Liberian Registry hits out at proposed EU ETS shipping extension
The world’s second-largest vessel registering service opposes what it sees as European overreach
The Liberian Registry has warned that a proposal made by the European Parliament to extend the EU emissions trading system (ETS) not just to shipping in EU waters but to all journeys made to and from the EU will distort the global maritime sector. “We understand the need for efforts to lower greenhouse gas (GHG) emissions, and continue to push for a cleaner environment, as well as a more efficient maritime industry,” says its COO, Alfonso Castillero. “However, at least for international shipping, it is vital we work toward one set of requirements established by the IMO, avoiding the creation of a fractured system of regional requirements that reach beyond their own waters, and assuring

Also in this section
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill
10 February 2025
The February 2025 issue of Petroleum Economist is out now!
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention