Tag: Trading
Emissions trading begins to bite
Emission trading systems (ETS) are “cap and trade” schemes that permit the emission of greenhouse gases in exchange for allowances. They are just one part of the ever-expanding web of environmental measures that are impacting the shipping industry with the aim of ensuring greater efficiency and more environmentally friendly shipping, particularly in reducing emissions. IMO…
V.Group partners with Aither to provide carbon trading solutions for shipowners
V.Group (V.), the ship management and marine services company, and Aither, which provides carbon trading solutions for shipowners and other industries, are pleased to announce a strategic partnership focused on the seamless trading of carbon credits for the EU Emissions Trading System (ETS) scheme and beyond, benefiting shipowners with vessels managed by V. The EU…
CMA CGM: Launching of EU Emissions Trading System application to shipping
Following our first communication on Preparing for the EU Emissions Trading System application to shipping published on October 5th, 2023, please find the new applicable EU ETS surcharges rates as follows as from January 1st, 2024 (loading date). The surcharge amounts will be reviewed on a quarterly basis. Q1 2024 amounts are based on average…
AAL Takes Early Stance On The Eu’s New Year Carbon Emissions Trading Rules
AAL Shipping (AAL) has become the first project heavy lift carrier to publish a carbon surcharge guidance to help its customers prepare for the increased costs related to forthcoming European Union regulations on carbon emissions. The move comes ahead of the extension of the EU Emissions Trading System (EU ETS) to cover the maritime industry,…
METIS adds EU Emissions Trading Scheme to Total Emissions Management functionality
METIS Cyberspace Technology has added new functionality to its cloud-based Total Emissions Management solution that allows ship owners and operators to make best use of the EU Emissions Trading Scheme (ETS). As well as supporting IMO’s Data Collection System metrics for a ship’s Average Efficiency Ratio and Carbon Intensity Indicator, and EU monitoring reporting and…
How to prepare for the EU Emissions Trading System and save money
If you’re a ship owner or operator sailing into, out of or within EU waters, the EU Emissions Trading System (ETS) is something you need to know about now. What is the EU ETS and what will it mean for your business? How can good preparation save you money? Here are four top tips. The…
CMA-CGM: Preparing for the EU Emissions Trading System application to shipping
Climate change is a global concern that needs to be addressed collectively. At the heart of all commercial exchanges, shipping is required to contribute to the global effort to reduce greenhouse gas emissions and is progressively integrated to regional and international legislative frameworks. CMA CGM’s decarbonization journey started years ago, with the pioneer decisions to…
zero44 launches “one-stop shop” solution for participation in EU emissions trading
Last Friday, Berlin-based company zero44 launched a new software. It is a direct response to the shipping sector’s participation in the EU Emissions Trading Scheme (EU ETS), which starts on 1 January 2024. Ship owners, ship managers and charterers will then have to buy emission allowances (EUAs) for every tonne of CO2 emitted. A large…
Trading places: shipping must manage new financial risks with transition to EU ETS, says OceanScore
The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. As well as monitoring their emissions to meet reporting requirements, companies must now grapple with the complexities of carbon credit trading to manage and…
Dry Bulk Market: Capesize Market Trading Down in UK and Singapore Holidays This Week
Capesize The Capesize market observed a shortened trading week due to the public holiday in the UK on Monday and another in Singapore on Friday. Trading in the Pacific region displayed consistent volumes throughout the week. The presence of all three major players led to a slightly optimistic market sentiment earlier in the week, but…
