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European shipping to spend less on reducing emissions

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European shipping to spend less on reducing emissions Argus Spending on emissions reduction technology in Europe's shipping industry is likely to suffer following the COVID-19 pandemic, according to the European Community Shipowners' Association (ECSA). In an ESCA survey of European shipping industry participants, 44% of respondents said investing in technologies that would cut carbon emissions will no longer be possible after COVID-19. ECSA said 30% of those who responded think spending will continue but to a lesser extent than before the crisis, while 26% think investment can continue at the same levels as before COVID-19. READ MORE

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