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Shipping industry in trouble-I: Dramatic changes looming ahead
May 05:
The global shipping industry is in the throes of dramatic change.
8The European Union is bringing all ships, including non-EU ships, under its emission control system
8Then again, unilateral action by countries such as China, Canada and even states like California could lead to introduction of carbon pricing for the shipping industry.
8The shipping industry is the only sector in the world economy which has not yet defined when carbon emissions from it will peak and begin to decline.
8Then again, 13 years after its original adoption, the Ballast Water Management Convention will enter into force in September, 2017.
8The total cost of ensuring compliance across the entire world fleet has been estimated at a massive $ 100 billion.
Click on Reports for more
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8The European Union is bringing all ships, including non-EU ships, under its emission control system
8Then again, unilateral action by countries such as China, Canada and even states like California could lead to introduction of carbon pricing for the shipping industry.
8The shipping industry is the only sector in the world economy which has not yet defined when carbon emissions from it will peak and begin to decline.
8Then again, 13 years after its original adoption, the Ballast Water Management Convention will enter into force in September, 2017.
8The total cost of ensuring compliance across the entire world fleet has been estimated at a massive $ 100 billion.
Click on Reports for more
