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Vessels arriving at or departing from European ports emit a total of 138 million tons of CO2 per year, shows new report from the EU Commission. This figure highlights the need for quotas, says rapporteur.
The industry's original plan for the billion dollar fund aimed at financing research into future fuel types has been overtaken by reality with the coronavirus outbreak. In the meantime, everyone must double their will to move forward, says John Butler, president and CEO of the World Shipping Council.
Several of the EU Commission's initiatives to make Europe a CO2 neutral continent will be delayed due to the coronavirus. Get an overview here.
The EU Commission's investigation into the merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering has been put on hold, Reuters writes.
Travel into 27 European countries shuts down as a consequence of the coronavirus.
US President Donald Trump bans all travel from Europe to the US for 30 days, he says in an address to the nation. "The restriction stops people not goods," the president writes on Twitter.
Despite shipping companies doing everything in their power to avoid it, the European Commission stands firm. CO2 quotas must be imposed on shipping, and the proposal will be introduced in a few months, says top official. The European Parliament widely supports the use of quotas.
It is crucial that EU member states support the proposal for a new billion-dollar fund in late March when it will be debated at the IMO, says President & CEO of the World Shipping Council. "The European Union has a very loud voice at the IMO."
The European Community Shipowners' Association has just presented a list of recommendations for the climate plan being put together by the EU. Among other things, the shipowners warn against regional legislation that could risk "undermining" the IMO's targets. Find the recommendations here.
In recent years, the number of EU-controlled ships has gone down globally, and there is a lot of pressure on shipowners, says ECSA. Competition is fierce from one region in particular.
EU Competition Commissioner Margrethe Vestager is not buying Maersk CEO Søren Skou's criticism that the EU's rejection of a railroad merger could make it difficult for European companies to compete with China.
Powerful forces in the European Parliament are working to impose the CO2 quotas on shipping that companies are fighting vehemently against already next year. ShippingWatch has interviewed Jutta Paulus, spokesperson for a bill that could make the quotas a reality in 2020.
Tariff hikes totaling more than USD 7.5 billion against a series of EU member states come into force Friday.
France wants an EU tax on ship fuel and planes to bring down greenhouse gas emissions. Several major shipping lines like Maersk and BW Group have previously recommended one type of tax on shipping's fuel.
Shipping should be added to the EU's CO2 quota system, says future VP and climate commissioner of the European Commission Frans Timmermans.
Skibsfarten skal føjes til EU's CO2-kvotesystem, mener den kommende næstformand og klimaansvarlige i EU-Kommissionen Frans Timmermans.
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European Trade Commissioner Cecilia Malmström has not given up hope of reaching a deal with the US that could avoid an escalation of the parties' trade dispute.
UK Prime Minister Boris Johnson presents the latest Brexit divorce settlement proposal to both the EU Commission and the House of Commons today, Thursday. The question of an Irish border continues to be a central contentious issue, with new lines being drawn along the Irish Sea. Even so, Downing Street has softened its rhetoric from the recent "final offer" stance to a broader, negotiable platform.
The Trump administration has announced new tariffs on European products for more than USD 7 billion annually starting on Oct. 18. The move comes in response to illegal government aid to Airbus.
The tax exemptions applying to the maritime sector's use of fossil fuels must end, Transport and Environment writes in a new report. They are neither environmentally nor ethically defensible, the NGO writes.
The Marshall Islands has promised the EU to change its policies in several areas and now stands to be removed from the European list of international tax havens. The country is also one of the world's main flag states.
The EU has nominated eight new scrapping yards to its list of approved shipbreaking facilities. Find the proposal for the updated list here.
China has several projects in the works aimed at helping the country's shipbuilding and shipping sector. "I don't think that in the shipowners community there is a full understanding of the impact of the Chinese policy yet," says Sea Europe's Secretary General in an interview with ShippingWatch.
First the OECD was criticized by the World Shipping Council, which called the organization's latest report on container shipping companies' special competitive conditions "incomprehensible, erroneous and misunderstood." Now the OECD has fired back.
After a series of defeats and rebukes in the House of Commons, thus far preventing any deal with the continent, UK Prime Minister Theresa May has asked the EU to extend article 50's due date until late June. This could improve the chances of striking a digestible Brexit deal.
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