EU plans to slash carbon emissions threaten to drive up CO2 produced by the shipping industry, the head of the world’s second-largest container carrier has warned.
Soren Toft, chief executive of the Mediterranean Shipping Company, told the Financial Times EU measures, which are still under consideration, would have the reverse effect of their intentions unless low carbon fuels were readily available.
This is because operators would be forced to slow down their vessels to meet the demand for cuts, creating the need for more new ships to maintain service levels.
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