Impact on ferry operators
The ETS will significantly impact ferry operators. Starting in 2024, they will need to buy emission rights to cover their CO2 emissions each year, translating into an "ETS surcharge" on the ferry.
EU ETS phase-in period
The EU Commission has agreed on a three-year phase-in period for the EU ETS for shipping, starting in 2024. During this phase-in period, ferry operators will only be required to purchase emission rights for some of their emissions. The percentage of emissions covered by the ETS will increase over time, reaching 100% in 2026.
UK ETS
The UK is also developing its version of the ETS, which is likely to be implemented in the coming years.
ETS Impact in 2025
The ETS is expected to impact ferry operators in 2025 significantly. The percentage of emissions covered by the ETS will increase to 70% in 2025, and the ETS surcharge on ferries is expected to be higher than in 2024.
What does this mean for our customers?
The ETS will increase costs for ferry operators, which will ultimately be passed on to customers through higher freight rates. We are working to mitigate the impact of the ETS on our customers by negotiating with ferry operators to obtain the best possible rates.
Conclusion
The ETS is a significant new policy that will have a major impact on the ferry industry. We are committed to working with our customers and partners to address the challenges and opportunities presented by the ETS.
