EU Emissions Trading Scheme (ETS) Archives - The Loadstar Making sense of the supply chain Tue, 05 Nov 2024 12:29:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 How to avoid ‘a wave of regulatory pain’ from Fuel EU Maritime rules https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/ https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/#respond Tue, 05 Nov 2024 11:47:53 +0000 https://theloadstar.com/?p=284294 Companies need to be prepared for the introduction of FuelEU Maritime in less than two months – those without updated digital solutions could find themselves riding “a wave of regulatory pain”, according to director of performance at smart shipping innovation platform Navtor, Jacob Clausen. 
The regulation, coming into force on 1 January, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five ...

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]]> https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/feed/ 0 284294 Green credentials of innovative ‘e-sail’ cargo ship to be unveiled at SMM https://theloadstar.com/green-credentials-of-innovative-e-sail-cargo-ship-to-be-unveiled-at-simm/ https://theloadstar.com/green-credentials-of-innovative-e-sail-cargo-ship-to-be-unveiled-at-simm/#respond Wed, 28 Aug 2024 12:07:14 +0000 https://theloadstar.com/?p=279134 A general cargo vessel fitted with rear-mounted ‘e-sails’ – the 2,850dwt Eems Traveller – may provide an avenue for using wind power on shortsea container services.
Developer bound4blue’s tubular e-sails, sometimes referred to as ‘suction sails’, expel air through a rotor at the top, generating an internal vacuum causing a layer of airflow to adhere to the sail’s outer surface, akin to an aircraft wing. This allows a much smaller sail ...

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]]> https://theloadstar.com/green-credentials-of-innovative-e-sail-cargo-ship-to-be-unveiled-at-simm/feed/ 0 279134 Turkey moves to close EU loophole with its own emissions trading scheme https://theloadstar.com/turkey-moves-to-close-eu-loophole-with-its-own-emissions-trading-scheme/ https://theloadstar.com/turkey-moves-to-close-eu-loophole-with-its-own-emissions-trading-scheme/#respond Tue, 30 Jul 2024 12:18:36 +0000 https://theloadstar.com/?p=277691 The government of Turkey is moving forward with its own carbon pricing scheme, comparable with the EU Emissions Trading System (ETS), denying shipowners the opportunity to use its ports to avoid tariffs.
The ETS levies a 50% tax on emissions from vessels from outside Europe calling at EU ports – a vessel travelling from a port in Asia might have been able to make a tactical transhipment call in Turkey to ...

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]]> https://theloadstar.com/turkey-moves-to-close-eu-loophole-with-its-own-emissions-trading-scheme/feed/ 0 277691 More EU ‘greener shipping’ regulations loom, with ‘significant’ penalties https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/ https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/#respond Thu, 16 May 2024 12:28:05 +0000 https://theloadstar.com/?p=272089 Shipping companies should start preparing now for the FuelEU Maritime regulation, as the deadline for submitting plans to monitor fuel type and consumption looms, warned the co-MD of maritime technology specialist OceanScore, Albrecht Grell.  
FuelEU is part of the European Union’s Fit for 55 package, aiming to increase the use of renewable and low-carbon fuels in the shipping sector. 
It demands that energy used by ships of more than 5,000 gross ...

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]]> https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/feed/ 0 272089 Shipping lines ‘ripping-off’ shippers with ETS ‘profiteering’, claims lobby group https://theloadstar.com/shipping-lines-ripping-off-shippers-with-ets-profiteering-claims-transport-group/ https://theloadstar.com/shipping-lines-ripping-off-shippers-with-ets-profiteering-claims-transport-group/#respond Tue, 26 Mar 2024 13:51:51 +0000 https://theloadstar.com/?p=268101 Four top shipping lines – Maersk, MSC, Hapag-Lloyd and CMA CGM – are named in a Transport & Environment (T&E) “profiteering” claim that millions have been generated via overcharging for EU ETS.
All four lines declined this morning’s invitation by The Loadstar to refute claims of average voyage ‘surcharge profits’ of €60,000 ($65,000) for Maersk, €23,000 for Hapag Lloyd, €25,000 for MSC, and €14,000 for CMA CGM.
“The data has been thoroughly peer-reviewed,” ...

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]]> https://theloadstar.com/shipping-lines-ripping-off-shippers-with-ets-profiteering-claims-transport-group/feed/ 0 268101 ‘Pooling’ ships could save millions in EU ETS payments, says report https://theloadstar.com/pooling-ships-could-save-millions-in-eu-ets-payments-says-report/ https://theloadstar.com/pooling-ships-could-save-millions-in-eu-ets-payments-says-report/#respond Thu, 08 Feb 2024 13:48:44 +0000 https://theloadstar.com/?p=264737 As the EU ETS standards set in, classification society Lloyd’s Register (LR) has released a report illustrating some of the ways shipowners might try to play the system in the coming years.
The Loadstar has covered the incentives for ETS-dodging: shippers face higher costs for operating within European waters, as transhipment facilities in the Mediterranean face being undercut by non-EU competitors – Egypt’s Port Said and Morocco’s Tangier Med, for example, ...

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]]> https://theloadstar.com/pooling-ships-could-save-millions-in-eu-ets-payments-says-report/feed/ 0 264737 ‘Disproportionate’ cost hikes and emissions adding to Cape route complexity https://theloadstar.com/disproportionate-cost-hikes-adding-to-cape-route-complexity/ https://theloadstar.com/disproportionate-cost-hikes-adding-to-cape-route-complexity/#respond Wed, 10 Jan 2024 12:55:51 +0000 https://theloadstar.com/?p=262444 As well as taking longer, voyages around the Cape of Good Hope mean burning more fuel and emitting more carbon, but cargo research specialist MSI believes carriers are enjoying “disproportionate revenue increases”.
The Loadstar’s Mike Wackett has reported on the enormous recent hikes in $/feu rates – for example, Drewry’s World Container Index (WCI) on Shanghai-Rotterdam increased from $1,442/feu in mid-December, to $3,577 last week.
MSI container market analyst Daniel Richards told ...

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