ECSA supports proposal for commercial operators to pay ETS costs

Jan 26 2022

European shipowners welcome the proposal of the European Parliament’s Rapporteur on the EU ETS, MEP Peter Liese, to introduce a requirement for a binding clause in contractual agreements between shipowners and commercial operators and to ensure that the latter pay for the costs of the EU ETS.

ECSA also supports the proposal of the Rapporteur to create a sector-dedicated fund and to allocate at least 75% of the revenues generated by the shipping allowances to this fund.
ECSA has asked for these two elements to be included in the revised EU ETS and believes that the draft report is a good starting point for the future work of the European Parliament.
Mr. Liese has also attempted to address the issue of the ice-class vessels in his report, which is one of elements highlighted by ECSA’s Framework conditions for an MBM for shipping.
“Introducing a binding clause in contractual agreements between shipowners and commercial operators is at the core of ECSA’s position on the inclusion of shipping in the EU ETS”, stated Philippos Philis, ECSA’s President. “It will ensure the proper application of the polluter pays principle, and will incentivise the uptake of further efficiency measures and cleaner fuels”.
“The sector-dedicated fund is essential to finance R&D projects and to bridge the price gap between cleaner and conventional fuels. Although the draft report needs to be improved on certain points and marks the beginning of a long legislative process, it is an essential step forward. ECSA looks forward to further engaging with the MEPs and the Member States in the Council” said Sotiris Raptis, ECSA’s Acting Secretary-General.
You can read our policy paper here and the summary here.
You can read our Framework conditions for an MBM for shipping here and the summary here.


Related News

TEN Ltd. announces the sale of a 2006-built LR2 product tanker

(May 05 2022)

TEN, Ltd. (TEN) (the “Company”) announced the sale of a 2006-built LR2 aframax tanker, one of the largest product tankers in the world at the time of its construction, to unrelated entities.

Navios Partners announces acquisition of 4 newbuilding vessels and entry into two related charters

(May 05 2022)

Navios Maritime Partners L.P. (“Navios Partners”), an international owner and operator of dry cargo and tanker vessels, announced that it agreed to purchase four 115,000 dwt LR2 newbuilding vessels, for a purchase price of $58.5 million each (plus $4...

Supervisory Board letter to Euronav shareholders

(May 05 2022)

Euronav NV (“Euronav” or the “Company”) has issued the following letter from the Supervisory Board to Euronav shareholders ahead of the AGM on May 19th, 2022.

Poten's Weekly Opinion: VLCC Outlook Remains Foggy

(May 05 2022)

VLCC TonMiles increased in the first quarter of 2022.

Veson Nautical acquires Q88

(May 05 2022)

Veson Nautical (“Veson” or the “Company”), a leading provider in maritime freight software worldwide, announced its acquisition of Q88, an information management and software platform for the maritime transportation industry.

Apr-May 2022

Tanker Accident Database - speeding up port calls - causes of enclosed space problems - resolving BWMS problems - investor''s view on LNG fuelled ships