[1] From this year, shipowners sailing to and from the EU will have to surrender allowances equivalent to 40% of their liability, 75% in 2025 and 100% in 2026. In addition, they will not be entitled to receive EUAs under the scheme.[2] EU’s volatile emissions-trading scheme will soon cost Asian shipowners big money, The Business Times[3] A repo is a form of short-term borrowing that involves one party selling a security to another for cash, with the seller agreeing upfront to repurchase the same security from the buyer in the future at a higher price. In so doing, the seller is effectively borrowing cash from the buyer using the security as collateral, with the repurchase being a repayment of the loan and the higher price reflecting the interest rate.
