ShippingWatch

Small island states want part of shipping's new CO2 fund

The Solomon Islands and Tonga want to ensure that small island states can share in a future shipping fund meant to raise billions of US dollars in order to develop the fuel of the future. This could lead to political deadlock, one source tells ShippingWatch.

Photo: JORGE SILVA/REUTERS / X90026

Small island states now place demands on a proposed new research and development fund meant to ensure billions of US dollars to find the carbon-neutral fuels of the future.

The industry has high hopes for the fund, which was thought up by major shipping organizations that have for years been working toward a collaboration on the idea. The proposal is to be debated in London at the end of this month, when the IMO's Marine Environment Protection Committee (MEPC) assembles.

Read the whole article

Get 14 days free access.

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

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs