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Commercial versus operational drivers in reducing shipping emissions

As much as 90% of avoidable emissions today are driven by commercial decisions that happen long before a shipowner gets involved. Charterers are under pressure to optimise their supply chain and contracts to minimise emissions.

As the European Union's drive to decarbonise the shipping industry is picking up steam, several players along the value chain could be impacted under new proposed legislation which would also include charterers accountable for emissions from their hired ships.

The suggested amendments in the EU’s monitoring, reporting and verification (MRV) regulation, if approved, would mean that both shipowners and time charterers will have to comply with the requirements related to monitoring, reporting a...

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