Implementation of environmentally-compliant surcharges from 2025
As global climate challenges grow, ONE remains dedicated to environmental sustainability, aligning with global initiatives to reduce greenhouse gas (GHG) emissions. They would like to inform you of recent regulatory updates impacting the shipping industry and their approach to ensuring compliance.
European Union Emissions Trading System (EU ETS)
Effective January 1, 2024, ONE is implementing an ETS surcharge due to the EU ETS extension to maritime shipping. This mandate requires compensating CO2 emissions by purchasing European Union Allowances (EUAs). Under the phased approach, required EUAs will increase from 40% in 2024 to 70% in 2025, aligning with EU ETS legislation.
FuelEU Maritime Regulation
Beginning January 1, 2025, the FuelEU Maritime Regulation will require low-carbon fuels for EU-related voyages, aiming to reduce the GHG intensity of onboard energy use. This regulation forms part of the EU’s “Fit for 55” package, targeting a 55% GHG reduction by 2030. It establishes progressive GHG intensity reduction targets, beginning with 2% in 2025, reaching 80% by 2050, covering CO2, methane, and nitrous oxide emissions on a Well-to-Wake (WtW) basis.
For detailed insights on the FuelEU Maritime Regulation, please refer to the European Commission’s website.
Customer Impact
To meet these new standards and any future requirements, ONE will introduce an environmentally-compliant surcharge, combining costs associated with both the EU ETS and FuelEU Maritime Regulation. This new surcharge will replace the current ETS surcharge. For further details on ONE’s Green Strategy, visit their Green Strategy Portal.
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