The person or organisation responsible for the compliance with the EU ETS should be the shipping company, defined as the shipowner or any other organisation or person, such as the manager or the bareboat charterer, that has assumed the responsibility for the operation of the vessel from the sh...
On November 23, "International Shipping and EU ETS Seminar" jointly organized by the China Shipowners' Association, the China Association of the National Shipbuilding Industry, and BIMCO was successfully held in Beijing. The meeting was presided over by Zhuang Wei, general manager of BIMCO Asia. L...
As the EU has proposed the inclusion of shipping in the EU Emissions Trading System(EU ETS)starting next year or 2024,Director of Innovation Garry Noonan at Bermuda-based Ardmore Shipping believes that more vessels will under retrofits to improve energy efficiency while reducing emissions.Measures ...
Under the EU ETS, in relation to each compliance year, shipping companies will be required to surrender EUAs relating to their carbon emissions in that year. Shipping companies will be provided with a free allocation of EUAs. Additional EUAs can then be purchased on the secondary market or boug...
The Emissions Trading System (ETS) aims to create a financial incentive for shipping companies to reduce their GHG Emissions in accordance with EU’s aim of being climate neutral by 2050 – an economy with net-zero greenhouse gas emissions. As with past regulations, we will introduce a surcharg...
On 18 December 2022, the Council and the European Parliament of the EU reached a provisional political agreement on reforming the EU's emissions
2024 marked the inclusion of shipping in the EU Emissions Trading System (EU ETS) Color Line is actively preparing for future requirements: Route optimisation and energy efficiency initiatives Increased use of biofuel and silicone-based hull coatings ...
Shipping will “no longer be let off the hook for its massive impact on climate”, after members of the European Parliament, Council of Ministers and EC yesterday reached a deal that will see the sector subject to the EU Emissions Trading System (EU ETS) by January 2024. ...
The European Union Council and Parliament have agreed amendments to include shipping in the EU emissions trading system (EU-ETS) from 1 January 2024. Further to our earlier advice on the European Union Council and Parliament reaching a prov
One of the major talking points in ocean freight shipping is the introduction of EU ETS carbon emissions regulations in 2024. Is this a sign of the industry getting serious about its environmental responsibilities or another initiative which is full of good intentions but...