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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 FuelEU Maritime kicked in on January 1st this year, adding a whole new layer of complexity and costs for ship owners and operators trading in Europe. This is what FuelEU means for your business and how you should adapt commercially.
FuelEU sets GHG intensity limits for energy used onboard ships trading in the EU. From 2025, ships must reduce their GHG intensity by 2% compared to the 2020 reference period, with stricter targets in the years ahead.
The scope mirrors the EU ETS: any voyage starting or ending at an EU/EEA port, including emissions during cargo operations. While Norway and Iceland are part of EU ETS, they are not yet included in Fuel EU Maritime.
If a vessel exceeds its allowed GHG emissions, penalties apply. These are pegged to the energy used (converted to VLSFO equivalents) at a rate of €2,400 per metric ton. Not exactly simple, but that’s the rulebook.
There are multiple ways to comply, but doing nothing in the coming months is the costliest. Right now you can bunker biofuels or run dual-fuel ships in gas mode to secure compliance, reduce deficits, or even create a valuable surplus. Today, we see this strategy at a cost of roughly USD 250 per tonne CO₂e. That's less than half of the penalty cost of the HFO and MGO alternatives.
The best opportunity to comply may be right now. The question is: how do you find the optimal strategy for your fleet?
Running on bio-blends or alternative fuels can deliver significant compliance benefits but comes at a cost. The Siglar Carbon Estimator provides instant insight on the voyage you are working, allowing you to calculate your optimal FuelEU strategy.
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Are you better off:
If generating a compliance balance surplus, should you:
Once the voyage is fixed, Siglar ensures accurate data collection and proper documentation for you to fully benefit from running your ships on bio blends or in gas mode. Without valid reporting, you risk paying for expensive fuels without gaining the compliance value. With proper reporting, you secure timely documentation and the ability to pass costs on to your counterpart.
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Stay on top of compliance balances for each ship and across your fleet with our FuelEU Manager. Always know your current FuelEU exposure — whether by vessel, pool, segment, technical manager, or charterer.
The FuelEU Manager produces FuelEU statements on a period or voyage basis, supporting you to pass on the costs to your counterpart, with the documentation needed.
For your annual verifier’s stamp, Siglar will submit validated reports directly to your annual verifier.
The opportunity to reduce your FuelEU exposure is right now. Waiting could be the most expensive strategy of all. With Siglar’s insights, you can see exactly which choices cut costs and secure compliance — before penalties hit. The sooner you start, the greater your advantage.
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 FuelEU Maritime kicked in on January 1st this year, adding a whole new layer of complexity and costs for ship owners and operators trading in Europe. This is what FuelEU means for your business and how you should adapt commercially.
FuelEU sets GHG intensity limits for energy used onboard ships trading in the EU. From 2025, ships must reduce their GHG intensity by 2% compared to the 2020 reference period, with stricter targets in the years ahead.
The scope mirrors the EU ETS: any voyage starting or ending at an EU/EEA port, including emissions during cargo operations. While Norway and Iceland are part of EU ETS, they are not yet included in Fuel EU Maritime.
If a vessel exceeds its allowed GHG emissions, penalties apply. These are pegged to the energy used (converted to VLSFO equivalents) at a rate of €2,400 per metric ton. Not exactly simple, but that’s the rulebook.
There are multiple ways to comply, but doing nothing in the coming months is the costliest. Right now you can bunker biofuels or run dual-fuel ships in gas mode to secure compliance, reduce deficits, or even create a valuable surplus. Today, we see this strategy at a cost of roughly USD 250 per tonne CO₂e. That's less than half of the penalty cost of the HFO and MGO alternatives.
The best opportunity to comply may be right now. The question is: how do you find the optimal strategy for your fleet?
Running on bio-blends or alternative fuels can deliver significant compliance benefits but comes at a cost. The Siglar Carbon Estimator provides instant insight on the voyage you are working, allowing you to calculate your optimal FuelEU strategy.
Are you better off:
If generating a compliance balance surplus, should you:
Once the voyage is fixed, Siglar ensures accurate data collection and proper documentation for you to fully benefit from running your ships on bio blends or in gas mode. Without valid reporting, you risk paying for expensive fuels without gaining the compliance value. With proper reporting, you secure timely documentation and the ability to pass costs on to your counterpart.
Stay on top of compliance balances for each ship and across your fleet with our FuelEU Manager. Always know your current FuelEU exposure — whether by vessel, pool, segment, technical manager, or charterer.
The FuelEU Manager produces FuelEU statements on a period or voyage basis, supporting you to pass on the costs to your counterpart, with the documentation needed.
For your annual verifier’s stamp, Siglar will submit validated reports directly to your annual verifier.
The opportunity to reduce your FuelEU exposure is right now. Waiting could be the most expensive strategy of all. With Siglar’s insights, you can see exactly which choices cut costs and secure compliance — before penalties hit. The sooner you start, the greater your advantage.
