Interferry is calling for an immediate freeze on the EU Emissions Trading System (ETS) for the ferry sector, advocating to maintain the current 70% emissions surrender obligation until 2025. CEO Mike Corrigan stresses that the maritime sector shouldn’t bear financial burdens until road transport is included and clear fund allocation regulations are established.
Azolla has launched an EUA Requisition Platform to streamline compliance with the EU Emissions Trading System. This platform provides live EUA pricing, enabling direct transactions for shipowners and charterers. By simplifying onboarding and reducing KYC processes, it offers a rapid procurement pathway and democratizes access to the EUA market.
The UK ETS Authority is expanding the scheme to include maritime emissions and non-pipeline transport for carbon capture. The goal is to incentivize businesses to reduce emissions and invest in clean technologies. Changes to free allocation rules and recognition of carbon capture’s importance in achieving net-zero targets are planned.
The Methanol Institute’s white paper suggests that EU regulations like FuelEU Maritime and EU Emissions Trading System could boost bio- and e-methanol’s competitiveness against fossil fuels in the maritime industry. With penalties for fossil fuel use, these frameworks could drive the shift towards sustainable methanol, aiding the industry’s goal of net-zero emissions by 2050.
Damen Shipyards Group introduces the Damen D16 engine, now EU stage V certified, in partnership with Volvo Penta. This sustainable solution reduces emissions and enhances power efficiency, meeting stringent regulations for a cleaner maritime industry. With the ability to run on HVO, the D16 offers even greater CO2 reductions, making it a versatile and environmentally conscious choice for vessel owners.
Germany’s Schulte Group has launched Ocean Opt to provide emissions management solutions for the maritime industry. With regulations like the IMO’s CII and EEXI coming into play, the industry faces financial implications. Ocean Opt offers services for fleet optimization, emission trading, and regulatory compliance, aiming to empower clients to navigate decarbonization effectively. This move aligns with Schulte Group’s commitment to sustainability and innovation.
The EU Emissions Trading System now includes maritime transport emissions to drive sustainability. Accurate fuel consumption monitoring is crucial for cost savings and emission reduction. Aquametro’s advanced onboard monitoring systems like flowmeters and FPS can track fuel consumption, identify inefficiencies, and optimize performance for a greener maritime sector.
From January 1, 2024, the maritime transport industry falls under the EU ETS regulations. ONE has enhanced its systems to monitor CO2 emissions, obtained EUAs from BNP Paribas, and plans to help shipowners meet their surrender obligations by September 30, 2025. BNP Paribas Singapore commends ONE for its proactive approach to compliance.
ClassNK has released new features for its GHG Emissions Management Tool, “ClassNK ZETA (Zero Emission Transition Accelerator)”. The tool visualizes GHG emissions and CII ratings of ships, with new features for EU-ETS Management and BIMCO CII Clause Vessel Monitoring. ClassNK plans to add functions for preparation for the FuelEU Maritime regulation.
