When EU Institutions Changes: What is the Impact on Ship Supply and OCEAN?
Jens Olsen, former OCEAN Chairman & forner ISSA President, shares his view
In an exclusive reflection, Jens Olsen, Company Director, OCEAN Treasurer, and former OCEAN Chairman (1998-2004), as well as Ex ISSA President (2009-2014), shares his insights on the recent changes in European institutions and what they mean for the ship supply sector. You won't want to miss his perspective on how these shifts will impact our industry.
So, here we are - at last! All three EU institutions have been officially renewed, and leaders have been replaced (or maintained). We are set for the next five years.
What does this mean for ship supply in Europe?
Here is my take on it!
Change in the European Parliament and Its Impact on Ship Supply
Let's start with the European Parliament!
The 2024 European Parliament elections marked a pivotal moment in shaping the future of EU policies. With nearly 400 million EU citizens voting in June 2024, the results revealed a shift towards right-wing populism, which could alter the course of EU legislation. As political dynamics evolve, industries like ship supply, which depend on stable regulations and international trade, will be significantly impacted.
In a recent blog, my colleague Mr. Karl Aquilina of the Maltese Ship Supply Association explored the importance of these elections for the ship supply industry. I encourage you to read his insights, which shed light on our sector's potential challenges and opportunities.
The Renewal of the European Commission and Its Implications for Ship Supply
As we look toward the renewal of the European Commission, a new chapter begins for ship supply, with leadership changes that will influence policies for the next five years. On September 17, 2024, President Ursula von der Leyen presented the new College of Commissioners, and after approval by the European Parliament on November 27, 2024, the new leadership officially took office on December 1, 2024.
This transition brings essential opportunities for the ship supply industry. The EU's renewed focus on competitiveness, driven by the "Competitiveness Compass," emphasises innovation, decarbonisation, and security. These goals demand substantial investment and the simplification of processes, key areas where the ship supply sector must align to remain resilient and competitive in an ever-changing landscape.
I commend the European Commission for its efforts to close the innovation gap, particularly by supporting research, technology, and start-ups. This initiative allows ship supply companies to improve operational efficiency and sustainability through the latest technologies and innovations.
A major priority for OCEAN in the coming years will be collaborating with EU Commissioner Maros Sefcovic to address the time-sensitive issue of EU Customs Reform. Ship supply guidance must be integrated into the UCC's implementation and delegating acts to simplify processes and ensure smoother operations for the industry. Streamlining the regulatory framework for ship supply will enhance efficiency across Europe.
The ongoing push towards a net-zero economy will also have profound effects on the ship supply sector. I am particularly interested in how the "Clean Industrial Deal" will address the challenges we face and support industries like ours on the path to sustainability. The Commission’s focus on strengthening economic security and stabilising supply chains is also crucial for the ship supply industry, as we rely heavily on sourcing raw materials globally.
The complexity of Europe’s current regulatory environment, with its overlapping rules and compliance burdens, continues to hold back ship suppliers. Simplifying these regulations will be essential to fostering competitiveness and sustainability in the ship supply industry. Commissioner Valdis Dombrovskis’ leadership on simplifying processes is a promising step, and we look forward to engaging with the new "omnibus legislation" to reduce administrative burdens that hinder our sector.
What Does This Mean for OCEAN and the Ship Supply Sector?
As the European Commission takes office and the political landscape shifts, the ship supply industry faces a rapidly changing environment. OCEAN’s proactive response will be critical in safeguarding the interests of ship suppliers across Europe. The implications for the sector are significant, and our organization must navigate these challenges to ensure our voices are heard in Brussels.
OCEAN has long been a champion for the ship supply industry, and as we approach our 50th anniversary in 2026, our well-organized structure and experienced representatives will play a crucial role in influencing decisions that shape the future of maritime trade. Navigating these changes will require agility and foresight, but with the support of OCEAN, we are well-positioned to drive positive outcomes for our industry.
OCEAN’s Role: Shaping the Future of Maritime Trade
While some may hope for a slowdown in new legislation, the pace of policy development is accelerating, and the ship supply industry must keep up. OCEAN’s continued advocacy will be crucial in ensuring that the needs of the ship supply sector are not only met but are a driving force in shaping the future of maritime trade.
By staying ahead of the curve and collaborating with key EU stakeholders, we can help ensure that ship supply remains a vital and competitive part of the European economy.
Looking Ahead: A Sustainable Maritime Future
The next few years will be critical for the maritime industry, especially as the EU intensifies its focus on climate change and economic sustainability. For ship suppliers, this presents a unique opportunity to lead the transition towards greener, more sustainable practices. As the EU Commission sets its course, OCEAN will be at the helm, advocating for policies that ensure a thriving, resilient maritime sector.
As we enter this new era of EU leadership, let’s stay focused, proactive, and united in shaping a sustainable future for maritime trade. The time to act is now!
