Regulation

Small carriers could be forced into bankruptcy by new EU carbon quotas

Especially smaller carriers are at risk of going bankrupt when they have to pay for their emissions in the EU next year, analysts warn.
The sheer number of small shipping companies is staggering, so it could have a major impact on the industry as a whole and have a spillover effect on other industries or economies if small shipping companies break down under the EU ETS, predicts a senior analyst at the London Stock Exchange Group. | Photo: Markus Scholz/AP/Ritzau Scanpix
The sheer number of small shipping companies is staggering, so it could have a major impact on the industry as a whole and have a spillover effect on other industries or economies if small shipping companies break down under the EU ETS, predicts a senior analyst at the London Stock Exchange Group. | Photo: Markus Scholz/AP/Ritzau Scanpix
by METTE GRUBE CONDRUP

On Jan. 1, shipping companies calling at European ports became subject to the EU’s climate rules and its CO2 quota system - the so-called EU ETS. 

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