ICS: Green agenda will ruin a lot of shipowners

The green agenda, which includes ballast water and fuel systems, will be enormously expensive for shipping and force many operators on their knees, warns the International Chamber of Shipping.

The green agenda in international shipping will cost operators hundreds of milllions of USD, and the coming environmental requirements will be particularly hard on the companies that are currently struggling with massive debts.

The warning comes from the Chairman of the International Chamber of Shipping (ICS), Masamichi Morooka, on the three-day conference Connecticut Maritime Association in the United States, which ends today, Wednesday, according to the newsletter Sustainable Shipping.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Related articles

Latest news

See all jobs