The European Commission on Wednesday (9 December) published its strategy paper ‘Sustainable and Smart Mobility Strategy-putting European transport on track for the future’.
When revising the Energy Taxation Directive, the Commission said it will aim at aligning taxation of energy products and electricity with EU energy and climate policies.
As part of the ongoing impact assessment, it is looking closely at current tax exemptions, including for aviation and maritime fuels, and will make proposals on how best to close any loopholes in 2021.
The taxation of energy content for various fuels should be better aligned, and the uptake of sustainable transport fuels better incentivised.
With regards to shipping, the paper states the deployment of alternative marine fuels, efforts under the zero pollution ambition should be made to drastically reduce the broader environmental footprint from the maritime sector.
The Commission also aims to prioritise the establishment of wide ranging ‘Emission Control Areas’ in all EU waters ultimately aiming at zero pollution to air and water from shipping for the benefits of sea basins, coastal areas and ports.
In particular, the Commission said it has spearheaded efforts for covering the Mediterranean Sea and it aims to start similar work for the Black Sea.
Furthermore, the EU legislation on ship recycling will be reviewed, in order to determine possible measures to strengthen that legislation, i.e. to further promote safe and sustainable ship recycling practices.
Photo credit: guillaume-perigois
Published: 11 December, 2020
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.