Red Sea crisis triples EU carbon credit costs for container ships

The cost of liner companies’ European Union carbon credits will triple because of diversions around Africa, according to OceanScore.

Container lines to bear brunt of $7bn European emissions scheme cost

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The sustainability data platform estimates that a 14,000-teu container ship needs 5,200 carbon credits known as EU allowances for a voyage from Asia to Europe via the Cape of Good Hope.