Shipowners urged to act now to benefit from vessel pooling

CarbonLeap is an independent organization for managing monetized carbon reductions in global transportation. It has advised shipowners to take immediate action to leverage the cost-saving benefits of vessel pooling. The company opines that it is necessary for meeting FuelEU Maritime compliance targets. Further procrastination of the decision to join a pool until early 2026 could

Technological developments key to reducing maritime sector emissions, finds new DNV report

Reaching shipping’s 2030 decarbonization goal of 20% emission reductions, set by the International Maritime Organization (IMO), will not happen without significant energy savings, according to DNV’s latest Maritime Forecast to 2050. The report stresses that, until carbon-neutral fuels become viable, prioritizing the development and use of technologies that reduce energy consumption is crucial for lowering

FuelEU Pooling could accelerate biofuel adoption

The FuelEU pooling mechanism introduces a new economic incentive to accelerate adoption of biofuels, according to OceanScore. The company has identified tangible savings on the cost of compliance with FuelEU Maritime that can be made through burning biofuels to generate surpluses for vessel pooling. This enables companies to capture financial gains from overcompliance with carbon

Vessel pooling helps avoid FuelEU Maritime penalties

The FuelEU Maritime regulation entering into force in 2025 aims to reduce greenhouse gas emissions by promoting the use of renewable and low-carbon fuels by ships. Pooling is one way to avoid or minimise non-compliance penalties. But what is pooling, how does it work and how can it help you avoid or minimise the cost

zero44 launches new tool for FuelEU Maritime regulation costs

CO2 management specialist zero44 has released a new tool that will help shipping companies understand the financial impact of the planned FuelEU Maritime regulation. Most shipping companies are currently working on becoming EU ETS compliant, but the FuelEU Maritime legislation which should further decarbonise shipping is already around the corner. Aimed at kick-starting the large-scale

Renewable ethanol producers challenge EU’s FuelEU regulation

Renewable ethanol producers in Europe have taken legal action against the European Union’s FuelEU Maritime regulation, asserting that it fails to acknowledge the merits of sustainable first-generation crop-based biofuels. The European renewable ethanol producers’ group, ePURE, released a statement on January 31, contending that the FuelEU Maritime regulation violates EU procedures and fails to recognize

EU Council adopts new legislation for maritime transport

The main objective of the FuelEU maritime initiative, as a key part of the EU’s Fit for 55 package, is to increase the demand for and consistent use of renewable and low-carbon fuels and reduce the greenhouse gas emissions from the shipping sector, while ensuring the smooth operation of maritime traffic and avoiding distortions in the internal market.

Wärtsilä to carry out methanol conversions

During the conversion projects, which are scheduled to take place in 2025, engineers will modify the fuel supply system and engines, including adding automation for the engine control room. The new installations will be integrated with the ships’ existing systems