EU ETS Archives - The Loadstar

How to avoid ‘a wave of regulatory pain’ from Fuel EU Maritime rules

Charlotte Goldstone — Tue, 05 Nov 2024 11:47:53 +0000

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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Congestion fears as box lines plan to dodge EU carbon tax with UK first-call

Charlie Bartlett technology editor — Thu, 17 Oct 2024 11:32:36 +0000

The UK appears to have become the hot EU ETS-dodging destination du jour, with many carriers adding a call there before going on to EU ports on Asia-Europe routes.
While the UK has its own emissions trading system (ETS), shipping will only be included from 2026 – and even then, only voyages that depart from and arrive at UK ports.
This means shipping lines that would be paying a 50% EU ...

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Close price gap between fossil fuel and going green, urges Maersk CCO

Charlotte Goldstone — Fri, 11 Oct 2024 10:12:48 +0000

Shippers shouldn’t have to choose between “what is cheap, and what is the right thing to do”, according to Maersk’s CCO Karsten Kildahl, as he urged authorities to close the fuel-pricing gap.
On the sidelines of Maersk’s vessel-naming ceremony at the UK port of Felixstowe this week, Mr Kildahl explained: “If I look at our top 200 customers, more than two-thirds of them already have science-based targets for their emissions. And ...

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The cost of ‘going green’ could render deepsea shipping ‘too expensive’

Gavin van Marle — Thu, 10 Oct 2024 11:38:48 +0000

Regulation introduced to decarbonise shipping could lead to the demise of certain deepsea shipping sectors, delegates at the World Ports Conference in Hamburg were told this morning.
Tim Power, MD of Drewry Shipping Consultants, noted a recent prediction from class society DNV that the cost to operate container shipping services were expected to double, due to decarbonisation costs, and suggested that some scenarios could lead to a fundamental reworking of long-distance ...

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Adding UK port as first call will see Asia-Europe liners save on ETS fees

Charlie Bartlett technology editor — Fri, 27 Sep 2024 11:56:24 +0000

Research from analyst Sea Intelligence has found that next year, Asia-North Europe services with a first port of call outside the EU – most often the UK – will allow carriers to sidestep much of their EU Emissions Trading System (ETS) obligation, with MSC potentially enjoying a saving of 47%.
UK ports are emerging as winners in the wake of ETS market distortion, with carriers adding a call at Southampton, Liverpool ...

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More EU ‘greener shipping’ regulations loom, with ‘significant’ penalties

Charlotte Goldstone — Thu, 16 May 2024 12:28:05 +0000

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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Shipping’s decarbonisation journey is under way

Gavin van Marle — Tue, 14 May 2024 09:46:13 +0000

There has been a gradual transition in the way the shipping sector perceives decarbonisation. In the recent past, it was more of an aspirational ideal to which only lip service was paid. This was due to there being no commercial incentive to act, coupled with a lack of recognition of the significant carbon footprint of the shipping sector on the environment, climate and society.
However, the sector is now committed to ...

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Maersk hits back at ‘misleading’ and ‘outdated’ ETS rip-off claims

Charlotte Goldstone — Tue, 26 Mar 2024 18:38:48 +0000

Maersk has denied claims it is ripping off shippers by overcharging on EU ETS surcharges and refuted the Transport & Environment (T&E) study unveiled today, branding its findings “misleading”, and reliant on “flawed analysis” and “outdated surcharge estimates”.
The four largest European shipping lines – Maersk, MSC, Hapag-Lloyd and CMA CGM – were named and shamed in T&E’s Profits Uncontained report, which claims millions of dollars in profits had been generated by ...

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Sam Warren elected first chair of BIFA sustainability policy group

Gavin van Marle — Thu, 14 Mar 2024 12:30:07 +0000

Sam Warren (above, right), sustainability manager at UK freight forwarder Woodland Group, has been elected as the first chair of the British International Freight Association (BIFA) Sustainable Logistics Policy Group.
The policy group was established last year to “help identify and report on environmental-related issues which are already impacting members’ business operations, as well as those that may do so in the future”.
BIFA’s March meeting also discussed two EU measures: the ...

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EU ETS could be a new trading market for ‘a bit of a gamble’

Charlotte Goldstone — Fri, 01 Mar 2024 11:19:23 +0000

Maritime stakeholders operating under the EU ETS could be tempted to stock up on EUAs when the auction price is low, and even trade them for profit – but it could be a risky strategy.
The EU Emissions Trading System came into effect on 1 January, requiring vessel owners to buy EU allowances (EUAs) that correspond with the per-tonne carbon emissions of their ships that call at EU ports. They ...

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