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Maritime & Shipping, Refined Products, Energy Transition, Fuel Oil, Diesel-Gasoil, Bunker Fuel, Emissions, Carbon
September 29, 2023
Platts, part of S&P Global Commodity Insights, proposes to launch all-inclusive carbon-accounted freight assessments for selected daily dry bulk routes, along with standalone carbon emission charge assessments effective Dec. 1, 2023.
The carbon emission charge and the carbon-accounted dry bulk freight assessments would reflect the laden leg of the following voyage routes:
Segment | Load Port | Discharge port | Cargo Size (kt) |
Capesize | Tubarao, South Brazil | Rotterdam, Netherlands | 170 |
Capesize | Hay Point, Northeast Australia | Rotterdam, Netherlands | 160 |
Capesize | Puerto Bolivar, Colombia | Rotterdam, Netherlands | 150 |
Panamax | Port Cartier, East Coast Canada | Rotterdam, Netherlands | 70 |
Panamax | Ventspils, Latvia | Rotterdam, Netherlands | 70 |
Panamax | Mobile, US Gulf Coast | Rotterdam, Netherlands | 70 |
Panamax | Hampton Roads, US East Coast | Rotterdam, Netherlands | 70 |
Panamax | Kamsar, West Africa | San Ciprian, Spain | 59 |
Supramax | Riga, Latvia | Aliaga, Turkey | 35 |
Supramax | Rotterdam, Netherlands | Aliaga, Turkey | 40 |
Supramax | Rotterdam, Netherlands | Aliaga, Turkey | 30 |
Based on the EU Emission Trading System (EU ETS) phase-in inclusion of shipping, the carbon emission charge and the carbon-accounted Dry Bulk Freight assessments would reflect 40% of the carbon dioxide emissions created on voyages involving European Union ports and European Economic Area berths according to the scope described above, increasing to 70% for 2025 and to 100% for 2026 onwards.
In addition, the carbon emission charge and the carbon-accounted Dry Bulk Freight assessments would reflect the cost to offset:
Platts publishes the values as defined in the relevant European legislation and will reflect any updates accordingly.
The proposed assessments would be published in US dollars/mt.
The calculations use the daily EU Emission Allowance Nearest-December price (EADLP00) as published by Platts. The voyage carbon emissions based on fuel consumption would 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:
Assessment Name | Value | Daily Code |
Carbon Conversion Factor 0.5% VLSFO | 3.151 t-CO2/T-fuel | ASFOA00 |
Carbon Conversion Factor 0.1% MGO | 3.206 t-CO2/T-fuel | AMGOA00 |
Please send any feedback, comments, or questions by October 20 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.