The much anticipated trade agreement between the EU and several South American countries currently risks years of postponement. Shipping is one of the sectors that was set to benefit from the Mercosur agreement. But climate considerations have thwarted this.
NGO Transport & Environment now calls on the EU to include LNG and voyages outside the union, once shipping is inducted under the EU's emissions trading system. The announcement comes on the day when the EU Commission's consultation phase on the scheme expires.
There are several models for including shipping in the EU Emission Trading System in play, says the director of DG Clima. Solutions range from gradual to rapid phasing in. European shipowners prefer the former, but they warn against the plans.
The price of European carbon quotas is soaring, as the shipping sector is on track to soon be included in the system. Right now it costs USD 42 to emit a ton of carbon, the highest price ever. Maersk has asked the EU for permission to not pay at all.
The EU must triple the speed of cuts to achieve its CO2 emissions reduction target by "at least 55 percent" before 2030, according to a new think tank report skeptical of whether the objectives are feasible.
A shortage of EU-approved recycling yards leaves shipowners with no choice but to re-flag old European ships before sending them to be recycled, says shipping organization Bimco. The EU does not agree with that assessment.
Italy's ports being exempt from paying taxes go against the EU's rules on state aid and equal competition. The country must, therefore, abolish its exemption, says Competition Commission Margrethe Vestager.
Maersk Tankers CEO Christian Ingerslev explains why the first influential shipping companies call for the industry to embrace regional climate legislation. Bimco fears that this could undermine the IMO process, the organization tells ShippingWatch.
The battle about CO2 quotas on shipping in the EU is lost, says Klaveness CEO Lasse Kristoffersen, who, together with Maersk Tankers, now encourages the industry to accept regional climate legislation. "Things are moving too slow in the IMO," he tells ShippingWatch.
In a noteworthy declaration, Maersk Tankers and Torvald Klaveness open up to letting the EU introduce and handle part of the climate legislation that regulates shipping. Till now, "regional initiatives" have been unthinkable to many stakeholders in the sector.
The European shipowners are disappointed by the EU's migration pact. In an open letter, shipowners' association ECSA calls for a guarantee that merchant vessels be allowed to put rescued migrants ashore.
EU has earlier in the coronavirus process issued a warning to the container lines that are now facing criticism for having used the crisis to force prices up. But beyond this, the EU competition regulators will not interfere, ShippingWatch has learned.
The EU Commission will before long decide on how the shipping sector should be placed under the European Emissions Trading System. One area in particular is decisive to Maersk and the rest of the sector.
The EU should strengthen its response to the Chinese state's investment strategy in the union, says the European Court of Auditors. Investments in the maritime sector are up, but there is a lack of regulations to safeguard Europeans against illegal state aid.
International shipping associations such as Bimco and ICS want the EU to postpone the requirement that all ships must carry a list of hazardous materials on board from the turn of the year. The EU refuses. Danish Shipping is against blanket postponements.
Conservative EU parliamentarian Pernille Weiss is accused by a think tank of having too close ties to association Danish Shipping, while negotiations on shipping's carbon footprint enters decisive phase. She denies the accusations.