The EU on Wendesday (14 July) published proposals to make the shipping sector finally pay for its pollution and fossil fuels – and to start using cleaner maritime fuels.
However, the world’s first ‘green’ fuel mandate for the sector would actually boost the use of liquefied natural gas (LNG), a fossil fuel, claims green group Transport & Environment (T&E).
Under the proposed ETS Maritime, shipping companies will have to buy carbon credits for their pollution on voyages within Europe and for 50% of their emissions when travelling between EU and non-EU ports or in the opposite direction.
T&E welcomed the proposals to extend the EU emissions trading system to shipping and, for the first time, to tax shipping companies for part of the fossil fuel they purchase. The sector has escaped taxation for decades and was even exempted from the recent global minimum corporate tax requirements agreed by world leaders.
“The EU is finally making shipping polluters pay,” said Faig Abbasov, shipping programme director at T&E.
“Now lawmakers need to defend a carbon market that covers extra-European voyages, so that the biggest shipping companies are not let off the hook. The ETS revenues should be reinvested in deploying zero-emission vessels, port charging, and hydrogen refuelling infrastructure.”
But worryingly, the FuelEU Maritime proposal could lead to more than half (55%) of the energy used by ships calling at EU ports being LNG and biofuels by 2035, according to T&E’s analysis.
This is despite LNG offering minimal emissions reductions and releasing methane – a global warming gas up to 36 times more potent than CO2.
Meanwhile, the European Commission proposed a new infrastructure law (AFIR) requiring major ports to spend billions installing gas refuelling infrastructure for ships, helping lock in decades of fossil-fuel burning. In contrast, neither legislation requires or incentivises the deployment of genuinely sustainable e-fuels based on green hydrogen.
“The Commission remains the only major institution still recklessly pushing the industry to invest in LNG ships that will lock us into decades of further pollution and stranded assets. Governments and MEPs need to shift the focus onto promoting renewable hydrogen and ammonia instead.”
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.
‘CSM Taurus arrived in Singapore during mid-September and is currently undergoing final preparations before starting commercial operations,’ General Manager of CSM tells Manifold Times.
Criminal syndicate’s tampering with MFMs on bunker tankers Southernpec 6 and Southernpec 7 conceptualised by three masterminds and carried out by cargo officers on board, according to joint statement.
Seeks information connected to SGS COQs of Gas Oil and Marine Diesel Oil cargoes loaded on board Vinalines Glory from the Vopak Banyan Terminal in Singapore between January and February 2013.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.