European Union (EU)

The Maritime Sustainability Trends of 2021

  • Marine Environment Protection Committee (MEPC) annual meeting takes place to reduce carbon emissions and meet the target of 40% reduction in GHG by 2030.
  • Next year is when the new amendments agreed by MEPC 75 will have to be adopted.
  • The IMO regulations aren’t enough for the European Union’s (EU) ambitions thus, the EU is still considering a regional Emissions Trading System (ETS).
  • If the price gap between VLSFO and HFO grows to a level where the return on investment (ROI) for scrubbers makes...

https://mfame.guru/the-maritime-sustainability-trends-of-2021/

[Watch] EU Agrees on €750bn COVID19 Recovery Package

In a major development, EU leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks, reports BBC. 

What is it?

It involves €750bn (£677bn; $859bn) in grants and loans to counter the impact of the pandemic in the 27-member bloc.

  • The talks saw a split between nations hardest hit by the virus and so-called “frugal” members concerned about costs.
  • It is the biggest joint borrowing ever agreed by the EU.
  • The deal centres on a €390bn programme of grants to...

https://mfame.guru/watch-eu-agrees-on-e750bn-covid19-recovery-package/

EU Keen on Zero-Emission Stresses ETS for Shipping by 2022

  • In a move that will be seen as piling pressure on shipping regulators and the shipping industry the Environment Committee of the European Parliament voted to add shipping emissions to its carbon Emissions Trading Scheme (ETS).
  • Up to now, shipping has been excluded from carbon reduction measures from the European Union (EU), but the latest move means that a vote will be taken in the European Parliament in September.
  • And if passed each member state will need to approve the new legislation, which...

https://mfame.guru/eu-keen-on-zero-emission-stresses-ets-for-shipping-by-2022/

European ports call EU to decide on a recovery strategy

European ports believe that the European Union needs to decide on a recovery strategy on how to overcome the economic crisis Europe is facing.

Contingency plans have been activated to ensure that the ports remain fully operational during this crisis. “The first and most important priority of European ports is to help overcome the health crisis by ensuring the continuity of their operations and providing citizens, health services and businesses with the goods and materials they need,” stated...

https://container-news.com/european-ports-call-eu-to-decide-on-a-recovery-strategy/

Rotterdam hopes for a good UK-EU agreement

After the European Parliament voted its consent to the withdrawal agreement, the United Kingdom (UK) officially withdrew from the European Union (EU) on 31 January 2020. This will have consequences for trade between Rotterdam and the UK, Port of Rotterdam highlights in its latest release.

Depending on the terms agreed for the new UK-EU relationship, free trade will be impeded to a greater or lesser extent by new formalities, tariffs, quality regulations and environmental standards, according to...

https://container-news.com/rotterdam-hopes-for-a-good-uk-eu-agreement/

Denmark keen for EU-Thailand free-trade talks

Denmark is looking forward to the start of free-trade negotiations between Thailand and the European Union (EU) after the Kingdom’s general election is held next year, says Uffe Wolffhechel, the Danish ambassador to Thailand.

In marking the 160th anniversary of diplomatic relations between Thailand and Denmark with a discussion about future cooperation between the two nations, Wolffhechel, said they have a lot to gain from each other. Denmark has much to offer in the way of high technology, for...

http://container-news.com/denmark-keen-eu-thailand-free-trade-talks/

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