Imminent EU Climate Rule for Ships Is Set to Add to Fuel Bills
A container ship sails into the Port of Hamburg in Hamburg, Germany.
Photographer: Dominik Reipka/BloombergThis article is for subscribers only.
A European Union rule designed to cut greenhouse gas emissions from shipping is about to start adding to the industry’s fuel bills.
The FuelEU Maritime regulation, coming into force Jan. 1, requires a 2% reduction in the greenhouse gas intensity of energy used by vessels. That’s set to add to the industry’s costs, though the precise amounts paid will depend — in part — on how shippers approach the new rules.