what is arguably a less contentious change for the shipping industry's regulatory climate, increasing pressure on the banking sector to de-risk its investment holdings is leading to a number of "permanent adjustments" in shipping finance, according to one influential banker.
"These [banks] are unlikely to return soon, if ever," he said. "We will continue to see more focus by regulators and we will continue to see the shrinkage of those banks that have announced their scale backs."
