Singapore to Piraeus EU ETS cost
- Emissions covered
- 50%
- Sea distance
- 5,676 nm
- Example cost, 2026
- €92,505
- HFO, 14 kn, 40 t/day
- EUA price
- €86.56
- 2026-10-08
50% of this voyage's emissions are in the EU Emissions Trading System: Piraeus (Greece) is an EU/EEA port, Singapore (Singapore) is not. Sea distance: 5,676 nm (estimate). The same applies in the other direction.
Example: EU ETS cost in 2026
A ship burning HFO (ISO 8217 RME–RMK) at 14 knots needs 16.9 days at sea for this voyage. Allowances at 86.56 €/t (2026-10-08); consumption figures are examples, not data for a particular ship. Time in port is not included.
| Consumption (t/day) | Fuel (t) | t CO₂e | In scope (50%) | EUA | Cost (€) |
|---|---|---|---|---|---|
| 20 | 338 | 1,069 | 534 | 534 | 46,252 |
| 40 | 676 | 2,137 | 1,069 | 1,069 | 92,505 |
| 60 | 1,014 | 3,206 | 1,603 | 1,603 | 138,757 |
| 80 | 1,351 | 4,275 | 2,137 | 2,137 | 185,009 |
Via the Suez Canal or via the Cape of Good Hope
Without the canal the voyage is 12,230 nm via the Cape of Good Hope: 6,554 nm and 19.5 days more at 14 knots, so more fuel and more allowances. Same ships and price as above; the canal transit fee is not included.
| Consumption (t/day) | EUA via Suez | EUA via Cape of Good Hope | Extra cost (€) |
|---|---|---|---|
| 20 | 534 | 1,151 | +53,407 |
| 40 | 1,069 | 2,303 | +106,814 |
| 60 | 1,603 | 3,454 | +160,221 |
| 80 | 2,137 | 4,605 | +213,628 |
How the EU ETS applies to this route
- Voyages between an EU/EEA port of call and a port outside the EU/EEA: 50% of emissions (Directive 2003/87/EC Art. 3ga).
- Emissions while at berth in Piraeus: 100%, whatever the voyage.
- Allowances to surrender: 40% of 2024 emissions, 70% of 2025 emissions, 100% from 2026 (Art. 3gb).
- From 2026, methane and nitrous oxide count as well as CO₂, converted to CO₂ equivalent.
- Applies to cargo and passenger ships of 5,000 GT and above.