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Podcast Summary
This Capital Link Trending News webinar, hosted by Mr. Nicolas Bornozis, President of Capital Link, featured a discussion with Mr. Sotiris Raptis, Secretary General of European Shipowners | ECSA, on the European Commission’s proposed revision of the EU Emissions Trading System (EU ETS) for shipping.
Mr. Sotiris Raptis explained the proposal’s key elements, including a lowered climate target and the allocation of ETS revenues, emphasizing that the shipping industry’s annual contribution of around 9 billion euros is significant. He highlighted concerns about competitiveness, the risk of double regulation with future IMO measures, and the need for the EU to commit to withdrawing its measures once a global agreement is in place. Mr. Raptis advocated for the ETS revenues to be used more effectively to support the maritime transition, particularly in developing a robust industrial base for clean technologies and sustainable fuels in Europe.
The discussion also touched on the interaction between the EU ETS and the FuelEU Maritime regulation, and the need to harmonize reporting requirements to reduce the administrative burden on shipping companies.
Thursday, September 10, 2026
About European Shipowners | ECSA
European Shipowners | ECSA is the voice of the European shipping industry. Founded in 1965 as “Comité des Associations d’Armateurs des Communautés Européennes (CAACE)”, ES | ECSA promotes the interests of 21 member associations of the EU and Norway. ES | ECSA strives for a regulatory environment that fosters the international competitiveness of European shipping.
ES | ECSA has a Board of Directors, four specialised committees, a number of working groups and task forces, targeting specific issues, and a permanent Secretariat based in Brussels.
Europe is facing an existential transformation as it strives to meet climate neutrality by 2050 while maintaining industrial leadership at global level. The Green Deal Industrial Plan and the proposed Net-Zero Industry Act have put forward ambitious measures to strengthen Europe’s security by fostering green technology manufacturing, green transport, just transition and open trade.
Shipping is a cornerstone of Europe’s security – from energy to food and supply chain security. The European shipping fleet is one of the largest in the world, representing 35% of the world fleet enabling the EU to play a leading role in the global supply chains. Shipping delivers the goods we need, supports EU exports and connects European citizens within Europe and with the rest of the world.
For further information, please visit: https://ecsa.eu
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