Why the merchant ships can pollute the atmosphere with CO2 quite freely

Last Wednesday the European Union Environment ministers reached an agreement… essentially to not to impose rules or duties on CO2 emissions from ships. Cunningly, the relevant Council Press release said that the 28 ministers “reached an agreement on new EU-wide rules for CO2 emissions from ships”. Until today, ocean-going shipping is the only sector of […]

Ship Recycling is the Commission’s Titanic

It was the symbolic date of 12/12/12 that the international NGO, Center for International Environmental Law, decided to publish a legal opinion denouncing as 100% illegal the European Commission’s proposal for a new regulation on ship recycling. This coincided with the legal analysis by the former chief counsel of the European Commission , Dr. Ludwig […]

“Private” sea freight indexes hide Libor like skeletons?

The almost three centuries old Baltic Exchange is a private and closed platform, where around 60 shipping brokers based mainly in London are contributing voluntarily their cargo prices. On the base of those contributions the Exchange publishes benchmark freight price indexes for a round number of 70 sea routes and vessel categories. The indexes are […]