- OceanScore launches FuelEU Planner for optimizing compliance with new regulations.
- The tool supports scenario modeling for cost-effective compliance and investment decisions.
- Industry interest is rising, with clients like MSC already adopting the solution
OceanScore has introduced a new planning, simulation, and budgeting tool called the FuelEU Planner. This web-based solution is designed to help shipping companies optimize compliance with the upcoming FuelEU Maritime regulation, focusing on commercial advantages. The tool was launched during a special event in Hamburg with over 150 clients and stakeholders, coinciding with the SMM conference.
High Interest and Need for Regulatory Compliance
The FuelEU Planner is the latest product in OceanScore’s suite, aimed at simplifying the complex decision-making involved in meeting regulatory demands. The launch follows the success of the company’s ETS Manager, which focuses on the EU Emissions Trading System (EU ETS).
FuelEU Planner: Features and Functionality
The FuelEU Planner allows shipping companies to model different scenarios, compare various strategies, and make informed decisions about GHG intensity, vessel optimization, and compliance management. It helps companies navigate fuel selection, low-carbon technology investments, and the management of compliance balances.
Challenges and Commercial Opportunities
OceanScore’s Managing Director, Albrecht Grell, highlighted the complexity introduced by FuelEU, stating, “FuelEU adds another layer of regulatory complexity for the industry beyond the EU ETS as it entails difficult choices for shipping companies related to fuel selection and low-carbon technology investments, as well as management of compliance balances.”
“FuelEU’s commercial impact also differs significantly from the EU ETS based on the decisions taken by the shipping company – all the way to actually creating additional revenue and cost-saving opportunities.”
Despite these challenges, the new regulation also presents opportunities for cost savings and revenue generation.
Impact of the FuelEU Regulation
The FuelEU Maritime regulation aims to reduce the well-to-wake GHG intensity of ships by 80% by 2050, with penalties for non-compliance reaching €2400 per tonne of VLSFOe. OceanScore forecasts that shipping will face penalties amounting to €1.345 billion in 2025, but the current rapid adoption of biofuels may help balance compliance.
Planning and Cost Optimization
FuelEU introduces concepts like banking, borrowing, and pooling of compliance surpluses or deficits, adding complexity but also opening doors to new revenue opportunities. The FuelEU Planner helps shipping companies navigate these changes efficiently.
Using the FuelEU Planner, companies can simulate different fuel and investment strategies to determine the best way to manage compliance balances and total costs. This tool supports budgeting, bunker procurement, and operational planning for 2025 and beyond.
Growing Industry Interest
OceanScore’s FuelEU Planner has already gained traction, with major shipping companies like MSC being among the first to adopt the tool. These companies are taking a proactive approach to the regulation, focusing on the potential benefits it can bring.
OceanScore is planning to expand its FuelEU suite with additional products, continuing to support the maritime industry’s efforts to comply with the upcoming FuelEU Maritime regulation and seize the commercial opportunities it provides.
“It’s important to not just see FuelEU as just another cost and administrative burden but to understand and proactively manage the resulting opportunities. Our planner is the most advanced solution to support the needed simulations as well as facilitating the necessary alignment between the different stakeholders in shipping,” Grell concludes.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: OceanScore
