EU ETS is being exploited as a PROFIT MODEL!

Shocking, right?

To us, not really. We didn't expect the big boys like Maersk, CMA, or MSC to only charge for the actual EU ETS costs.

Don't get us wrong, it is understandable that some costs need to be passed on, and with the fluctuation of the EUA price, it's sometimes hard to determine the exact charges. However, a recent study from Transport & Environment (T&E) revealed that the major shipping lines are turning this uncertainty to their advantage:

"In one extreme case, the Danish company Maersk is likely to make more than €300,000 extra off a single voyage."

So, what is this telling us?

🚢 The EU ETS doesn't cause shipping companies to avoid the EU. Quite the opposite, shipping companies may actually have an incentive to visit European ports to earn extra profits from their added ETS surcharges.
💰 Shipping companies impose varying surcharges for the same route - it's a wild west.
🚨 The EU ETS has introduced competition based on environmental behavior for the first time, but it's the cargo owners who end up paying the EUA costs plus a profit surcharge to the shipping lines.

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