Effective January 1st, 2024, the maritime transportation industry was incorporated into the European Union Emission Trading System (EU ETS), please consult our notice dated October 30, 2023 for further details. Ocean Network Express (ONE) implemented an EU ETS surcharge starting from January 1st, 2024 until further notice. The EU ETS Surcharge rate is subject to quarterly assessments, and any modifications will be notified in advance. This will be applicable to both existing and new contracts that have started on or after January 1st, 2024. The following details ONE’s Surcharge Tariff & Calculation Logic, EU ETS Latest developments, which is scheduled to be implemented starting January 1st, 2024. (....)