ThorSvecon Group AB (TSG) - Experts & Thought Leaders

The EU’s Emission Trading System, EU ETS, is a policy instrument for reducing greenhouse gas emissions. The system is based on the fact that companies that emit greenhouse gases must hold emission rights to cover their emissions. Emission rights are a limited resource that is sold on a market. Companies covered by the EU ETS must report their emissions to the authorities. Emission rights are an important part of the EU’s climate policy and the system has contributed to reducing greenhouse gas emissions within the EU by around 40% since 2005. The EU ETS covers all member states, as well as Norway, Iceland and Liechtenstein. From 2024, the shipping industry is also covered. Reducing greenhouse gas emissions From 2027, there is a principle decision that ships with a gross tonnage under 5,000 gross tons will be covered by the EU ETS. Until 2027 vessels below 5000 brutto ton is excluded from the EU ETS. Other industries that are also covered by emission rights are: Power production Industrial production Flight Cement production Iron and steel production Aluminum production Chemical industry Cogeneration

In November the shipping company SUN Line Shipping introduced a brand new Rotterdam ˗ Stockholm ˗ Hull container service route. This means that Stockholm Norvik Port now has two new destination connections, further strengthening the port’s status as an important logistics hub in the Greater Stockholm area. The new Rotterdam ˗ Stockholm ˗ Hull container service route was inaugurated on 11th November. Shipping company SUN Line Shipping, a subsidiary of ThorSvecon Group AB (TSG AB), has increased its fleet and has introduced the container ship Perseus on the route. The vessel has a 660 TEU cargo capacity and will sail to and from Stockholm Norvik Port one day each week. Important logistics hub “We have seen a continuous increase in demand from freight owners wanting to transport goods between Sweden, the Netherlands, and England, and now the time is right. Operating from Sweden’s newest port, Stockholm Norvik, feels like a natural step and is completely aligned with our goal of strengthening our position in east coast shipping,” explains Eric Hjalmarsson, CEO of TSG AB. Rotterdam and Hull are two brand new destinations that can now be reached from Stockholm Norvik Port, consolidating the port’s position as an important logistics hub in the Greater Stockholm area. Biggest terminal operator Hutchison Ports is the biggest terminal operator in the world, with 53 ports in 27 countries “It’s a pleasure that yet another customer has chosen to commit to Sweden’s most modern port. Stockholm Norvik offers an unbeatable location with its close proximity to 50 percent of Sweden’s total consumption. Stockholm Norvik is now developing into the logistics hub it was planned to be,” says Johan Wallén, Chief Commercial Officer at Ports of Stockholm. The container terminal at Stockholm Norvik Port is run by Hutchison Ports Stockholm. Hutchison Ports is the biggest terminal operator in the world, with 53 ports in 27 countries. Efficient transport links “The increased connectivity to and from Stockholm Norvik gives our customers more alternatives to choose from and even greater flexibility. We are very pleased that SUN Line Shipping sees the advantages of introducing a new service that gives their existing customers and new customers the possibility to connect directly to the Greater Stockholm area,” states Lawrence Yam, CEO of Hutchison Ports Stockholm AB. Stockholm Norvik Port is a new RoRo and container port with the best possible location in the Baltic Sea. Short approach lanes and efficient transport links provide direct access to one of the most rapidly growing regions in Europe.

As of 8 November 2022, TSG AB is expanding its fleet with an additional vessel on the Baltic and North Sea. The vessel will be deployed on the Stockholm/Norvik – Hull - Rotterdam route. TSG AB's subsidiary SUN Line is investing in strengthening its service and is adding a vessel to the Stockholm/Norvik-Hull-Rotterdam route from 8 November 2022. Demand from freight buyers TSG already has the vessels Alrek, Frej and Odin calling at Västerås – Amsterdam - Hull The company has seen a continuous increase in demand from freight buyers who want to transport goods by sea between Sweden, the Netherlands and England. An additional vessel means higher container capacity, increased flexibility and faster lead times. TSG already has the vessels Alrek, Frej and Odin calling at Västerås – Amsterdam - Hull. "We have seen the need for a fourth vessel for some time and now that time has come. Starting from Sweden's newest port, Stockholm/Norvik, feels like a natural step and completely in line with our goal to strengthen our position in east coast shipping," says Eric Hjalmarsson, CEO of TSG AB. Connectivity to new services “The extended connectivity from Stockholm/Norvik to Rotterdam is going to provide our customer more options and even more flexible and faster transit to the major hub port in Europe." "A direct linkage to Rotterdam would enable connectivity to new services and to different parts of the World. We are very happy to see that SUN Line is seeing the benefits of starting up a new service that will give their customers the fastest transit to the Greater Stockholm Area”, says Lawrence Yam, CEO of Hutchison Ports Stockholm AB.