PRESS ROOM

Shipping lines are providing guidance on preliminary carbon pricing as European legislation aimed to reach carbon neutrality by 2050 fast approaches and that is interesting news for the U-Freight Group, with our comprehensive portfolio of international container shipping services.

From January 1, 2024, the EU Emissions Trading System will apply to the shipping sector and will require lines to monitor and report their carbon emissions. By the end of the year, lines will purchase the equal amount of emission “allowances,” where one allowance counts for one ton of CO2.

Legislation will apply to vessels traveling between EU countries and vessels traveling between an EU and non-EU port.

Some details in the law are still yet to be finalized, such as a list of transshipment ports. The list is expected to be published by the end of 2023, according to an advisory from CMA CGM.

You can find more information about the U-Freight Group’s ocean freight services by visiting the relevant pages of this website or speaking to your usual contact in our company.