Cargo Shipping In Flux: EU ETS Tax Sparks Concerns

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Mfame Editor
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  • The EU Emissions Trading System (ETS) tax, implemented on January 1, faces criticism in a European Parliament report, alleging that it prompts cargo ships to relocate to non-EU ports with lower emission costs.
  • Approved with 584 votes in favor, the report raises concerns about potential delocalization of container transshipment activities.
  • Maltese MEP Josianne Cutajar notes that ships are moving to North African ports to evade the new ETS emissions tax.
  • The report emphasizes the significance of fair solutions for island nations and calls for a European port strategy to ensure fair competition.

 

Cargo shipping dynamics in the European Union are undergoing shifts following the implementation of the EU Emissions Trading System (ETS) tax on January 1. While the European Commission contends that the ETS helps reduce emissions and finances green initiatives, a European Parliament report suggests a concerning trend. The report, approved with 584 votes in favor, warns about the risks of container transshipment activities relocating to non-EU ports to avoid ETS requirements. Specifically, Malta has witnessed ships redirecting to North African ports to sidestep the new emissions tax. Maltese MEP Josianne Cutajar emphasizes the need for a fair and effective solution and highlights the critical role of ports for islands. This development comes amid industry concerns and price increases by logistics companies like Express Trailers. The report also advocates for a European port strategy, fair competition, and cautions against foreign state-owned investments, mentioning China explicitly.

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Source: Times of Malta

2 COMMENTS

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