Worldscale Adopts ICE's Benchmark EUA Carbon Pricing for its Tanker Freight Rates
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Worldscale Association Ltd has selected Intercontinental Exchange's (ICE) European Carbon Allowance (EUA) futures settlement price as the benchmark for calculating tanker freight rates in 2025. ICE's EUA market is the most liquid carbon market globally.
November 26, 2024 | 1:45 pm
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Worldscale Association Ltd has adopted ICE's EUA futures settlement price as the benchmark for tanker freight rates in 2025, reinforcing ICE's position in the carbon market.
The adoption of ICE's EUA futures by Worldscale as a benchmark for freight rates highlights ICE's strong position in the carbon market. This decision is likely to enhance ICE's reputation and could lead to increased trading volume and interest in its carbon products, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90