Singapore’s EU ETS liabilities of €330m can accelerate green shipping initiatives, says OceanScore
Singapore-registered vessels will be required to contribute a significant €330m share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for global trade and decarbonisation, according to OceanScore.
Shippers will have foot the final bill for greener shipping
Carriers will have to rely on cargo-owners’ willingness to pay a healthy surcharge for greener shipping, in order to recover the cost of ‘significantly more expensive’ green methanol fuel.
Issue of decarbonisation to dominate talks at SMW
But much of the industry remains preoccupied with the newly implemented European Union Emissions Trading Scheme, and would prefer a simple levy on bunker consumption
Albrecht Grell: Würde ETS-Klauseln schnell klären, wenn ich Reeder wäre
Albrecht Grell, einer der Geschäftsführer von OceanScore, verrät im aktuellen HANSA Podcast, was Reedereien jetzt im Hinblick auf den EU-Emissionshandel unternehmen sollten und was das Hamburger Unternehmen mit seiner EU-ETS-Lösung als nächstes vorhat.
OceanScore identifies EU ETS best practice to tackle ‘strategy gaps’ on compliance
Many shipping companies are still striving to define their strategy for EU ETS compliance some 90 days after implementation of the complex regulation, according to OceanScore, as it leverages lessons learned from clients to date to define best practice.
CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy
While the Red Sea issues have resulted in a shipping container rate spike, Hapag-Lloyd is forecasting a decrease in its earnings this year as costs increase related to the trade diversions from the Red Sea.
Rerouting pushing up ETS bill for containership operators
Container lines have increased sailing speeds to maintain schedules on the longer routing around the Cape of Good Hope. But the extra fuel burn will mean higher emissions costs for voyages to Europe
Cape diversions see box shipping EU ETS outlays leap by 191%
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the recently introduced emissions trading scheme for shipping created by the European Union (EU ETS) as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to Hamburg-based maritime technology firm OceanScore.
OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis
Persistent missile attacks by Houthi on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to OceanScore.
GLOBAL: CAPE OF GOOD HOPE DIVERSIONS PUSH UP EU ETS COSTS
Vessel operators switching to Cape of Good Hope routes to avoid the volatile Red Sea region could see a near tripling of their EU Emissions Trading System (ETS) liabilities, says maritime data analysis company Oceanscore.