“Fit for 55” package was published by the European Commission (EC) in July 2021, with the aim to reduce the Greenhouse Gas Emission (GHG) by at least 55% by 2030 and thus pave the way for climate neutrality by 2050.
For the first time, the portfolio of legislative proposals was extended to the maritime sector, meaning higher pressure on all economic actors involved in seaborne activities. Therefore, timeframes are short, and affected actors such as shipowners, shipping companies and regulators are not fully aware of the implications and procedures they need to complete. New pressure arising from environmental regulations will bring disruption to the existing transport and logistics operations, followed by the need to adapt existing business models too.
Smaller ports across the Baltic Sea face harsher competition as a result of lower investments into sustainability strategies and less technological readiness in environmental and energy management.