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As the first FuelEU Maritime compliance cycle progresses, the surplus market has expanded rapidly. What began as a maritime compliance instrument has evolved into a traded commodity, and in doing so, it has attracted far more participants than the regulation or its creators appear to have anticipated. FuelEU pooling rights and who holds them The regulation assigns the compliance responsibility and as such the right to pool to the ISM company. However, contractual arrangements

Last week, the maritime sector was waiting for a turning point. At the extraordinary MEPC83 session, the International Maritime Organization (IMO) was expected to adopt the long-discussed Net Zero Framework (NZF). Instead, following a geopolitical standoff led by the United States and Saudi Arabia, the decision was deferred. The IMO will now revisit the NZF no earlier than October 2026, effectively pushing back the global decarbonisation timeline by at least one to two years.