In the UK, Argus has launched the first FuelEU Maritime pooling spot price and bio-LNG abatement prices, bringing transparency to this rapidly growing compliance market. The new market has been developed by market participants to meet obligations under the FuelEU Maritime regulation, which is in its second compliance year and requires ships of above 5,000 […]
In Sweden, FuelEU Maritime regulation opens new pathways for the shipping industry to dramatically cut greenhouse gas emissions. The Swedish tanker shipping company Furetank is now taking the lead, reducing its own emissions to a fraction through biogas operations and launching a subsidiary that will help more shipping companies trade emission reductions transferable within the […]
In the UK, Baltic Exchange reported that it has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs. Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all […]
In Norway, United European Car Carriers announced that it will not impose surcharges on customers, thanks to its early adoption of low-carbon biofuels and liquefied biomethane, avoiding penalties under the new FuelEU Maritime (FEUM) regulations. “UECC will change absolutely nothing about its pricing structure in relation to FEUM,” said Daniel Gent, UECC’s Energy & Sustainability […]
In the UK, Lloyd’s Register reports for Norway and Iceland, the implementation of the FuelEU Maritime regulation has been delayed. These two European Economic Area members, which are not part of the European Union, will not incorporate the regulation into their agreements by January 1, according to Lloyd’s Register’s latest update. For now, Norway and […]
In the United Kingdom, The Loadstar reports on 1 January 2025, the FuelEU Maritime regulation will come into effect, imposing strict greenhouse gas intensity targets on ship energy use, with requirements tightening every five years. Companies must comply by 30 April 2026, when the GHG data from 2025 will be reviewed. Jacob Clausen, director of […]
