Maersk has reviewed Emissions surcharge (EMS/ESS) for Q1 2026, and the tariffs will be effective 01 January 2026. The Emissions surcharge tariffs have been calculated using the average price of European Union Allowance (EUA) from EUA Daily Future (ice.com). The details on the period used for the calculation can be found in the table below:

Reference period - Details referred for deriving Average EUA Price for Q1 2026 Emissions surcharge calculations

From Date | From Month To Date | To Month Effective Date Type of EUA Average EUA Price (In EUR)
From Date | From Month
16| August’25
To Date | To Month
15| November’25
Effective Date
01-January26
Type of EUA
Daily Futures (Symbol code: ECP)
Average EUA Price (In EUR)
76,75

Increase in Emissions Surcharge in 2026

The Emissions Surcharge will increase substantially compared to 2025, impacting all shipments to and from EU/EEA countries.

The increase is driven by higher compliance costs under two key regulations: the EU Emissions Trading System (EU ETS) and the FuelEU Maritime Regulation (Fuel EU). From 2026, the EU ETS will require shipping lines to account for 100% of emissions, up from 70% in 2025, as part of its phased rollout. The scope will also expand to include methane and nitrous oxide, and allowance prices under the EU ETS are expected to rise. Meanwhile, FuelEU compliance costs are increasing due to biofuel price trends—rising biofuel costs combined with declining fossil fuel prices make low-emission compliance more expensive. Together, these factors contribute to the higher Emissions Surcharge.

Future Outlook

The cost of complying with regulatory requirements is expected to keep rising with increasing allowance prices year on year and other potential regulations from various jurisdictions in the coming years. By choosing Maersk ECO Delivery Ocean product, customers can mitigate these costs while benefiting from emissions savings. It utilises lower greenhouse gas (GHG) emissions fuels* to significantly reduce greenhouse gas emissions by up to 80% compared to fossil reference fuels, thereby lowering your value chain GHG footprint. Click here to know more.

Note:

  • Emission surcharge (EMS/ESS) has been implemented to cover the costs associated with complying with the EU ETS and Fuel EU Maritime regulations.
  • ESS is applied to bookings on SPOT and contracts with a validity of up to 31 days. EMS is applied to bookings with a validity greater than 31 days.
  • For all bookings from China (Hongkong/Taiwan not included), we will add the emissions surcharge to the base freight rate for regulatory reasons. Base freight rate will be adjusted quarterly (increase/decrease) to reflect quarterly updated Emissions surcharge
  • Emissions surcharge will be applied to all bookings with Load Port and/or Discharge Port country part of EU/EEA.

Should you have any further questions, please contact your local Sales representative. Our teams are always available to support should you need assistance.

EMS / ESS tariff values applicable from 01 January to 31 March 2026 (Q1 2026)

Trade 20DRY 40DRY 40HDRY / 45HDRY 20REEF 40REEF
Trade
West Coast South America/ Central America/Caribbean to Europe
20DRY
108 USD
40DRY
215 USD
40HDRY / 45HDRY
215 USD / 215 USD
20REEF
162 USD
40REEF
323 USD
Trade
West Coast South America/ Central America/Caribbean to Europe
20DRY
93 EUR
40DRY
184 EUR
40HDRY / 45HDRY
184 EUR / 184 EUR
20REEF
139 EUR
40REEF
277 EUR
Trade
Europe to West Coast South America/ Central America/Caribbean
20DRY
126 USD
40DRY
252 USD
40HDRY / 45HDRY
252 USD / 252 USD
20REEF
190 USD
40REEF
379 USD
Trade
Europe to West Coast South America/ Central America/Caribbean
20DRY
108 EUR
40DRY
216 EUR
40HDRY / 45HDRY
216 EUR / 216 EUR
20REEF
163 EUR
40REEF
325 EUR
Trade
North Europe to Far East Asia
20DRY
57 USD
40DRY
113 USD
40HDRY / 45HDRY
113 USD / 113 USD
20REEF
85 USD
40REEF
170 USD
Trade
North Europe to Far East Asia
20DRY
49 EUR
40DRY
97 EUR
40HDRY / 45HDRY
97 EUR / 97 EUR
20REEF
73 EUR
40REEF
146 EUR
Trade
Far East Asia to North Europe
20DRY
84 USD
40DRY
168 USD
40HDRY / 45HDRY
168 USD / 168 USD
20REEF
127 USD
40REEF
253 USD
Trade
Far East Asia to North Europe
20DRY
72 EUR
40DRY
144 EUR
40HDRY / 45HDRY
144 EUR / 144 EUR
20REEF
109 EUR
40REEF
217 EUR
Trade
Mediterranean to Far East Asia
20DRY
38 USD
40DRY
76 USD
40HDRY / 45HDRY
76 USD / 76 USD
20REEF
57 USD
40REEF
113 USD
Trade
Mediterranean to Far East Asia
20DRY
33 EUR
40DRY
65 EUR
40HDRY / 45HDRY
65 EUR / 65 EUR
20REEF
49 EUR
40REEF
97 EUR
Trade
Far East Asia to Mediterranean
20DRY
65 USD
40DRY
130 USD
40HDRY / 45HDRY
130 USD / 130 USD
20REEF
98 USD
40REEF
195 USD
Trade
Far East Asia to Mediterranean
20DRY
56 EUR
40DRY
112 EUR
40HDRY / 45HDRY
112 EUR / 112 EUR
20REEF
84 EUR
40REEF
167 EUR
Trade
North Europe to Middle East/Indian Subcontinent
20DRY
113 USD
40DRY
225 USD
40HDRY / 45HDRY
225 USD / 225 USD
20REEF
169 USD
40REEF
337 USD
Trade
North Europe to Middle East/Indian Subcontinent
20DRY
97 EUR
40DRY
193 EUR
40HDRY / 45HDRY
193 EUR / 193 EUR
20REEF
145 EUR
40REEF
289 EUR
Trade
Middle East/Indian Subcontinent. to North Europe
20DRY
87 USD
40DRY
173 USD
40HDRY / 45HDRY
173 USD / 173 USD
20REEF
130 USD
40REEF
260 USD
Trade
Middle East/Indian Subcontinent. to North Europe
20DRY
75 EUR
40DRY
148 EUR
40HDRY / 45HDRY
148 EUR / 148 EUR
20REEF
112 EUR
40REEF
223 EUR
Trade
Mediterranean to Middle East/Indian Subcontinent
20DRY
114 USD
40DRY
227 USD
40HDRY / 45HDRY
227 USD / 227 USD
20REEF
170 USD
40REEF
340 USD
Trade
Mediterranean to Middle East/Indian Subcontinent
20DRY
98 EUR
40DRY
195 EUR
40HDRY / 45HDRY
195 EUR / 195 EUR
20REEF
146 EUR
40REEF
292 EUR
Trade
Middle East/Indian Subcontinent to Mediterranean
20DRY
75 USD
40DRY
149 USD
40HDRY / 45HDRY
149 USD / 149 USD
20REEF
112 USD
40REEF
223 USD
Trade
Middle East/Indian Subcontinent to Mediterranean
20DRY
64 EUR
40DRY
128 EUR
40HDRY / 45HDRY
128 EUR / 128 EUR
20REEF
96 EUR
40REEF
191 EUR
Trade 20DRY 40DRY 40HDRY / 45HDRY 20REEF 40REEF
Trade
Intra Mediterranean
20DRY
28 USD
40DRY
56 USD
40HDRY / 45HDRY
56 USD / 56 USD
20REEF
43 USD
40REEF
85 USD
Trade
Intra Mediterranean
20DRY
24 EUR
40DRY
48 EUR
40HDRY / 45HDRY
48 EUR / 48 EUR
20REEF
37 EUR
40REEF
73 EUR
Trade
Mediterranean to North Europe
20DRY
46 USD
40DRY
92 USD
40HDRY / 45HDRY
92 USD / 92 USD
20REEF
69 USD
40REEF
138 USD
Trade
Mediterranean to North Europe
20DRY
39 EUR
40DRY
79 EUR
40HDRY / 45HDRY
79 EUR / 79 EUR
20REEF
59 EUR
40REEF
118 EUR
Trade
North Europe to Mediterranean
20DRY
49 USD
40DRY
97 USD
40HDRY / 45HDRY
97 USD / 97 USD
20REEF
72 USD
40REEF
144 USD
Trade
North Europe to Mediterranean
20DRY
42 EUR
40DRY
83 EUR
40HDRY / 45HDRY
83 EUR / 83 EUR
20REEF
62 EUR
40REEF
124 EUR
Trade
Intra North Europe
20DRY
16 USD
40DRY
31 USD
40HDRY / 45HDRY
31 USD / 31 USD
20REEF
24 USD
40REEF
47 USD
Trade
Intra North Europe
20DRY
14 EUR
40DRY
27 EUR
40HDRY / 45HDRY
27 EUR / 27 EUR
20REEF
21 EUR
40REEF
40 EUR
Trade
North America to Mediterranean
20DRY
70 USD
40DRY
139 USD
40HDRY / 45HDRY
139 USD / 139 USD
20REEF
104 USD
40REEF
208 USD
Trade
North America to Mediterranean
20DRY
60 EUR
40DRY
119 EUR
40HDRY / 45HDRY
119 EUR / 119 EUR
20REEF
89 EUR
40REEF
178 EUR
Trade
Mediterranean to North America
20DRY
118 USD
40DRY
236 USD
40HDRY / 45HDRY
236 USD / 236 USD
20REEF
177 USD
40REEF
354 USD
Trade
Mediterranean to North America
20DRY
101 EUR
40DRY
202 EUR
40HDRY / 45HDRY
202 EUR / 202 EUR
20REEF
152 EUR
40REEF
304 EUR
Trade
Oceania to Europe, Middle East & Africa
20DRY
32 USD
40DRY
63 USD
40HDRY / 45HDRY
63 USD / 63 USD
20REEF
48 USD
40REEF
95 USD
Trade
Oceania to Europe, Middle East & Africa
20DRY
27 EUR
40DRY
54 EUR
40HDRY / 45HDRY
54 EUR / 54 EUR
20REEF
41 EUR
40REEF
82 EUR
Trade
Europe, Middle east & Africa to Oceania
20DRY
56 USD
40DRY
111 USD
40HDRY / 45HDRY
111 USD / 111 USD
20REEF
84 USD
40REEF
167 USD
Trade
Europe, Middle east & Africa to Oceania
20DRY
48 EUR
40DRY
95 EUR
40HDRY / 45HDRY
95 EUR / 95 EUR
20REEF
72 EUR
40REEF
143 EUR
Trade
South Africa to Europe
20DRY
112 USD
40DRY
224 USD
40HDRY / 45HDRY
224 USD / 224 USD
20REEF
168 USD
40REEF
336 USD
Trade
South Africa to Europe
20DRY
96 EUR
40DRY
192 EUR
40HDRY / 45HDRY
192 EUR / 192 EUR
20REEF
144 EUR
40REEF
288 EUR
Trade
Europe to South Africa
20DRY
86 USD
40DRY
172 USD
40HDRY / 45HDRY
172 USD / 172 USD
20REEF
129 USD
40REEF
258 USD
Trade
Europe to South Africa
20DRY
74 EUR
40DRY
148 EUR
40HDRY / 45HDRY
148 EUR / 148 EUR
20REEF
111 EUR
40REEF
221 EUR
Trade 20DRY 40DRY 40HDRY / 45HDRY 20REEF 40REEF
Trade
Canada to North Europe
20DRY
46 USD
40DRY
91 USD
40HDRY / 45HDRY
91 USD / 91 USD
20REEF
68 USD
40REEF
136 USD
Trade
Canada to North Europe
20DRY
39 EUR
40DRY
78 EUR
40HDRY / 45HDRY
78 EUR / 78 EUR
20REEF
58 EUR
40REEF
117 EUR
Trade
North Europe to Canada
20DRY
71 USD
40DRY
142 USD
40HDRY / 45HDRY
142 USD / 142 USD
20REEF
107 USD
40REEF
214 USD
Trade
North Europe to Canada
20DRY
61 EUR
40DRY
122 EUR
40HDRY / 45HDRY
122 EUR / 122 EUR
20REEF
92 EUR
40REEF
184 EUR
Trade
USA to North Europe
20DRY
52 USD
40DRY
104 USD
40HDRY / 45HDRY
104 USD /104 USD
20REEF
79 USD
40REEF
157 USD
Trade
USA to North Europe
20DRY
45 EUR
40DRY
89 EUR
40HDRY / 45HDRY
89 EUR / 89 EUR
20REEF
68 EUR
40REEF
135 EUR
Trade
North Europe to USA
20DRY
70 USD
40DRY
139 USD
40HDRY / 45HDRY
139 USD / 139 USD
20REEF
104 USD
40REEF
208 USD
Trade
North Europe to USA
20DRY
60 EUR
40DRY
119 EUR
40HDRY / 45HDRY
119 EUR /119 EUR
20REEF
89 EUR
40REEF
178 EUR
Trade
West Africa to Europe
20DRY
158 USD
40DRY
315 USD
40HDRY / 45HDRY
315 USD / 315 USD
20REEF
237 USD
40REEF
473 USD
Trade
West Africa to Europe
20DRY
136 EUR
40DRY
270 EUR
40HDRY / 45HDRY
270 EUR / 270 EUR
20REEF
203 EUR
40REEF
406 EUR
Trade
Europe to West Africa
20DRY
260 USD
40DRY
520 USD
40HDRY / 45HDRY
520 USD / 520 USD
20REEF
390 USD
40REEF
780 USD
Trade
Europe to West Africa
20DRY
223 EUR
40DRY
446 EUR
40HDRY / 45HDRY
446 EUR / 446 EUR
20REEF
335 EUR
40REEF
669 EUR
Trade
Europe to East Coast South America
20DRY
80 USD
40DRY
160 USD
40HDRY / 45HDRY
160 USD / 160 USD
20REEF
120 USD
40REEF
239 USD
Trade
Europe to East Coast South America
20DRY
69 EUR
40DRY
137 EUR
40HDRY / 45HDRY
137 EUR / 137 EUR
20REEF
103 EUR
40REEF
205 EUR
Trade
East Coast South America to Europe
20DRY
64 USD
40DRY
128 USD
40HDRY / 45HDRY
128 USD / 128 USD
20REEF
96 USD
40REEF
192 USD
Trade
East Coast South America to Europe
20DRY
55 EUR
40DRY
110 EUR
40HDRY / 45HDRY
110 EUR / 110 EUR
20REEF
82 EUR
40REEF
165 EUR
Trade
East Africa to Europe
20DRY
91 USD
40DRY
181 USD
40HDRY / 45HDRY
181 USD / 181 USD
20REEF
136 USD
40REEF
272 USD
Trade
East Africa to Europe
20DRY
78 EUR
40DRY
155 EUR
40HDRY / 45HDRY
155 EUR / 155 EUR
20REEF
117 EUR
40REEF
233 EUR
Trade
Europe to East Africa
20DRY
130 USD
40DRY
260 USD
40HDRY / 45HDRY
260 USD / 260 USD
20REEF
195 USD
40REEF
390 USD
Trade
Europe to East Africa
20DRY
112 EUR
40DRY
223 EUR
40HDRY / 45HDRY
223 EUR / 223 EUR
20REEF
167 EUR
40REEF
335 EUR
Trade
Europe to Indian Ocean Islands
20DRY
163 USD
40DRY
325 USD
40HDRY / 45HDRY
325 USD / 325 USD
20REEF
244 USD
40REEF
488 USD
Trade
Europe to Indian Ocean Islands
20DRY
140 EUR
40DRY
279 EUR
40HDRY / 45HDRY
279 EUR / 279 EUR
20REEF
209 EUR
40REEF
419 EUR
Trade
Indian Ocean Islands to Europe
20DRY
101 USD
40DRY
201 USD
40HDRY / 45HDRY
201 USD / 201 USD
20REEF
151 USD
40REEF
302 USD
Trade
Indian Ocean Islands to Europe
20DRY
87 EUR
40DRY
172 EUR
40HDRY / 45HDRY
172 EUR / 172 EUR
20REEF
130 EUR
40REEF
259 EUR
Rate of exchange:
1 EUR = 1.1657 USD, 1USD = 0.8579 EUR