Shipping industry already 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 storyShipping emissions will soon have a price tag and the cost will eventually be passed on to the charterers. Charterers who start factoring carbon into their commercial shipping decisions will find efficient ways to reduce shipping emissions whilst safeguarding profitability and gaining a competitive edge.
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The 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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