Natalie Winters

Right now, as I mentioned, we're discussing the IMO, but

This is very important because that would be a clear acceleration of that agenda in terms of the economics of it.

And we also have this very peculiar development, which is quite representative of the public-private partnership, how would you say, ethos.

But you have the shipping industry that is actually behind this.

And on October 9th,

you had a statement from different – how would you say –

associations of shipping companies coming out in favor of this transition, which is really odd because obviously they would be taxed, but they know that the customer at the end of the day, us citizens, will be the people that will be incurring the costs.

And another important point, which I think is really important, is that

China stands to gain from this because the idea is that they would be phasing out all of these ships that run on carbon fuels for ships that are built on alternative fuels.

And China, obviously, is the main player when it comes to shipbuilding.

I think China...

accounts for over 60% of the new bills.

And obviously you have Japan and also South Korea that are main players, but this would clearly lead to an increase of maritime influence by China should this move forward.

You know, the WHO is one of the main other key vehicles.

We've discussed it many times on the show and I'm still monitoring what's going on there.

They are still having the negotiations on

on their pandemic treaty.

They pretended that everything had been solidified and ratified back in May, but they left out the meat of the agreement in this annex, the PABZ annex, and this is still currently being negotiated.

So we will have to look to the annual assembly, the World Health Assembly next May, coming up in a few months from now.

You obviously have the World Economic Forum