FuelEU Maritime, part of the EU’s Fit for 55 package, aims to achieve carbon neutrality by 2050 by promoting renewable and low-carbon fuels (RLFs). By 2050, RLFs are expected to make up 86-88% of the maritime fuel mix, driving the EU’s climate goals and ensuring a smooth transition for operators and ports.
FuelEU Maritime:
Key Insights and Essential Information on FuelEU
- Effective Date: New EU regulation starts on January 1, 2025.
- Emission Scope:
- 100% of emissions for voyages between EU ports.
- 50% of emissions for voyages starting or ending in the EU.
- Fuel Requirements:
- Maximum GHG intensity: 89.34 gCO2/MJ (HFO: 91.6 gCO2/MJ).
- Fine of €2,400 per tonne of LSFO equivalent for exceeding the limit.
- Liability: Document of Compliance (DoC) holder responsible for fines.
- 2030 Requirement: All container and passenger vessels over 5,000 GT must use shore power while docked.
How to Comply with the FuelEU Maritime regulation ?
Borrowing:
- Compliance can be borrowed from future reporting years (up to two consecutive years) to meet current year requirements.
- This loan is accounted for in the following year and is beneficial for owners expecting to exceed compliance later.
Banking:
- Vessels that are over-compliant can bank surplus compliance for future reporting years.
- There is no expiration on banked surplus, making it useful when compliance thresholds lower in later years.
Pooling:
- Compliance can be pooled across a fleet, allowing compliant vessels to offset non-compliant ones.
-Vessels can market space within these pools.
Bio or e-Fuels:
- HFO vessels can switch to biofuels in EU waters.
- LNG vessels can use biogas or retrofit with dual fuel systems to lower emissions.
- Long-term, vessels may switch to e-fuels (e.g., e-LNG, e-Ammonia), earning a 2x reward factor.
- Wind-assisted propulsion and ice-class vessels are also eligible for credits.
- Only non-food stock biofuels qualify, requiring modifications to ShipSure for storing bunker delivery notes and fuel quality certificates.
fuelEU maritime Timeline
FuelEU Maritime is on its way!
Gear up with Varuna Marine Services B.v.
Varuna Marine Services BV offers strategic support to help you accurately measure and effectively reduce your vessel’s fuel emissions, while ensuring full compliance with FuelEU Maritime regulations. We offer:
- Assist in pooling arrangements with other companies for collaborative compliance.
- Scenario planning to manage compliance costs and risks.
- Monitoring plan creation and updates.
- Report submission to verifiers and Thetis MRV system.
- Compliance strategies, including alternative fuels, onshore power, wind-assisted propulsion, etc.
- Expert guidance on FuelEU regulations and their impact on your fleet.
- Accurate measurement of fuel consumption and emissions, providing you with reliable data for compliance reporting..
- Continuous monitoring and support to address any challenges, and stay informed about the latest developments in FuelEU regulations.
- Mitigate financial risks from non-compliance to avoid Fines and Penalties.
- Optimize operational efficiency to reduce fuel consumption and improve overall vessel performance.