Tug owners are more than aware of the challenge of maintaining profitable and sustainable operations without jeopardising safety
Operating costs can be reduced, but nothing should impact the safety of crews, tugs, ships or ports.
In my mind, sustainability is maintaining a profitable business that does not rely on external capital for daily operations, enabling investment to be focused on growing fleets.
Profitability is when income exceeds outlay for operations, generating value across the board for all stakeholders, and money for company shareholders.
If that is not difficult enough in a competitive market, now the green agenda is adding to the challenge.
The whole maritime industry is working to minimise its climate footprint, and environmental performance has risen to the top of the agenda.
Tug owners need environmentally sustainable operations, which is driving a change in owners’ investment choices, opening opportunities for solutions to lower emissions and fuel consumption on tugs.
It is the key theme of Riviera Maritime Media’s 26th International Tug & Salvage Convention, Exhibition & Awards (ITS 2022), a premier gathering of the international tug and salvage industry being held in Istanbul, Turkey, 28-30 September 2022.
This year’s theme is maintaining safe, profitable and environmentally sustainable, year-round tug operations and will be the subject of most of the technical papers and open discussions at the supporting conference.
The social calendar for ITS 2022 and the conference programme is online and will continue to be updated during the weeks ahead.
Attendees from all over the globe, spanning the fields of regulation, owner/operation, class, design, port, supply chain, and services including brokerage, finance, law, insurance, consultancy and academia will attend.
The conference will assess these issues and highlight solutions designed to future-proof the entire industry supply chain.
Papers on our programme will consider our theme from regulatory, design, operational, technical, commercial, market, financial and ESG standpoints.
Each paper will be contextualised in one or more of the following segments: harbour tugs, escort tugs, oceangoing tugs and salvage tugs.
A keynote presentation will kick-off the conference and a roundup with leading industry players will conclude the event. ITS 2022 includes an industry exhibition, gala dinner, awards, drinks receptions and other social events around Istanbul, one of the major maritime and shipbuilding centres in the world.
Everything will be done in an environmentally sustainable way to minimise our footprint, as tug owners are increasingly challenged to do. But as they know, nothing will impact safety.
The 26th International Tug & Salvage Convention, Exhibition & Awards will be held 28 September 2022. Register your interest and access more information here
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