The European Committee Shipowners’ Associations (ECSA) on Tuesday (15 September) said it regrets a decision of the plenary in the European Parliament to draft a proposal to include shipping under the EU’s Emission Trading System (EU ETS).
This proposal has been put forward before a thorough impact assessment had been carried out, and under an unrelated piece of the legislation on the emissions monitoring system – the EU MRV.
The proposal aims to pre-empt the conclusions of the European Commission’s impact assessment study and undermines the ongoing negotiations at the UN International Maritime Organisation.
The move risks introducing sub-optimal environmental regulations at the EU level, contributing to a regulatory patchwork and an increased fragmentation at the international level, said ECSA.
It also noted that a recent study about the implications of the EU ETS on international shipping found that such a measure would undermine the international negotiations to implement the IMO’s Initial Strategy on Reduction of GHG Emissions from Ships and would increase political tension with third countries, potentially leading to trade disputes.
Another essential finding relates to the administrative burden and associated costs especially for small and medium-sized enterprises (SMEs), which accounts for the majority of shipping companies.
The use of the revenues is another critical point: depending on the final set-up, the revenues from the EU ETS would most likely not support efficiency projects and, in that case, it would not facilitate the energy transition of the sector.
The shipping industry is fully committed to eradicating its GHG emissions completely, in line with the ambitious targets set in the initial IMO GHG strategy concluded in 2018, said ECSA.
The IMO Strategy includes a target to cut total GHG emissions from international shipping by at least 50% by 2050 (compared to 2008). This implies that new builds will already have to be carbon-free in 2030.
It also sets up a carbon intensity target for international shipping, i.e. to reduce CO2 emissions per transport work by at least 40% by 2030 towards 70% by 2050, compared to 2008. Among other measures, the IMO Strategy may also develop a global market-based measure to help deliver the agreed targets.
“The whole European shipping is fully committed to decarbonisation and stands behind the EU’s bold ambition to become the world’s first carbon-neutral continent,” said Martin Dorsman, ECSA Secretary General.
“In our opinion, imposing any regulatory measures without measuring the impact on shipping is not prudent. Regional measures have been criticised for undermining global negotiations at UN IMO level and may slow down or even reverse the progress that has already been made
“We trust that the Council will put on hold any proposals until a thorough and comprehensive impact assessment is carried out. Any decision that will be taken has to truly work and actually deliver results.”
Related: World Shipping Council publishes paper questioning EU ETS impact on reducing GHG
Photo credit: EU Flag
Published: 16 September, 2020
A factor which weighed heavily in favour of forfeiture was Prime South being extensively used to receive misappropriated gasoil from Shell Pulau Bukom.
Creditors required to send in their names and addresses and the particulars of their debts or claims, amongst others, within thirty days to the appointed liquidator.
Carnival awards Shell with multi-year contract to provide marine lubricants to its ships where it will also offset carbon emissions through Shell’s nature-based carbon credits.
‘We welcome the approvals of CCS and DNV, which allow us to offer our ship-owners and charterers customers a high-value technology solution,’ says Chairman and CEO.
Sumitomo will desist from participating in auctions for new oil projects but will maintain existing projects and focus on renewable energy, reports Reuters.
Election results will be announced during AGM at the end of February 2021 and newly elected board members will take up their positions in April.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
Bunker tanker owner’s trust in LR and Metcore’s expertise proves duo’s experience in bunkering MFMs and unceasing support made the difference in ensuring trust during bunker transactions.
‘To be clear, the activities undertaken by Ang outside of Sea Hub are categorically unrelated to the current non-active status of the company,’ Glen Lim, Shipping Director of Sea hub, tells Manifold Times.
