To decarbonise maritime transport, the Environment Committee voted on Tuesday to include CO2 emissions from the maritime sector in the EU Emissions Trading System (ETS). The Commission has put forward a proposal to revise the EU system for monitoring, …
The international shipping industry will fail to tackle their global greenhouse gas emissions unless they put in place rules that truly reflect the climate impact of shipping fuels, according to a report released by Environmental Defense Fund and Unive…
Oil product tankers earnings have skyrocketed in the first half of 2020, while the Sale and Purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in the first five …
Oil product tanker S&P activity down 45% as new reality unfolds Read More »
European forwarders’ association joins industry initiative on a fair, neutral bunker adjustment factor indexing mechanism for shippers, forwarders and shipping lines. CLECAT, which represents the interests of more than 19,000 companies in logistics, fr…
CLECAT joins Drewry-ESC transparent tool for bunker charges Read More »
Maritime transport reportedly emits around 940 million tonnes of CO2 annually and is responsible for about 2.5% of global greenhouse gas (GHG) emissions (3rd IMO GHG study), with a projection to increase significantly over the next few years (estimated…