Watch our experts
Below you will find a range of short videos where key experts discuss different factors in the shipping transition.
The EU is talking about ETS. Do you know why? Our certified trader, Petter Christian Bakke, has some key pointers about the Emissions Trading System.
Being ISCC certified means we are taking part of the maritime fuel transition. In this video, our specialist Ørjan Hauge explains how.
Before FuelEU Maritime is enforced, it's all about preparation. Our New Fuel Advisor, Frederik Moser, discusses the most important steps.
Navigating new fuels legislation
We understand the importance of staying ahead of the curve in a rapidly changing legislative environment. Here are the new fuels legislations that directly impact our industry, from regional regulations to global maritime directives.
Currently in progress
IMO & MEPC 80
The IMO’s Marine Environment Protection Committee (MEPC) revised its strategy to achieve net-zero greenhouse gas emissions by 2050. The most recent MEPC 80 session adopted guidelines on the life cycle GHG intensity of marine fuels (LCA guidelines). It approved amendments to the IMO ship fuel oil consumption Data Collection System (DCS). Interim biofuel guidelines were additionally approved, specifying criteria for sustainable biofuels to enhance a ship’s CII rating.
Carbon Intensity Indicator
CII is a measure of a vessel’s operational efficiency for CO2 emissions. It will apply to all cargo and passenger vessels over 5,000 GT. In March 2024, the first annual CII report will be submitted for the calendar year 2023. Vessels will be rated A (best) to E (worst), with stricter thresholds by 2030, requiring immediate improvement actions from vessels rated C to E.
The EU ETS regulates GHG emissions in the EU/EEA through cap-and-trade, restricting tradable EU Allowances (carbon credits). Starting Jan 1, 2024, the EU ETS will cover cargo/passenger vessels of 5000GRT or more, expanding to offshore vessels in 2027. The scope will cover CO2e from 2024, adding methane (CH4) and Nitrous Oxide (N2O) from 2026. In 2024, companies must monitor, report, and verify emissions, surrendering allowances by September 2025. The phase-in period will increase from 40% allowance in 2024, 70% in 2025 to 100% in 2026. ETS covers ships trading within EU/EEA ports or voyages that begin or end in EU/EEA. It applies to 100% emissions from EU/EEA port trades and 50% emissions from EU/non-EU port trades.
Starting from 1 January 2025, FuelEU Maritime will increase the use of renewable and low-carbon fuels within international shipping in the EU. GHG emission requirements will apply to 100% of energy used on voyages and port calls within the EU/EEA and 50% of energy used on voyages into or out of the EU/EEA.
EU ETS is here
Are you ready to monitor emissions?
Register for a meeting with our EU ETS trader here
or get in touch with our experts at email@example.com