Container shipping lines to implement carbon emission surcharges in 2024

Date Added: 13 October 2023

Container shipping lines to implement carbon emission surcharges in 2024

Shipping lines are providing guidance on preliminary carbon pricing as European legislation aimed to reach carbon neutrality by 2050 fast approaches and that is interesting news for Davies Turner with our comprehensive portfolio of international container shipping services.

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 travelling between EU countries and vessels travelling between an EU and non-EU port.

Some details in the law are still yet to be finalized, such as a list of transshipment ports. The list is expected to be published by the end of 2023, according to an advisory from CMA CGM.

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit the relevant pages of this website.

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