CONTAINER shipping in 2024 will undergo major changes as the laws governing the industry are transformed in the first four months of the year, reports Greece's Container News
This includes the end of consortia and the introduction of carbon mitigation measures, both of which could cause uncertainty for carriers and shippers alike.
The European Commission (EC) has announced that container shipping's much-contested Consortia Block Exemption Regulation (CBER) will not be renewed after it expires on April 25, 2024. While its much-trailed European Union Emissions Trading System (EU ETS) will apply to shipping from January, with some carriers already estimating the surcharges to be added to shipper consignments.
Shippers have been battling against the carbon tax for some years, raising concerns about the level of collaboration that the exemption afforded to lines, which came to a head during the pandemic, which saw carriers manage capacity, maintaining high rates in an already congested market.
Even so, the EC renewed the tax in 2020, for a four-year period, one year less than usual, and began a review of the rule in 2022.
Delays into making a decision on the renewal for 2024 have had shipper representatives on edge, but finally last week the EC said that the CBER had had a "low or limited effectiveness during the 2020-23 period.
In a carrier response. World Shipping Council CEO John Butler said that the EU's recognition of the benefits of vessel sharing agreements.
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