LNG and biofuels bunker consumption is set to rise rapidly over the next 15 years due to the European Union’s first ever regulations requiring ships to switch to sustainable fuels, according to environmentalist group Transport & Environment (T&E).

EU ambition in low-carbon fuels expected to generate new tanker demand
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Emissions trading scheme's date set amid increasing ship financing complexity
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The European Commission is drafting the FuelEU Maritime initiative and a formal proposal is expected in July.