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The latest on carbon and cost efficient shipping

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Beyond compliance: the commercial value of emissions data

Emissions data may be shipping’s most underutilised commercial asset. It is still treated as a compliance requirement, while its biggest value is commercial. Over the past decade, the shipping industry has invested enormous effort in collecting, verifying and reporting emissions data. But what if compliance is only the beginning?

From regional carbon costs to a global shipping bill

Scenario 1: Maritime compliance costs are no longer confined to regional regulation. Based on current policy timelines and market assumptions, the industry’s annual compliance bill could rise from around USD 2.7 billion in 2024 to more than USD 57 billion by 2032, with the IMO framework becoming the largest driver of future cost exposure.

Introducing the Siglar Carbon Scheme Navigator

The maritime emissions regulatory landscape is expanding fast. The Siglar Carbon Scheme Navigator puts the full picture in one place, expert-reviewed and free to use.

Emission Schemes

EU Emissions Trading System

The EU Emissions Trading System (EU ETS) is the European Union’s carbon pricing mechanism, and since 2024 it has included maritime transport. It places a cost on greenhouse gas emissions from ships by requiring companies to monitor emissions (under EU MRV) and surrender tradable emission allowances.

UK Emissions Trading System

The UK Emissions Trading Scheme (UK ETS) is the United Kingdom’s carbon pricing mechanism. It operates as a cap-and-trade system that places a cost on greenhouse gas emissions by requiring operators to surrender tradable emission allowances corresponding to their verified emissions.

Gabon Sovereign Carbon Initiative

The Governments of Djibouti and Gabon have introduced sovereign carbon registry frameworks that apply a carbon cost to qualifying ship movements to and from their ports.

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"We want to help sustainable shipowners achieve higher fleet utilization and improved return on their green investments. "

Geir Olafsen, CDO Siglar
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