Regulation

Asian shipping majors give their unequivocal support to carbon quotas

Many shipping companies have critizised EU’s carbon quota scheme, ETS. Now, Pacific Basin and Eastern Pacific Shipping voice their full support.
Eastern Pacific Shipping CEO Cyril Ducau (left) and Martin Fruergaard, CEO of Pacific Basin, believe that ETS is the right first step to decarbonize shipping which can push IMO to adopt global rules. | Photo: Celestia Tan and Ali Ghorbani
Eastern Pacific Shipping CEO Cyril Ducau (left) and Martin Fruergaard, CEO of Pacific Basin, believe that ETS is the right first step to decarbonize shipping which can push IMO to adopt global rules. | Photo: Celestia Tan and Ali Ghorbani
by TOMAS KRISTIANSEN

SINGAPORE/HONG KONG

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