Platts to launch Aframax carbon emission charges Sept. 1

Platts, part of S&P Global Commodity Insights, will launch carbon emission charge assessments for its daily Aframax dirty tanker freight assessments on the UK Continent-to-UK Continent, Baltic-to-UKC, Ceyhan-to-Mediterranean, Black Sea-to-Med and US Gulf Coast-to-UKC/Med routes, effective Sept. 1, to complement the all-inclusive carbon-accounted freight assessments launched on the above stated six routes in 2022.

The carbon emission charge assessments will reflect the additional cost to offset 100% of the carbon dioxide emissions created on voyages involving EU ports and European Economic Area berths, taking into account recent guidance in the final compromise text on the EU's Emission Trading System released by the European Parliament Environmental Committee on Feb 9 in the following document.

In line with the final European Parliament compromise text, the carbon emission charge assessments will reflect the cost to offset 100% of:

• 100% of carbon dioxide emissions for intra-EU voyages and time spent European Economic Area 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

Platts publishes the values as defined in the relevant European legislation and will reflect any updates accordingly. The most recent methodology update is published here.

These new assessments will be published in Worldscale points and in US dollars/mt.

The new assessments are:

The subscriber launch note for the EMEA-loading and Americas-loading carbon-accounted freight assessments was published here, and the launch note for the carbon-accounted freight assessments loading on the US Gulf Coast was published here on Nov. 1, 2022.

On June 1, 2023, the methodology underlying the carbon-accounted Aframax freight assessments was amended to reflect the recent EP EC guidance referenced above.

The calculations use the daily EU Emission Allowance Nearest-December price (EADLP00) as published by Platts. The tank-to-wake carbon emissions based on the fuel consumption will be calculated using the carbon conversion factors published in Annex 1 of Regulation (EU) 2015/757 of the European Parliament and of the Council on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport.

These carbon conversion factors, published by Platts since Aug. 1, 2022, are:

The new assessments will be published in the Platts Dirty Tankerwire and Platts Dirty Tankerwire Monthly. The carbon-accounted freight assessments and new emission charge assessments will be published on the new Platts Shipping Alert pages SHP 2622, SHP 2623, SHP 2624, SHP 2625 and the new Platts Tanker Alert pages PGT 4008, PGT 4009, PGT 4010 and PGT 4011.

Please send all comments or questions to shipping@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.