CMA CGM, Maersk and Hapag-Lloyd are rolling out the fees to comply with new European Union regulations aimed at reaching carbon neutrality.
What happened
Let Supply Chain Dive's free newsletter keep you informed, straight from your inbox.
Why it matters
Shippers are being given preliminary carbon pricing as European legislation aimed to reach carbon neutrality by 2050 fast approaches.
The EU Emissions Trading System will apply to the shipping sector starting Jan. 1, 2024, and will require ocean carries to monitor and report their carbon emissions. By the end of the year, carriers purchase the equal amount of emission “allowances,” where one allowance counts for one ton of CO2.
Legislation will apply to vessels traveling between EU countries and vessels traveling between an EU and non-EU port.
This news brief is based on reporting published by Supply Chain Dive on 2023-10-12. The original report is linked below.
Supply Chain Dive
https://www.supplychaindive.com/news/ocean-carriers-announce-carbon-emission-surcharges-2024/696063/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
