Imminent EU climate rule for ships is set to add to fuel bills

Quick Summary:

Compliance options include using biofuel or pooling with other vessels to share pollution savings.

Non-compliance results in a penalty, impacting ships sailing between EU ports.

One potential compliance option for shippers is to incorporate a small amount of biofuel into their overall fuel use.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: India

Topics: Climate rules Shipping industry fuel bills Greenhouse gas emissions shipping EU climate rule for ships FuelEU Maritime regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 10:01:35 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 24687351

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 4 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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