Rules proposed to cut emissions
The World Shipping Council (WSC) has proposed to the International Maritime Organisation a new global vessel efficiency system, which would improve the carbon and fuel efficiency of the world's fleet and reduce greenhouse gas (GHG) emissions.
The proposal is to apply vessel efficiency design standards for both new and existing vessels globally. New vessels will be subject to mandatory efficiency standards requiring new ships to be built with features and technologies that further improve the energy efficiency of the vessels to reach defined levels. Existing vessels that meet the established efficiency standards would operate free of any fees.
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.
Follow Emirates 24|7 on Google News.