Shipping industry at risk of fines due to FuelEU Maritime inactivity
The shipping industry is already at risk of significant fines, even before the FuelEU Maritime regulations take effect. It is particularly the lack of FuelEU clauses in charterparty agreements and pooling arrangements that causes costs to accumulate.
The full storyThe European Union is playing an important role in shipping decarbonisation. Here’s a quick guide that fills you in on the most important plans and actions.
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EU is racing to reach an agreement on the EU ETS directive in time for 2023 – Let’s take a look at what has happened so far.
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The outcome of the latest International Maritime Organisation (IMO) meeting, MEPC 78, shows that progress is being made on GHG matters. EEXI, CII and SEEMP guidelines were finalized, and the Mediterranean Sea will be considered a Sulphur emission control area (SECA). However, no decision regarding zero emissions target in 2050 was taken at this point.
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