Singapore, 18th March 2024 – Ocean Network Express (ONE) is pleased to announce its inaugural European Union Allowances (EUA) transaction with BNP Paribas. Commencing January 1st, 2024, under the regulations of the EU Emissions Trading System (ETS), the maritime transport industry has been included and shipping companies are mandated to monitor, report, and verify their greenhouse gas (GHG) emissions annually and this data will be utilized to determine the EUA that they need to surrender within a compliance period. Non-compliance with these regulations will result in penalties and denial of entry to EU/EEA member states. (....)