The opportunity to reduce your FuelEU costs is right now. Waiting could be the most expensive strategy of all. FuelEU adds new costs and complexity, but also a chance to gain a competitive edge. With the right fuel choices and compliance strategy, ship owners can cut costs, avoid penalties, and generate surplus value. The window to act is open, and the best time to act is now.
The full storyThe FuelEU maritime regulation is one of the European union's measures to decarbonise the shipping industry. It sets greenhouse gas intensity limits to ships trading in the EU from 2025, gradually decreasing the intensity over time, by 2% in 2025 to 80% in 2050. Here is a quick guide to the FuelEU maritime, from a commercial shipping perspective.
For charterers and traders, access to the right insights at the right time might halve emissions from single voyages. On a TC2 voyage 1 300 tonnes of CO2 and its related carbon cost could be avoided by making one single data-based decision. A partnership between London Stock Exchange Group and Siglar Carbon provides actionable emissions data to trading desks, where great carbon and cost reduction potential can be unleashed.
In their 80th session, IMO’s Marine Environment Protection Committee agreed to reach net-zero GHG emissions from international shipping ‘by or around’ 2050 and that the mid-term GHG reduction measures, including a maritime GHG emissions pricing mechanism should be finalised and adopted by 2025. Let’s take a closer look at the key outcomes of the meeting.
