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Pressure on Vietnam’s shipping sector from proposed global carbon levy
As the International Maritime Organisation is likely to finalise in October its plan to introduce the first global carbon levy on shipping emissions, Vietnam’s shipping industry is under pressure to turn green. This poses an urgent need to restructure and modernise the shipping fleet to reduce costs. Most ships were built before 2020 and lack fuel-efficient designs or emission control technology.
As the International Maritime Organisation is likely to finalise in October its plan to introduce the first global carbon levy on shipping emissions, Vietnam’s shipping industry is under pressure to turn green.
This poses an urgent need to restructure and modernise the shipping fleet to reduce costs.
Most ships were built before 2020 and lack fuel-efficient designs or emission control technology.
