News / Maersk and Hapag-Lloyd offer their guides to 2024 ETS surcharges

© Thai Noipho

European shippers and freight forwarders are beginning to understand how new EU emissions regulations, set to come into force in January, could increase ocean freight costs.

The Emission Trading System (ETS) is the bloc’s attempt to force its transport industries to decarbonise by introducing a CO2 pricing market mechanism.

The ETS CO2 emissions per teu are based on methodology developed by the Clean Cargo Working Group, as well as market prices for EU allowances (EUAs) – the CO2 calculations for a voyage ...