Maritime Monster All Jobs Moored Here
The numerous new regulations facing the industry in recent years leave no room for doubt – the maritime energy transition is underway.
To offer just one example of many, in 2024, the EU Emissions Trading System (ETS) was further rolled out to incorporate maritime transportation. True, it’s currently only applicable to vessels over 5,000 gross tonnes. This is unlikely to remain the case for long, however. Already, there are indications that the regulations could be expanded to cover all vessels over 400 gross tonnes in 2027 and below that in the near future.
Into the carbon market
Another strong indication that the transition is progressing is the difficulty vessel owners frequently encounter when trying to attract funding. In many cases now, lending is only available to operators able to demonstrate the sustainability of their intended investment.
FULL ARTICLE AVAILABLE HERE: maritime-executive.com
