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 Maritime Regulations and Shipping News

With the adoption of the IMO Net-Zero Framework delayed and political consensus uncertain, regulatory fragmentation becomes a real risk. Regulatory pressure will and in fact is already reappearing elsewhere. The EU has already moved ahead with EU ETS and FuelEU Maritime. The UK is extending its own emissions trading scheme to shipping. African countries have or are implementing national carbon tax schemes.

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

FuelEU Maritime compliance brings new commercial challenges. While the regulation defines penalties and created a surplus trading market,...

BetterSea Calculator Cited for Delivering Cost-Efficient FuelEU Strategy As enforcement of the FuelEU Maritime regulation nears, Lloyd’s...