The € question: Are you ready to surrender your first EU ETS allowances?
The countdown is on: By 30 September 2025, all shipowners with EU voyages must surrender their first batch of EU ETS allowances. But are you ready? Do you know what your carbon bill will be? Where to get allowances, and when? For many shipowners, the financial clock is ticking, yet the full cost remains off the radar.
The full storyDecarbonisation goals are often vague, with no concrete action plan nor plans to document the amount of emissions reduced. North Sea Container Line and carbon analytics company Siglar Carbon have signed an agreement that can make a change and provide the shipping industry with a best practise.
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In an effort to demystify the CII for our customers, Siglar developed the voyage CII. When comparing the estimated CII of a specific voyage to the estimated emissions of the same voyage, some unintended consequences of the CII rating become apparent. Here we present common voyage examples highlighting how a CII approach to chartering can increase carbon emissions and cost.
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The IMO 79th Marine Environment Protection Committee meeting took place this month and discussions around the reduction of GHG emissions from ships took centre stage.
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