Job offersmore »

Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Maersk announces ambitious cut to CO2, revises cold treatment surcharge

In a letter released this week, Maersk head of sustainability strategy John Kornerup Bang called for a concerted effort from shipping to reduce its carbon dioxide emissions. Maersk also announced they will be revising the cost of Cold Treatment Surcharge effective from 1st January 2018. 

"Raising the ambition for global regulation remains crucial to ensure shipping’s contribution to reach the Paris Agreement’s goal of staying below 2°C temperature rise," he said. "While shipping is often the most efficient way of moving goods over long distances, the industry must step up its efforts to pollute less."

IMO member states have agreed to a broad outline for setting emissions reductions goals, but they have not yet committed to specific percentage targets or to a timeline. Over the coming three decades, shipping's share of the world's CO2 output is set to rise to about 15 percent from its current level of about two percent, according to the UCL Energy Institute and the Danish Shipowner's Association. Climate activists say that due to shipping's rising share, reining in carbon emissions on the high seas is an important part of keeping the world's atmospheric CO2 concentration in check. 

Bang said that the ongoing COP23 climate summit in Bonn, Germany would be a good time to continue negotiations on commitments from shipping. Like others in the industry, he noted that much more innovation will be required before shipping can do without fossil fuel altogether, but he pointed out that IMO has already identified existing technology to cut the sector's emissions by 75 percent. 

Overall, Maersk Line has cut its CO2 emissions per TEU by 40 percent over the last ten years, and Bang said that it is aiming to take this to 60 percent by 2020.

However, he stressed that the world's largest ocean carrier can't do it alone. The solution, he suggests, is regulatory guidance that would level the global playing field. In particular, he said that Maersk was disappointed that shipping was not included in the COP21 treaty in 2015; the sector was left out of the landmark climate agreement following lobbying by IMO, which argued that shipping's CO2 should be regulated through the traditional convention and ratification process. 

Over the years since, IMO's member states have not yet settled on specific regulations, though they have agreed to a fuel consumption monitoring program. Bang said that the pressure is on for IMO to act, and "we would have preferred to see more progress during the latest meeting in October this year, particularly on the level of ambition." He expressed hope that IMO will reach an agreement with concrete measures at the next MEPC meeting next year. 

Cold Treatment Surcharge (CTS)
In order to continue offering a cold treatment service, Maersk Line will be revising the surcharge applicable, effective 1st January 2018.

The new tariff will apply only for the combination of origin/destination/commodity defined in the CTS protocol. And the levels will be as follows:
  • World (Except Australia) to World: 900 USD per container
  • Australia to World: 1100 USD per container
The rates are unaffected by, and do not affect, any tariff notified, published or filed in accordance with local regulatory requirements.

For trades subject to the US Shipping Act or the China Maritime Regulations, quotations or surcharges that vary from the Maersk Line tariff shall not be binding on Maersk Line unless included in a service contract or service contract amendment that has been filed with the Federal Maritime Commission (FMC) or the Shanghai Shipping Exchange, as applicable.

Publication date: 11/24/2017



Other news in this sector:

4/20/2018 BioConsortia raises $15 million in funding
4/20/2018 Evonik opens research hub in Singapore
4/20/2018 Koppert Biological Systems expands board
4/20/2018 Singapore: Syngenta opens digital innovation lab
4/20/2018 "CAP favours Northern European countries"
4/20/2018 “Kids don’t know the difference between a real strawberry and its aroma”
4/19/2018 Australian grower recognized for efforts in China
4/19/2018 China: Zhongnong Futong appoints Sjaak van der Tak as consultant
4/18/2018 New BrightFarms greenhouse to supply Ohio consumers from July 2018
4/18/2018 ScottsMiracle-Gro to acquire Sunlight Supply
4/18/2018 US: GreenGro Technologies acquires Biodynamics Hydroponics
4/18/2018 "The season for reflector cleaning is here"
4/17/2018 Kenya: BASIS crop protection class still open for enrolment
4/17/2018 US: American Coolair adds sales representative
4/17/2018 Priva appoints Bram Koppert as General Manager Asia
4/17/2018 US: HRI opens grant submission process for 2019
4/16/2018 "The demand for sustainable and customized propagation products has risen"
4/16/2018 Five weeks later, Maersk Honam is still burning
4/16/2018 US: Plant-Prod hires Karen Cords as sales manager
4/13/2018 Takura acquires stake in Mozambican vegetable producer