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Nick Savvides

European parliament rejects proposals for EU ETS update

Nick Savvides

However, a proposal to extend its carbon market to all departing flights was passed. Yesterday’s vote came as the maritime sector debates greenhouse gas emissions at the International Maritime Organization (IMO). Shipping industry organisations such as the International Chamber of Shipping (ICS) h...

Nick Savvides

Hapag-Lloyd pays $2m penalty for D&D violations

Nick Savvides

Hapag-Lloyd has agreed to pay $2m in civil penalties relating to violations of D&D charges. A Federal Maritime Commission (FMC) statement said the agreement with the carrier and the fines imposed are designed to restore “full confidence” in the US ocean freight regulatory system. FMC chairma...