Gibson cautions carbon fees could price tanker routes out of market

Gibson Shipbrokers has warned carbon levies in Europe could price some tanker routes out of the market.

The London shop said shipping's inclusion in the European Union Emissions Trading System (EU ETS) would reduce arbitrage opportunities for voyages involving ports in Europe.

This could mean certain trades, particularly longer haul voyages, would no longer be viable, if the issue is not addressed by EU regulators, the broker added.