Liberian Registry hits out at proposed EU ETS shipping extension
The world’s second-largest vessel registering service opposes what it sees as European overreach
The Liberian Registry has warned that a proposal made by the European Parliament to extend the EU emissions trading system (ETS) not just to shipping in EU waters but to all journeys made to and from the EU will distort the global maritime sector. “We understand the need for efforts to lower greenhouse gas (GHG) emissions, and continue to push for a cleaner environment, as well as a more efficient maritime industry,” says its COO, Alfonso Castillero. “However, at least for international shipping, it is vital we work toward one set of requirements established by the IMO, avoiding the creation of a fractured system of regional requirements that reach beyond their own waters, and assuring
Also in this section
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
21 October 2024
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
21 October 2024
For the tanker market, recent escalation in the Mideast conflict has largely been offset by soft fundamentals