Show Notes
In this week's episode: Shipping is beset with growing risks as Houthis intensify maritime risks in the Red Sea as July because one of the most intensive months for attacks. To dissect what's been happening risk assessment experts Nick Maddalena and Rob Peters at Ambrey join podcast host Craig Eason in the studio.
Read more: Owners who pay Iran’s Strait of Hormuz toll face losing insurance Read more: Iran ‘seizes’ damaged Dynacom tanker hit by fire in Strait of Hormuz Read more: Saudi tanker on fire after being hit by projectile as Houthis strike in Red Sea Read more: Seafarer killed and tanker on fire as Ukraine bombs two ships
And shipping is facing a revamp of the European emission trading system. However this time there's a lot for owners and operators to be happy about. Craig talks to Sotiris Raptis, secretary general at European Shipowners, ECSA, about the carrots being offered and how there could be much more cash now for decarbonisation, though not enough for energy efficiency. And what about the alignment of Europe with the IMO? There's also the toothless legal clause in the ETS directive about sharing the costs between owners and charterers that legal researchers say needs to be addressed.
Read more: ETS revamp could see millions pumped into European shipping
Production and host: Craig Eason Additional reporting: Yannick Guerry
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More from TradeWinds Wavelength - a weekly shipping news show
In this week’s podcast: Trafigura is bringing its VLCC tanker division, now called Volare Shipping, to the Oslo Stock Exchange with a planned IPO. Lucy Hine joins host Craig Eason to talk through the listing and how the tanker market has reacted.