ShippingWatch

SeaIntel: Here is how much a CO2 tax will cost the industry

A tax of USD 25 per ton of CO2 emitted from ships is one of the suggestions in the debate of how shipping activities affect the environment. SeaIntel has looked closer at the costs for the container industry, and its customers, should the tax be put into effect.

Photo: Hanjin

The shipping industry can possibly be looking at a future tax on its emission of CO2, a major issue in the run up to a climate summit in Paris in December.

In that connection, the OECD has suggested implementing a USD 25 payment per ton of CO2 emitted from any ship sailing the world’s oceans. That scenario could cost the container industry many billions, says analysis firm SeaIntel, which has scrutinized the combined costs for the industry, should the proposal be effectuated, in its weekly newsletter “SeaIntel Sunday Spotlight”.

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