About the carbon emission reduction of the shipping industry, the rules "too blur" make th
- Author:Josie
- Source:Search network
- Release Date:2021-05-25
Policy details are still blurred
The ship broker Gibson said in its latest weekly report: "In September last year, the European Parliament voted to include 5,000 total tons of greenhouse gas (GHG) emissions in the EMAN (EU ETS) before January 1, 2022. In the next few months, the EU regulatory agency has spent the policy consultation period and is being promoted. "
"It is expected that the EU will raise ultimate legislation in July this year, although the global epidemic has caused interference, but so far, there is no indication that the original implementation date may be postponed. The shipping industry is ready for time, however The policy specific content is still agreed, but important details are fuzzy and uncertain. "
According to the marine brokerage company, "the most important thing is how the carbon emissions of shipping will be calculated, especially for international routes from the EU, and whether there will be any subsidies." In the early 2010s, the EU The ETS is persuasted, and only the flight in the European Economic Zone is incorporated into ETS, and the industry has also obtained a lot of subsidies. "
About the carbon emission reduction of the shipping industry, the rules "too blur" make the shipowners headache
Some routes may be taken out of the market
Gibson reported: "Shipping is also waiting for the EU final legislative proposal, we can only guess the final result. However, if the industry is incorporated into ETS, it will undoubtedly lead to an increase in cost. Since October last year, carbon prices have risen More than double, reaching 56 euros on May 14, the current transaction price is slightly higher than 50 euros. "
Although it is still not possible to determine if EU ETS is applicable, it is suitable for the EU area, or the entire voyage, but it is only available for the EU internal trade and the ETS price is 50 euros, from Mongstad to RotterDam's 80,000 tons of crude oil transportation carbon costs ( Slow non-green ships) may reach 46,000 euros or 0.58 euros / ton. In long-distance sailing, such as transporting the same goods from Mongstad to Trieste, the carbon cost is higher, and the evaluation is 138,250 euros or 1.73 Euro / ton.
For smaller ships, due to the decrease in fuel consumption, the absolute carbon cost is low, but its freight scale is also small, which will lead to very high carbon costs in unit tons. Assumptions are the same, from Cartagena to Lavera emissions costs to 21750 euros, ie 0.59 euros per ton. The long-distance navigation cost of card cartagena to Rotterdam is higher, close to 54,000 euros, ie 1.46 euros per ton. Of course, this analysis has many sensitivity factors because carbon prices may rise or fall, but the amount of emissions depends not only on the navigation distance, but also depends on fuel consumption. Therefore, people may pay more attention to environmentally friendly boats, as such ships provide lower fuel consumption, thereby reducing emissions. Overall, if the EU regulator does not solve this problem, the shipping industry is incorporated into the EU carbon emissions trading system to bring some routes from market, especially long-distance routes.
Who pays for additional costs?
Gibson concludes: "Because the oil transfer and major commodities are priced in US dollars, ETS is transaction with euro, so expected exchange rate risks will also increase. From the perspective of tankers, the most critical problem is responsible for additional fees? After introducing an emission control area in the North Sea and the Baltic Sea, the higher cost of the boat fuel containing 0.1% of the sulfur is passed to the rental. Today, the situation may be, after all, the supply and demand of the tanker and the resulting TCE The benefits are the main driving force of the market, so if the shipowneas discovers the spot benefits of European trading, then these shipowners turn to a region with higher profits, which is inevitable, so this will also Improve the cost of EU internal transactions. "
The ship broker Gibson said in its latest weekly report: "In September last year, the European Parliament voted to include 5,000 total tons of greenhouse gas (GHG) emissions in the EMAN (EU ETS) before January 1, 2022. In the next few months, the EU regulatory agency has spent the policy consultation period and is being promoted. "
"It is expected that the EU will raise ultimate legislation in July this year, although the global epidemic has caused interference, but so far, there is no indication that the original implementation date may be postponed. The shipping industry is ready for time, however The policy specific content is still agreed, but important details are fuzzy and uncertain. "
According to the marine brokerage company, "the most important thing is how the carbon emissions of shipping will be calculated, especially for international routes from the EU, and whether there will be any subsidies." In the early 2010s, the EU The ETS is persuasted, and only the flight in the European Economic Zone is incorporated into ETS, and the industry has also obtained a lot of subsidies. "
About the carbon emission reduction of the shipping industry, the rules "too blur" make the shipowners headache
Some routes may be taken out of the market
Gibson reported: "Shipping is also waiting for the EU final legislative proposal, we can only guess the final result. However, if the industry is incorporated into ETS, it will undoubtedly lead to an increase in cost. Since October last year, carbon prices have risen More than double, reaching 56 euros on May 14, the current transaction price is slightly higher than 50 euros. "
Although it is still not possible to determine if EU ETS is applicable, it is suitable for the EU area, or the entire voyage, but it is only available for the EU internal trade and the ETS price is 50 euros, from Mongstad to RotterDam's 80,000 tons of crude oil transportation carbon costs ( Slow non-green ships) may reach 46,000 euros or 0.58 euros / ton. In long-distance sailing, such as transporting the same goods from Mongstad to Trieste, the carbon cost is higher, and the evaluation is 138,250 euros or 1.73 Euro / ton.
For smaller ships, due to the decrease in fuel consumption, the absolute carbon cost is low, but its freight scale is also small, which will lead to very high carbon costs in unit tons. Assumptions are the same, from Cartagena to Lavera emissions costs to 21750 euros, ie 0.59 euros per ton. The long-distance navigation cost of card cartagena to Rotterdam is higher, close to 54,000 euros, ie 1.46 euros per ton. Of course, this analysis has many sensitivity factors because carbon prices may rise or fall, but the amount of emissions depends not only on the navigation distance, but also depends on fuel consumption. Therefore, people may pay more attention to environmentally friendly boats, as such ships provide lower fuel consumption, thereby reducing emissions. Overall, if the EU regulator does not solve this problem, the shipping industry is incorporated into the EU carbon emissions trading system to bring some routes from market, especially long-distance routes.
Who pays for additional costs?
Gibson concludes: "Because the oil transfer and major commodities are priced in US dollars, ETS is transaction with euro, so expected exchange rate risks will also increase. From the perspective of tankers, the most critical problem is responsible for additional fees? After introducing an emission control area in the North Sea and the Baltic Sea, the higher cost of the boat fuel containing 0.1% of the sulfur is passed to the rental. Today, the situation may be, after all, the supply and demand of the tanker and the resulting TCE The benefits are the main driving force of the market, so if the shipowneas discovers the spot benefits of European trading, then these shipowners turn to a region with higher profits, which is inevitable, so this will also Improve the cost of EU internal transactions. "