Starting from the first of January 2024, shippers and freight forwarders will be authorized to monitor and report their emissions during voyages within the European Economic Area and 50% of voyages that begin or end termination at European ports.
In a recent client advisory report, Maersk said that compliance costs are expected to be significant and will continue to increase with phased implementation. It will be passed on in the form of a standalone surcharge known as an Emissions Surcharge, applied to all bookings on the voyage that will be subject to the EU ETS.
Hapag-Lloyd also informed their customers that ETS will result in additional costs that will be applied as a separate surcharge and that customers should be prepared for costs in the coming year.
To offset these costs, Maersk estimates that on the Asia-North Europe route, it will need to impose a fee of 73 USD/FEU, while Hapag-Lloyd estimates a fee of 12 USD/TEU.
The surcharge will be applied quarterly to shippers starting from the first quarter of next year. Transport companies must cover the cost of emission permits, for 40% of greenhouse gas (GHG) emissions by 2024, increasing to 70% by 2025 and reaching the full level (100%) from 2026.
By 2024, shippers and freight forwarders must purchase one EU emission (European Union Allowance – EUA) for each reported CO2 attack emission and are free of charge to the EU every year.
EUA can purchase information through exchanges such as the Intercontinental Exchange, the European Energy Exchange, the Nasdaq and over-the-counter markets involving carriers and customers.
– Nguồn: Logistics Việt Nam –
