THE European Union's Emissions Trading System (ETS) has become a focal point of debate and confusion within the shipping industry, as discussed at the Baltic Exchange's Freight Forum in Singapore, reports Hellenic Shipping News Worldwide.
Baltic Exchange carbon lead Martin Crawford-Brunt moderated the panel, highlighting the ETS as a significant regulatory shift.
Mr Crawford-Brunt emphasized the evolving nature of regulatory goals, noting the increasing challenges for organizations like the International Maritime Organization (IMO) to keep pace with tightening environmental standards.
Vitol representative Ian Butler recognized the ETS's potential to drive compliance and the adoption of alternative fuels but acknowledged the administrative challenges it poses, especially for smaller fleet owners.
Swire Shipping representative Susana Germino pointed out the difficulties for the dry bulk sector in adapting to regulations primarily designed for container shipping.
The panel also discussed the eu ETS's unintended consequences, such as friction between ship owners and charterers over emissions allowances.
SeaNews Turkey
Baltic Exchange carbon lead Martin Crawford-Brunt moderated the panel, highlighting the ETS as a significant regulatory shift.
Mr Crawford-Brunt emphasized the evolving nature of regulatory goals, noting the increasing challenges for organizations like the International Maritime Organization (IMO) to keep pace with tightening environmental standards.
Vitol representative Ian Butler recognized the ETS's potential to drive compliance and the adoption of alternative fuels but acknowledged the administrative challenges it poses, especially for smaller fleet owners.
Swire Shipping representative Susana Germino pointed out the difficulties for the dry bulk sector in adapting to regulations primarily designed for container shipping.
The panel also discussed the eu ETS's unintended consequences, such as friction between ship owners and charterers over emissions allowances.
SeaNews Turkey
