US more likely to wield carrot than stick in carbon reduction protocols

The US is unlikely to follow the European Union down the path of taxing shipowners when it comes to curbing carbon emissions.

That was the consensus of panellists at the annual Association of Ship Brokers & Agents (ASBA) cargo conference in Miami Beach on Thursday.

A panel focused on the EU Emissions Trading System (ETS) was moderated by Marsoft president Arlie Sterling, whose company is offering a programme of voluntary credits linked to improvements in fuel efficiency.