Announcements

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:

7/20/2018 Urban F***ers?
7/20/2018 Matthias Haakman new account manager at Kees Greeve B.V.
7/19/2018 Evogene joins International Phytobiomes Alliance
7/19/2018 Australian Made Campaign appoints new CEO
7/19/2018 US: 2018 Caplan Family Business Scholarship application period open
7/19/2018 New project aims at sustainable substrates
7/18/2018 Management changes within Hatenboer-Water
7/18/2018 Panalpina Perishables Network expands to South Africa
7/18/2018 UK: Intelligent Growth Solutions appoints Chief Strategy Officer
7/18/2018 AgBiome secures $65 million to develop microbiome crop protection
7/18/2018 Aphria acquires assets in Latin America and the Caribbean
7/17/2018 Syngenta appoints Gaoning “Frank” Ning new Chairman of the Board
7/17/2018 CAN (ON): Cigarette blamed for million-dollar blaze
7/17/2018 American Farm Bureau promotes two staff members
7/17/2018 Art McSwain joins Certis USA as Regional Manager
7/17/2018 Austrian LED suppliers join forces
7/17/2018 Nutrien buys Agrible for $63 million
7/17/2018 CAN (QC): Premier Tech acquires engineering firm
7/17/2018 Heliospectra expands executive team with two VPs
7/17/2018 US (CA): GrowGeneration buys Santa Rosa Hydroponics and Grower Supply