The fuel surcharge
The Fuel Surcharge is based on the situation in February 2020. More on the Fuel Surcharge further down this page. The index development in the table below.
ETS - Emission Trading System
The Finnish government proposal suggests the adoption of a new law on emissions trading. The directive will come into force on January 1, 2024, more about this further down this page. Index development in the table below.
The additions are always determined on the first and 15th day of the month.
| Start date | FS + ETS | Fuel surcharge | ETS (Emissions Trading System) |
|---|---|---|---|
| 15.4.2024 | 8,9% | 8,1% | 0,8% |
| 1.4.2024 | 10,1% | 9,3% | 0,8% |
| 15.3.2024 | 10,2% | 9,4% | 0,8% |
| 1.3.2024 | 11,8% | 11,0% | 0,8% |
| 15.2.2024 | 11,3% | 10,4% | 0,9% |
| 1.2.2024 | 10,2% | 9,3% | 0,9% |
| 15.1.2024 | 9,6% | 8,7% | 0,9% |
| 1.1.2024 | 11,7% | 10,8% | 0,9% |
| 15.12.2023 | 11,4% | 1,0% | |
| 1.12.2023 | 11,1% | 1,0% |
Method of calculation of the fuel surcharge
The data from Statistics Finland are available with a delay of several weeks, which causes a delay in the fuel surcharge compared to the actual fuel prices.
A fuel surcharge is now introduced that is updated twice a month.
We calculate the fuel index based on fuel company data.
- The fuel supplement for the first half of the month is valid from the 1st to the 14th of the month. It is based on prices from the end of the previous month and is notified on the last day of the previous month.
- The fuel surcharge for the last half of the month applies from the 15th to the last day of the month. It is based on prices for the first half of the month and is notified on the 14th of each month.
Law on emissions trading
The Finnish Government Proposal suggests the adoption of a new Act on Emissions Trading. The proposed Act would implement the amended Emissions Trading Directive as regards emissions trading for maritime transport as of 1 January 2024. Emissions trading is the EU's most important policy measure at Union level aimed at achieving emission reduction targets.
The changes to the EU Emissions Trading System are essentially directly applicable legislation in the Member States and thus enter into force as such.
The Emissions Trading Act therefore only involves individual choices that are part of national decision-making, such as the use of the island exemption.
In accordance with the Finnish Government Program, the proposal suggests introducing a temporary island exception, which would make passenger ships exempted to have the obligation to return emission rights for trips between the Åland Island and the Finnish mainland before 2031.
Maritime transport will be included in the EU Emissions Trading Scheme in stages: next year (2024), 40% of emissions will be acquired, the following year 70%, and by 2026 all emissions will be acquired. In practice, shipping companies will be responsible for acquiring emissions allowances.
In addition to emissions trading, EU maritime transport is obliged to use renewable and low-emission fuels. From 2025, the greenhouse gas intensity of marine fuel must be reduced by 2% compared to 2020. From then on, the percentage is tightened every five years, with a target of a 75% reduction by 2050.
Around the Baltic Sea, one must prepare for a significant increase in costs. According to the estimate of the Ministry of Transport and Communications, the annual additional cost of maritime transport in 2026 would be approximately EUR 500-700 million, taking into account the effects of both emissions trading and marine fuels.
Climate action in shipping is part of the EU's "Fit for 55" legislative package, with which the EU is aiming for 55% emission reductions by 2030. Most of the new legislation is already in national implementation in the Member States. In Finland, the new law on emissions trading is currently under discussion in Parliament.
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