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SHIP OWNERS OPPOSE EU CO2 CUTS.

The decision to cut carbon dioxide emissions in shipping should be taken at an international level and not just by the European Union as any unilateral step by Brussels would affect the competitiveness of the European and Cypriot shipping industries, a Cyprus Shipping Chamber (CSC) official quoted as saying last week.

The regulation proposed by the EU aims at reducing ship CO2 emissions, which is considered responsible for global warming, by 2 percent by 2020.

"EU regulation would require that ships trading to Europe will have to introduce additional measures both in terms of procedures, monitoring and reporting, as well as in terms of equipment for the better monitoring of the ship's fuel consumption," Alexandros Josephides, deputy director general of the CSC further said.

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Publication:Pakistan & Gulf Economist
Date:Oct 26, 2014
Words:124
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