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While shipping talks about decarbonisation, the cost of carbon trading will continue to rise

European shipowners welcome the proposal of the European Parliament’s Rapporteur on the EU ETS, MEP Peter Liese, to introduce a requirement for a binding clause in contractual agreements between shipowners and commercial operators and to ensure that the latter pay for the costs of the EU ETS. ECSA also supports the proposal of the Rapporteur ...

Cyprus: Shipping showing resilience, helping economy The shipping sector showed “tremendous resilience” in supporting the Cypriot economy amid the coronavirus pandemic; President Nicos Anastasiades told the annual meeting of shipowners and shipmanagers. He praised the maritime community in his address to the virtual annual general meeting of the Cyprus Shipping Chamber. “Our country’s maritime sector managed to maintain its competitiveness and has preserved shipping as one of the main pillars of our economy.” Anastasiades said that shipping continues to contribute approximately 7% t...

EU ETS debate calls for industry-wide collaboration to ensure sustainability does not kill competitiveness The Cyprus Shipping Deputy Ministry (SDM) facilitated a virtual debate on this week, which explored the European Commission’s (EC) proposed Emissions Trading System (ETS) for shipping. Bringing together regulators, shipowners, and NGOs, the aim of the discussion was to support the public consultation and provide a collective contribution to the policy and law-making process. The ambitions of the European Green Deal require a net reduction of at least 55% of greenhouse gas emissions by...