Understanding the EU ETS:
The EU ETS, or European Emissions Trading System, has been established as a pivotal measure in the fight against climate change and the reduction of greenhouse gas emissions (GHGs). This cap-and-trade system aims to restrict the overall volume of CO2 emissions originating from various sources, including installations within the maritime and road transport sectors. Under this system, each installation is assigned a specific number of emission allowances, often referred to as "quotas," representing the authorization to emit a predefined quantity of CO2. This framework has been in effect since 2005, but it is now being extended to encompass maritime and other logistics operations. Please note that, at this stage, it exclusively targets CO2 emissions, not the equivalents (CO2e), with methane and NOX emissions slated for inclusion in 2026.
Coverage of the EU ETS:
The EU ETS now extends to cover the following areas:
Impact on our Customers:
- 50% of emissions from voyages commencing or concluding outside of the EU.
- 100% of emissions arising from voyages between two EU ports and when ships are within EU ports.
There will be a surcharge associated with these emissions regulations.. We are actively working on determining the cost implications for our customers and will promptly update you with more detailed information once we have the figures available.
Your business and partnership are of great importance to us, and we are committed to maintaining transparency and ensuring that you are well informed about any changes that may affect your operations. If you have any questions or require further information on this matter, please do not hesitate to contact our dedicated customer service team. We are here to assist you and address any concerns you may have.
Read more about ETS on the European Union’s website: