Regulation

CO2 tax of USD 2 per ton is far from the shipping companies' own targets

A CO2 tax of USD 2 per ton fuel is far from the recommendations set forth by several major shipping companies just two months ago at the Global Maritime Forum in Singapore. Norwegian Shipowners' Association agrees that much more is needed in order to reach the target.
BW Group Chairman Andreas Sohmen-Pao presents a proposal for a CO2 tax at this year's Global Maritime Forum in Singapore. | Photo: Global Maritime Forum
BW Group Chairman Andreas Sohmen-Pao presents a proposal for a CO2 tax at this year's Global Maritime Forum in Singapore. | Photo: Global Maritime Forum
by TOMAS KRISTIANSEN, SØREN PICO, TRINE VESTERGAARD

The proposal for a CO2 tax from a series of major shipping organizations falls far from the ambitions set forth by senior executives from several of the world's large shipping companies just two months ago in Singapore.

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