FuelEU Maritime Set To Impose Requirements

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  • FuelEU Maritime, set to impose requirements on the well-to-wake GHG intensity of energy used for ships trading in the EU/EEA from January 1, 2025, presents significant challenges for the maritime industry.
  • The regulations mandate that the annual average GHG intensity of energy used on board ships needs to be below a defined level, measured as GHG emissions per energy unit (gCO2e/MJ).
  • The requirements encompass emissions from energy use on board as well as those from the extraction, cultivation, production, and transport of fuel.
  • Wind-assisted propulsion is also considered, and reductions are set as a percentage relative to a 2020 reference value.

Voyages and Scope

The GHG intensity requirements apply to voyages and port calls within and to/from the EU/EEA, with varying percentages of energy use covered depending on the type of voyage. Container ships stopping in transshipment ports outside the EU/EEA are also subject to these requirements.

Compliance Process

The responsible shipping company, which assumes operational responsibility for the ship, is tasked with compliance. Companies have the option to pool compliance across a fleet of ships and can bank or borrow compliance surplus based on their GHG intensity levels.

Penalties and Reporting

Ships failing to meet the GHG intensity requirements face penalties, while compliant ships can bank or borrow surplus emissions. Reporting and verification of energy use and emissions will be conducted through a separate scheme, with a monitoring plan required by August 31, 2024.

Preparation Steps

Shipowners are advised to prepare FuelEU Maritime Monitoring Plans, with support from accredited verifiers like DNV. Plans can be copied for other vessels in the fleet, and submission for verification will be possible after official EU documents are published.

Recommendations

Shipowners should review commercial contracts to address compliance management and compensation within the maritime value chain. DNV recommends early preparation and participation in informational webinars to ensure smooth compliance with FuelEU Maritime regulations.

As the deadline for compliance approaches, proactive measures and strategic planning are crucial for shipping companies to navigate the complexities of FuelEU Maritime regulations and maintain operational efficiency in the evolving maritime landscape.

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Source: DNV