Carriers

ICS criticizes shipbuilding subsidies

The shipping industry must be financially sustainable to be able to live up to the impending environmental requirements on CO2 emissions reductions, stresses ICS, criticizing the subsidies which support the construction of new vessels.
Photo: Weilbach
Photo: Weilbach
by SØREN PICO

The shipping industry needs to be financially sustainable in order to be environmentally sustainable, which is why subsidies encouraging the construction of new vessels in an industry characterized by overcapacity pose a problem.

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