Stephen Fewster, ING's global head of Shipping Finance, shares insights at recent inaugural meeting
The Maritime International Advisory Panel (IAP), chaired by Singapore’s Minister for Transport and Minister-in-charge of Trade Relations Mr S Iswaran, held its inaugural meeting on 5 and 6 April during Singapore Maritime Week 2022.
ING was the only financial institution invited to be on the panel of global business leaders from the maritime sector and adjacent industries. Stephen Fewster, ING's global head of Shipping Finance has been appointed to represent us on this panel set up by the Ministry of Transport and the Maritime and Port Authority of Singapore. This is a two year appointment.
The Maritime IAP aims to seek global perspectives on key trends that will shape the maritime industry, and how the various stakeholders can collaborate to enhance the connectivity and resilience of the industry and supply chains. During the meeting, Stephen talked about the broad trends impacting the global economy, trade and supply chains, and shared his ideas to enhance collaboration through the digital and green corridors.
Mr S Iswaran said: "The disruptions from the pandemic have highlighted the importance of having a connected and resilient global maritime supply chain. It is critical to keep global supply chains flowing to bring supplies and goods to countries and people who need them. As more countries in the world open up their economy and transit to living with COVID-19, it is also important that we pay heed to the driving forces that are shaping the future of the maritime sector. The Maritime IAP, comprising prominent leaders from maritime and related sectors, will help us chart the way forward."
Stephen was also re-elected as the Treasurer of the Poseidon Principles in April. Poseidon Principles is a organisation that provides a global framework for responsible ship finance.