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Posts Tagged ‘Ship Emissions’

Sanctions On Russia Lead To More Ship Emissions, Says Cargill

Posted by M. C. on September 23, 2022

The very fact that Europe has to source LNG from Asia on longer routes while vessels burn dirtier fuel is entirely hypocritical to the bloc’s stance about saving the planet. For some context, shipping is responsible for almost 3% of man-made carbon-dioxide emissions. 

Like Slow Joe says, we all have to suffer to save the EU from itself …err…stop Nord Stream 2 …err…save Ukraine.

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/markets/sanctions-russia-lead-more-ship-emissions-says-cargill

The unilateral sanctions that Western countries slapped Moscow with are igniting even more man-made carbon-dioxide emissions from the shipping industry as Europe rejiggers energy supply chains away from Russia by sourcing energy products from far away.

Jan Dieleman, Cargill Inc.’s head of ocean transportation business, told Bloomberg that European importers are hiring tankers for long-distance hauls of energy products from countries halfway around the world. If it weren’t for the sanctions, natural gas and other refined energy products would flow via pipelines from Russia to Europe. 

But since Europe is hellbent on rapidly shifting its entire energy supply chain away from Russia. EU importers are hiring tankers to source liquefied natural gas (LNG) from Asia. 

In a recent note, we outlined the insanity behind the EU’s panic buying of LNG from China. It’s so idiotic because China is just reselling Russian LNG… 

Dieleman said higher fuel costs for vessels mean ship operators are switching to dirtier-burning fuels like diesel or crude oil on these long-haul trips. 

See the rest here

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