Platts to adjust emissions cost percentage of yearly, dynamic conventional and LNG carbon-inclusive base rates

Platts, part of S&P Global Energy, will adjust the emissions cost percentage of yearly and dynamic conventional and LNG carbon-inclusive base rates, as well as EUA charges for assessed routes, effective Dec. 8.

Currently, Platts calculates carbon-inclusive base rates and EUA charges based on 70% of the cost of carbon emissions estimated for each route.

The adjustment will now account for 100% of emissions costs in their calculations, following the phased-in approach outlined by the European Parliament regarding the reporting and payment of emissions, which requires that 100% of emissions reported in 2026 will be payable in 2027. The change is in line with EU Directive 2023/959 of May 10, 2023.

The conventional and LNG carbon-inclusive base rates will fully reflect the costs to offset:

• 100% of CO2 emissions for intra-EU voyages and time spent at European Economic Area berths
• 50% of CO2 emissions for all inbound and outbound voyages between EU and non-EU member states

• 0% of CO2 emissions while the vessel is docked in non-EU member state ports

The yearly conventional and LNG carbon-inclusive base rates will include an average of spot values of EUAs, from Oct. 1, 2024, to Sept. 30, 2025 .

The dynamic conventional and LNG carbon-inclusive base rates will include the spot value of EUA for the corresponding date (Symbol code - EADLP00).

Additionally, yearly and dynamic EUA charges basis conventional and LNG will be published as stand-alone values to represent the estimated cost of conventional and LNG carbon emissions of each assessed route.

Both the carbon-inclusive base rates and the EUA charges lists of affected symbols and assessed routes are available here .

Please send all comments or questions to tankers@spglobal.com and pricegroup@spglobal.com .

For written comments, please indicate clearly if they 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.