EUROPE’s FuelEU rule that came into force this month is ‘a major market intervention’ by the European Union that will determine the long-term profitability of vessels in EU waters, reports New York’s Journal of Commerce. According to Lloyd’s Register, the rule requires shipping companies to increase use of eco fuels. While compliance with the EU Emissions Trading Scheme (ETS) represents an immediate cost, non-complying shipowners burning fossil fuel will face suffer even greater costs. ‘Today,...
https://www.seanews.com.tr/new-fueleu-rule-obliges-greater-use-of-eco-fuel/202319/