Platts proposes to launch carbon-accounted tanker freight assessments on all routes involving EU ports July 1

Platts, part of S&P Global Commodity Insights, proposes to launch daily carbon-accounted freight assessments on 38 dirty tanker and 42 clean tanker routes involving European Union ports effective July 1. The assessments would expand the current suite of Aframax carbon-accounted tanker freight assessments on four European and two Americas routes launched Aug. 1, 2022 and Nov. 1, 2022, which can be referenced in the subscriber methodology notes here and here , respectively.

The new carbon-accounted tanker freight assessments would reflect spot values inclusive of EU Emission Trading System (EU ETS) costs, following the March 1, 2024 amended methodology for the existing carbon-accounted freight assessments on the six Aframax routes launched in 2022. The subscriber methodology change launch note can be accessed with this link .

In line with EU Directive 2023/959 of May 10, 2023, the carbon-accounted freight assessments would fully reflect the cost to offset:

** 100% of carbon dioxide emissions for intra-EU voyages and time spent in European Economic Area (EEA) berths

** 50% of carbon dioxide emissions for all inbound and outbound voyages between EU and non-EU member states

** 0% of carbon dioxide emissions, while the ship is in non-member state ports

The new carbon-accounted freight assessments would reflect spot fixtures, bids and offers inclusive of EU ETS costs according to the European Parliament's phased-in approach as follows:

** 40% of emissions reported in 2024 payable in 2025

** 70% of emissions reported in 2025 payable in 2026

** 100% of emissions reported in 2026 payable in 2027

The assessments would be published in the Platts Dirty Tankerwire, Platts Clean Tankerwire, Platts Dirty Tankerwire Monthly, Platts Clean Tankerwire Monthly and on new Platts Shipping Alert and Platts Tanker Alert pages.

Please send all comments or questions by May 24, 2024, to tankers@spglobal.com and pricegroup@spglobal.com

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.