Demolition of effective shipping industry postponed but not cancelled

Shipping industry meets IMO’s decisions taken during latest MEPC 75th session, held on November 16-20, with great relief, because in general, IMO accepted industry proposals, not the insane and criminal “proposals”, pushed by “environmentalists”. In short, if adopted, “decarbonization” program will cost shipping extra USD 2 per ton of fuel (dystopian tax on air), plus implementation of Indexes and Indicators, which will tag each and every ship as good or bad, depending on their CO2 emission and...

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