Fuel & ETS

As a result of the IMO 2020 regulations, all shipping providers are required to impose and adjust fuel surcharges each month in line with the current barrel prices.  The fuel surcharges will vary each month but in some instances, they may vary during the month.

Please note, as of 1st January 2024, amendments to the EU Emissions Trading System (ETS) will result in an additional surcharge being applied to all shipments in the following circumstances:

Voyages travelling within the EU or whilst the ships are within EU ports (100% of emissions), Voyages starting or ending outside of the EU (50% of emissions).  This allows the other country to determine the action they will take for the remaining share of emissions. The UK have announced that a similar system will also be introduced on UK domestic routes and UK-EU routes, but there has been no confirmation on the dates that this surcharge will come into effect

For further information on the ETS surcharge, please refer to the EU Commission Website.

We have recently made some changes to our Fuel Surcharges document to include the ETS Surcharge.  Guidance on calculating the appropriate fuel surcharges for your vehicles on each route has been included to help make it as quick and easy as possible to get the correct figure.