Sohmen-Pao recommends carbon levy of a few dollars per tonne for shipping
Chair of BW Group Andreas Sohmen-Pao contends that a carbon levy of USD 150, as proposed by CEO of Maersk Søren Skou among others, is a "long-term target". In an interview with ShippingWatch, he shares his view on the path towards decarbonizing shipping.
A levy on carbon emissions from shipping of USD 150 per tonne, as proposed by Maersk CEO Søren Skou for instance, is far too high for many states. As such, it won't receive backing in the International Maritime Organization (IMO).
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.