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Danae Tsopela

THE EUROPEAN SHORTSEA NETWORK REQUESTS A MODIFICATION OF THE EMISSIONS TRADING SCHEME AND A MORATORIUM WHILE THE MODIFICATION TAKES PLACE

Madrid, November, 6, 2023 On 1 January 2024, the European Emissions Trading Scheme (EU ETS) will start to apply to maritime transport, which will entail additional costs for ships calling at EU ports. Despite the significant efforts being made by Short Sea Shipping (SSS) companies to improve the energy efficiency of their fleet and reduce the emissions, there is currently no optimal solution for the… Read More »THE EUROPEAN SHORTSEA NETWORK REQUESTS A MODIFICATION OF THE EMISSIONS TRADING SCHEME AND A MORATORIUM WHILE THE MODIFICATION TAKES PLACE

2023 ΙΜΟ Greenhouse Strategy on track, but insufficient

The Hellenic Shortsea Shipowners Association welcomes the historic agreement which revises the IMO Greenhouse Gas Strategy gradually, aiming for zero GHG emissions from international shipping by 2050, as well as the ambitious goal of using alternative fuels at a rate of 10% by 2030. In order to achieve the relevant goals, it is essential for HSSA to highlight that similar initiatives are required in the… Read More »2023 ΙΜΟ Greenhouse Strategy on track, but insufficient

Basel III Rules: Recognition of ship finance positive, but further action is needed

European shipowners welcome the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance. The new rules will allow banks to apply preferential treatment to shipping portfolios on specialised lending when calculating risk weights and ultimately their capital requirements. As a result, the new law will enable banks to finance at a competitive price. This… Read More »Basel III Rules: Recognition of ship finance positive, but further action is needed

Shortsea Shipping Challenges and Opportunities

European shortsea shipping sector faces both challenges and opportunities in the current market scenario. On the one hand, the sector has to deal with a significant reduction in demand for traditional trade routes due to the pandemic and Russia Ukrainian war. On the other hand, there is an increased focus on the importance of sustainable shipping methods, which puts shortsea shipping at an advantage. One… Read More »Shortsea Shipping Challenges and Opportunities