Connect with us

Emissions reporting

ABS releases guide for shipping firms to annually comply with revised EU ETS directive

Brief provides a timeline of steps necessary to annually comply with EU requirements on emissions reporting and the surrender of emissions allowances, amongst others.

Admin

Published

on

RESIZED william william on Unsplash

Classification society ABS on Saturday (30 September) released a regulatory news brief on the revision of EU ETS directive which entered into force on 5 June 2023, for the inclusion of maritime transport activities in the EU Emissions Trading System.

The brief provides a timeline of steps necessary to annually comply with EU requirements on emissions reporting and the surrender of emissions allowances:

INTRODUCTION

The revision of the EU ETS Directive entered into force on 5 June 2023.

Implementation for the maritime industry will begin on:

  • 1 January 2024, for cargo and passenger ships of 5000 GT and above; and
  • 1 January 2027, for offshore ships of 5000 GT and above.

To facilitate compliance with the new directive, this Regulatory News is intended to provide operators and shipping companies with the necessary guidance.

AMENDMENTS TO REGULATION (EU) 2015/757 – EU MRV

The extension of EU ETS Directive to maritime transport requires additional reporting requirements. This was facilitated by Regulation (EU) 2023/957, amending Regulation (EU) 2015/757 which was published in the European Journal on 10 May 2023. The ABS Regulatory News 10/2023 explains the amendments to the EU MRV Regulation.

MONITORING

  • By 1 October 2023, the European Commission (EC) shall adopt delegated acts for the inclusion of
  • CH4 and N2O emissions and the greenhouse gas (GHG) emissions from offshore ships.
  • Additional delegated acts shall be adopted for the monitoring and reporting of the aggregated
  • emissions data at company level and the submission to the administering authority.
  • By 31 December 2023 or the soonest possible before 1 April 2024, shipping companies should
  • submit to ABS through the THETIS-MRV platform the updated monitoring plans (MPs) according to the EC delegated and implementing acts for each of their ships.
  • By 1 April 2024, shipping companies shall for each of their ships submit to their responsible
  • administering authority an MP that has been assessed by the verifier.
  • By 6 June 2025, the responsible administering authority shall approve the MP based on the assessment of the verifier.

For applicable ships which have not previously been subject to the requirements of Regulation (EU) n2015/757 prior to 1 January 2024, the shipping company will be required to submit an MP to their administering authority within three months of the ship’s first call in a port of an EU member State. The administering authority shall approve it within four months.

REPORTING

  • From 1 January 2024, shipping companies shall monitor and report emissions for cargo and passenger ships of 5000 GT and above in accordance with the revised MP.
  • From 1 January 2025, companies shall monitor and report emissions for the following additional vessel types:
  • Offshore ships of 5000 GT and above
  • Offshore ships and general cargo ships below 5000 GT but not below 400 GT.
  • From 31 March 2025 and each year after, companies shall, for each ship under their responsibility, submit to their administering authority, flag states concerned and the European Commission, an emissions report for the entire monitoring period of the previous year which has been verified as satisfactory by their verifier. For the monitoring period of 2023, the deadline for submission of the emissions report remains 30 April 2024.
  • From 31 March 2025 and each year after, shipping companies shall submit to their administering authority a verified emissions report at company level (aggregated emissions data under ETS).

Shipping companies must continue reporting their greenhouse gas emissions through the existing THETISMRV platform.

The administering authority may request companies to submit their verified emissions reports and the aggregated emissions data at company level prior to 31st of March, but not earlier than 28th of February of each year.

Screenshot 2023 10 02 at 12.53.24 PM

EU ETS DIRECTIVE APPLICATION

The EU Directive 2023/959 (amending Directive 2003/87/EC) will apply:

▪ From 1 January 2024 to cargo and passenger ships of 5000 GT and above.

▪ From 1 January 2027 to offshore ships of 5000 GT and above

CONTAINER TRANSHIPMENT PORTS

By 31 December 2023, the European Commission shall establish a list of container transhipment ports by

means of implementing acts. Stops of containerships in neighboring container transhipment ports are not considered a port of call for the purpose of minimizing the risk of evasive behavior.

Note: The full version of ABS Regulatory News on the ‘Revision of the EU ETS Directive- Timeline for Compliance’ can be viewed here

Photo credit: william william on Unsplash
Published: 2 October, 2023

Continue Reading

Digital platform

Ofiniti eBDN solution chosen by FincoEnergies for marine biofuel ops in ARA region

Development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

Admin

Published

on

By

FincoEnergies MT

Rotterdam-based FincoEnergies, an independent, leading supplier of (bio)fuels and decarbonisation services for the transport sector, will be adopting Ofiniti’s FuelBoss eBDN technology, with operational support from VT Group.

The development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

“Schedules are becoming increasingly tighter as demand for sustainable biofuels grows,” explains Leon Arets, Trading & Operations Director at FincoEnergies.

“We’re adopting a platform that enhances structure and responsiveness. This digital leap allows us to not only scale efficiently but also deliver greater transparency and operational excellence to our clients.”

A spin-off from global assurance and risk management leader DNV, Ofiniti brings together deep industry know-how with cutting-edge technology. Its flagship platform, FuelBoss, is designed to replace cumbersome manual processes with streamlined digital workflows that boost efficiency and data reliability.

“Our work with LNG suppliers laid the groundwork,” notes Oliver Brix Sparsø, Global Director of Sales at Ofiniti. “But this collaboration with FincoEnergies and VT Group marks the first large-scale commitment to digital delivery workflows for biofuels. It’s a turning point for the region.”

FincoEnergies’ mission, Decarbonising the transport industry together, is grounded in collaboration and innovation. The partnership with Ofiniti and VT Group exemplifies this spirit, combining technological leadership with operational expertise.

“As operators, we continuously look for ways to improve life on board and support our partners,” adds Wouter van Reenen, Business Development Manager at VT Group. “FuelBoss is a strong fit for our operations and those of our chartering clients.”

Related: Ofiniti to digitalise Azane ammonia bunkering operations across Scandinavia
Related: Ofiniti to roll out e-BDNs for Golden Island methanol bunkering operations in Singapore
Related: Global Fuel Supply to adopt FuelBoss by Ofiniti for e-BDN in West Africa
Related: Ofiniti appoints Oliver Brix Sparsø as new Global Director of Sales
Related: Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions
Related: Singapore: FuelBoss by Ofiniti becomes sixth whitelisted e-BDN solution
Related: Digital bunkering platform Ofiniti successfully spun out from DNV
Related: FuelBoss to continue under new DNV company Ofiniti

 

Photo credit: Ofiniti
Published: 17 June 2025

Continue Reading

Environment

SCC report reveals maritime emission progress, yet challenges remain in reaching climate alignment

Signatories were still 12% behind the minimum international climate goals set by the IMO in 2024, up from 9% the previous year.

Admin

Published

on

By

Sea Cargo Charter annual disclosure report 2025

The Sea Cargo Charter, a global framework for assessing and disclosing the climate alignment of chartering activities, on Thursday (12 June) issued its 2025 Sea Cargo Charter Annual Disclosure Report.

The 77-page document noted most signatories to the Sea Cargo Charter (SCC) – a global climate alignment initiative developed by the Global Maritime Forum – reduced their emission intensity over the last year, reflecting the growing maturity, ambition and transparency of the charter.

However, action will need to accelerate to keep up with the ambitious emission reduction targets set by the International Maritime Organization (IMO), which become more stringent year-on-year.

The 34 leading charters and shipowners featured in the report represent around 18% of global wet and dry bulk cargo transported by sea in 2024.

This is the second year signatories have reported against the steeper climate alignment trajectories and conditions set out in the 2023 IMO GHG Strategy. Despite these challenges, 19 of 34 signatories reduced their emission intensity over the last year, eight improved their climate alignment scores, and several have reported enhanced integration of emissions metrics into operational and chartering decisions.

Signatories were on average 12% behind the minimum international climate goals and 18% behind the striving targets in 2024. Ten signatories reported being 10% behind or less, five were aligned with the minimum trajectory, and three were aligned with the striving trajectory.

“The Sea Cargo Charter continues to be a powerful enabler of progress, helping the maritime industry translate climate ambition into concrete action,” said Engebret Dahm, Sea Cargo Charter vice chair and CEO of Klaveness Combination Carriers.

“This year’s results demonstrate that even as the IMO’s climate goals grow more ambitious, signatories are stepping up with greater transparency, operational improvements, and data integrity. The Charter is not just a reporting tool—it is a stepping stone toward achieving the IMO’s Greenhouse Gas Strategy and Global Transport Zero Framework.”

Note: The full 2025 Sea Cargo Charter Annual Disclosure Report can be downloaded here.

 

Photo credit: Sea Cargo Charter
Published: 16 June 2025

Continue Reading

Emissions reporting

ZeroNorth and Veracity by DNV launch end-to-end emissions reporting, verification service

New offering combines ZeroNorth’s Vessel Reporting and Emissions Analytics platform with Veracity platform and DNV’s Emissions Connect verification services to deliver an end-to-end compliance solution.

Admin

Published

on

By

ZeroNorth and Veracity by DNV launch end-to-end emissions reporting, verification service

Maritime technology solutions provider ZeroNorth on Friday (16 May) said it has partnered with Veracity by DNV to launch a fully integrated emissions reporting and verification service for the maritime industry. 

Teekay is the first customer that will be implementing the service across its fleet, following successful testing and development.

As regulatory requirements tighten, ZeroNorth said maritime operators face growing demands for emissions transparency and reporting integrity. At the same time, poor data quality remains an industry-wide challenge. 

“The new offering combines ZeroNorth’s Vessel Reporting and Emissions Analytics platform with the Veracity platform and DNV’s Emissions Connect verification services to deliver an end-to-end compliance solution,” the company said in a statement. 

“The offering simplifies compliance by integrating automated data reporting with expert validation, reducing administrative burdens and improving data reliability.”

A key differentiator is the multi-layered data quality feedback loop, which ensures emissions data undergoes rigorous validation at multiple stages. Verification warnings from Veracity by DNV are automatically flagged to ZeroNorth’s data quality team, which then works directly with vessel crews to resolve discrepancies before final submission to authorities. 

This reduces compliance risks and enhances regulatory confidence while supporting continuous monitoring of EU MRV, IMO DCS, CII ratings, EU ETS and FuelEU Maritime compliance.

Teekay, a long-standing customer of ZeroNorth, participated in early testing of the solution and providing operational feedback. Since its successful implementation with Teekay, the service has been rolled out to two additional customers, and further deployments are underway.

Anders Schulze, Chief Operations Officer at ZeroNorth, said: “The maritime industry faces growing pressure to ensure emissions data is not just reported, but verified to the highest standards. Yet fragmented systems and manual processes continue to undermine data quality and increase compliance risk. 

“By combining ZeroNorth’s data and analytics capabilities with Veracity by DNV’s verification expertise, we are directly addressing this challenge. Our goal is to build trust in emissions data and reduce complexity for shipowners and charterers. We’re especially pleased that Teekay, a long-time partner, played a central role in shaping and validating the service.”

Mikkel Skou, Managing Director at Veracity by DNV, said: “At Veracity by DNV, the value of our ecosystem is built on strong partnerships, exemplified by our collaboration with ZeroNorth.

“By integrating trusted data and solutions like ZeroNorth’s Vessel Reporting and Emissions Analytics platform, we create a robust network that supports collaboration and drives sustainable growth in the maritime industry. 

“We look forward to continuing working towards our ambition to deliver trust and connectivity to the industry through this partnership with ZeroNorth.”

Mikkel Seidelin, Chief Commercial Officer at Teekay, said: “Partnering with ZeroNorth improves our ability to navigate complexities seamlessly, leveraging on data and technology to optimise our performance and reduce inefficiencies.

“When we are equipped with verified, end-to-end data, it empowers us as owners towards seamless decision-making, resulting in real sustainable and operational target-achievements.”

 

Photo credit: ZeroNorth
Published: 16 May, 2025

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending