by Jacob Clausen, Performance Director, NAVTOR

The European Union Emissions Trading System (EU ETS) for shipping landed with a colossal splash on 16 May this year, when it was officially adopted and finalised.

But it won't be until 1 January 2024 that the industry feels the actual ripple effects.

So, is it time for owners and operators to batten down the hatches, or will adequate foresight and planning ensure these ripples don't turn into tsunamis?

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