Shipping Industry Faces Rising Fuel Costs from Energy Transition

The cost of fuel in shipping’s energy transition will increase along with compliance costs, according to an executive at Yara Marine Technologies.

The inclusion in shipping in EU carbon market (e.g., Emissions Trading System) in 2024 and introduction of the FuelEU Maritime regulations in 2025 are two EU key initiatives that have major implications for shipping interests doing business in the EU.

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