The ETS is a key tool of the EU’s policy for reducing greenhouse gas (GHG) emissions. As the world’s first major carbon market, it is part of a series of legislative proposals with the main goal of achieving the EU’s climate neutrality by 2050.
ETS is based on a cap-and-trade system, where the cap limits an entity’s GHG emissions, and within this cap, an entity can buy emission allowances. Shipping companies are expected to give enough allowances to cover all their emissions.
As a note, please keep in mind that the EU ETS is not a sustainable product offered by Hapag-Lloyd.
What is new in Hapag-Lloyd's ETS approach?
Further to our update in September 2023, there are a few more details that we would like to share with you.
ETS values will depend on the port-pair combination. However, the charge only applies if the container is loaded or unloaded in an EEA country. This might influence the ETS amount per container for European Economic Area (EEA) states where the charge applies and are listed below for your reference.
BE – Belgium
BG – Bulgaria
HR – Croatia
CY – Cyprus
CZ – Czech Republic
DK – Denmark
EE – Estonia
FI – Finland
FR – France
DE – Germany
GR – Greece
HU – Hungary
IC – Iceland
IR – Ireland (excl. North Ireland)
IT – Italy
LV – Latvia
LI – Lichtenstein
LT – Lithuania
LU – Luxembourg
MT – Malta
NL – Netherlands
NO – Norway
PL – Poland
PT – Portugal
RO – Romania
SK – Slovakia
SI – Slovenia
ES – Spain
SE – Sweden
Please note that the initial proposed surcharge calculation was impacted by earlier assumptions that were found to be overly optimistic, consequently affecting the final surcharge amount.
The EU Emission Trading System surcharge will be in effect from January 1, 2024. Our website’s tariff section will be updated quarterly with detailed information on geographies and coverage.
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