EU to define whether shipping can be called sustainable

It will become more difficult for the maritime industry to self-govern whether or not the sector can call itself environmentally sustainable. Today, the EU presents a proposal that defines sustainable shipping for companies and investors.

Photo: Yves Herman/REUTERS / X00380

When can a carrier describe its fleet as sustainable, and when can investors state in their financial reports that they have invested in sustainable shipping?

Today, Wednesday, The European Commission will present a proposal regarding the so-called Taxonomy system which answers these questions by categorizing ships as sustainable or not.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

Further reading

Related articles

Latest news

See all jobs