News
Emissions-related surcharges have on average doubled on the mainline Asia-Europe trade so far this year as carriers contend with the European Union (EU)’s stricter decarbonization measures, according to overseas media reports.
The new FuelEU Maritime measure, which took effect on Jan. 1, requires lines to cut the greenhouse gas (GHG) energy intensity of ships calling Europe by 2% versus a 2020 baseline.
Simultaneously, the European Union Emissions Trading System (EU-ETS), introduced in 2024, now demands carriers to buy carbon credits to cover 70% of CO2 emissions, up from 40% in 2024.
While carriers are forecast, in general, to pay less for bunkers in 2025, the overall fuel bill for European calls is expected to rise due to the increase in regulatory costs.
