Smaller shipping firms struggle

By Yashika F. Torib

Sep 04, 2024 12:06 am

SMALLER international shipping companies risk facing steep penalties and potential market share losses as some have been observed clinging to outdated practices in the face of FuelEU compliance.

Emission Link, an emission scheme management service under the Columbia Group, warned that as the January 2025 implementation of the FuelEU Maritime Regulation approaches, industry leaders are rapidly positioning themselves to thrive under the new rules while smaller companies risk falling behind.

Philippos Ioulianou, Columbia Group director for energy and renewables. CONTRIBUTED PHOTO

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