The shipping giants – Maersk, MSC, CMA-CGM and Hapag-Lloyd – are benefiting greatly from the EU Emissions Trading System (‘ETS’), according to a new study by the NGO network Transport & Environment (T&E), which was published on Tuesday 26 March.
As well as passing on the ‘ETS’ costs (see EUROPE B13233A8, B13344A2) to their customers in the form of surcharges, these companies have made significant windfall profits by setting these surcharges higher than the actual costs...