July 20th, 2022
"The cost of compliance with the ETS will likely be significant".
So stated a senior representative of Maersk, when interviewed about the impact of the European Emissions Trading System (ETS). It's worth nothing that the current proposal for the ETS is aimed at vessels (not cargo). Carriers will pass these per vessel costs on to shippers/BCO's in the form of higher box rates. The ETS states that shipping companies must purchase allowances for: 50% of emissions from voyages departing from an EU port to a non-EU port; 50% of emissions from voyages departing from a non-EU port to an EU port; 100% of emissions from voyages between EU ports and 100% of emissions from ships at berth in an EU port.
The table above, courtesy of A.P. Moller - Maersk, estimates the additional charges that may apply. What might these additional costs add to shipments that you carry or manage?
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