The inclusion of shipping in the European Union Emissions Trading System (EU ETS) is a significant step towards reducing global greenhouse gas emissions. However, it comes with myriad of challenges, from administrative complexities to financial exposur…
Shipping’s exposure to EU emissions scheme Read More »
The Hong Kong Convention will finally enter into force in 2025, but what does that mean in practice? How will ship recycling practices be impacted, and what will a key recycling nation like Pakistan do? Gard’s Special Adviser Kim Jefferies spoke with H…
The Hong Kong Convention – will it be a game changer? Read More »
In the second week of November, freight rates for crude oil tankers remained firm with slight signs of a downward correction. The upward momentum of early November in the second half of November remains uncertain as there are signs of an increase in th…
As we reported in April this year, the EU emissions trading scheme (the EU ETS) is expanding to include the shipping industry. With 2024, the first year in which vessel emissions will be included with in the scope of the EU ETS, just around the corner,…
The EU ETS And Shipping: A Bumpy Ride Ahead? Read More »
The crude freight market gained momentum in early November due to the ongoing crisis in the Middle East. The VLCC segment has seen significant activity, but the Suezmax and Aframax segments have experienced even more growth compared to their levels at …