LONDON (Dow Jones)–The U.K. shipping industry has rejected the European Union’s emissions trading scheme, defying calls for shipping to be included in the carbon reduction program, the Guardian reports Wednesday, citing an interview with the head of the industry’s umbrella body.
“The EU’s emissions trading scheme will not work for shipping. It is not suitable. It is not a global system, and shipping is,” U.K. Chamber of Shipping Director General Mark Brownrigg said.
He said that if shipping were to be included in the scheme, as campaigners have called for, that ships would simply refuel instead at non-EU ports, the Guardian reports.
The Chamber of Shipping will publish on Wednesday discussion documents setting out how the industry could adopt different methods of carbon reduction, including emissions trading schemes and carbon taxes.
Brownrigg told the paper: “This is a complex international debate for which we need active participation from the shipping industry and governments to find a genuine solution. This must be global–through the International Maritime Organisation–rather than regional.”
(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a...
SINGAPORE, April 11 (Reuters) – Spot marine biofuel premiums have weakened further at the world’s largest bunker hub Singapore, weighed by slow demand, market sources said this week. Premiums for the flagship...
SYDNEY/WELLINGTON, April 10 (Reuters) – The U.S. Coast Guard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific Islands alongside local police are illegal, saying...
April 10, 2024
Total Views: 4557
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.