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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.




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:


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.


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.


  • 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.


  • 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


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


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

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DNV independent cloud platform Veracity launches new Solution Partner program

Shipowners and managers can now easily connect their verified emissions data from platform with partnering software applications and services, such as EUA settlement and trading solutions.





DNV independent cloud platform Veracity launches new Solution Partner program

DNV’s independent cloud platform Veracity on Thursday (11 April) announced the launch of its new Solution Partner program, where maritime solution providers integrate their applications and services with the platform. 

Shipowners and managers can now easily connect their verified emissions data from the platform with partnering software applications and services, such as EUA settlement and trading solutions.

The Solution Partner program is an expansion of the Veracity Integrated Partner program that already offers connectivity to nearly 50 000 vessels for automated emissions reporting by connecting maritime data providers to the Veracity platform and DNV’s verification services. The first solution partners already connected include ABN Amro, Berenberg, Carlton Carbon, Hecla Emissions Management, INTERTANKO, Vanora, Timing Carbon and zero44.

Mikkel Skou, Executive Director at Veracity by DNV, said: “I am glad to see the ecosystem around Veracity’s maritime emissions cloud grow at an increasing speed.”

“Last year, we partnered with leading maritime data providers, so that our common customers could get real-time verified emissions data through an automated and secure process. Now we expand the program further, enabling customers to easily use verified data in their commercial settlements and with partnering solutions.”

DNV said the need for real-time verified emissions data that can be efficiently used across several solutions and reporting mechanisms in the value chain is fast growing as the industry increases its decarbonization efforts. 

In January 2024, the EU ETS regulations came into effect for several shipping segments and as of 1st of January 2025 more segments will follow as FuelEU Maritime comes into play. 

The increased regulatory requirements come in addition to already established industry initiatives, such as Poseidon Principles; a global framework from the financial sector for integrating climate considerations into maritime lending decisions and Sea Cargo Charter; established to assess and disclose climate alignment of ship chartering activities worldwide.

"The implementation of EU ETS is a game-changer for the industry, setting new requirements on the quality and frequency of emissions data from vessels,” said Skou. 

“As the cost of emissions becomes part of the commercial contract, the data behind the numbers must be accurate and verifiable. To help companies in this transformation, we have built the Emissions Connect service from DNV.”

“It uses the Veracity data platform and our partner network to efficiently connect operational vessel data with DNV’s verification services, and now for further use in partnering software solutions. This way our customers can truly maximize the value of their verified data in an efficient manner.”

Within the scope of the Veracity Solution Partner Program, the Veracity platform serves as a secure digital space where customers can make their own emissions data available from all partners that have signed up to the partner program. This data is not directly submitted to DNV but rather securely stored on the Veracity platform, underlining the autonomy of the customers in managing their data.

Pål Lande, Digital Business Development Director, DNV maritime, said: “DNV's role is clearly demarcated within this ecosystem. We provide assurance services with the professionalism and independence that stakeholders have come to expect from us, without any undue influence over the data prior to its submission for verification.”

“The model further underscores our commitment to advancing digital transformation and decarbonization efforts in the maritime industry, facilitating a seamless and secure exchange of data that supports our clients' business needs while adhering to the highest standards of data integrity and impartiality.”


Photo credit: DNV
Published: 12 April 2024

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Alternative Fuels

VPS updates Chinese shipping sector on bunker fuel quality, new fuels, and decarbonisation challenges

Representatives from China Shipowners’ Association, China Maritime Safety Administration, VPS and DNV informed the audience on latest developments from the marine fuel and shipping sectors.





Zhang Ai Guo, Secretary General, China Shipowners’ Association

Marine fuels testing and decarbonisation services company VPS on Thursday (28 March) held its Fuel Quality, New Fuels & Decarbonisation Challenges seminar at Jin Mao Tower in Shanghai, China.

The event was attended by about 100 local shipping executives and graced by Zhang Ai Guo, Secretary General, China Shipowners’ Association (CSA) and Zhang Wei, Director, China Maritime Safety Administration (MSA) Shanghai who both delivered opening speeches.

CSA – Green maritime developments part of national plan

“President Xi Jinping has encouraged green development and the transition to alternative fuels for the maritime sector is an important means towards lower carbon and pollution emissions especially in highly populated areas,” said Mr Zhang of CSA.

“By 2030, we are going to reduce traditional fuel consumption by 20 to 40 million tonnes. The Chinese Ministry of Transport has launched some options for green shipping.

“We going to establish our own standards for green shipping technology. By 2030, green power such as LNG and methanol, as well as other low carbon energy will be used to propel Chinese vessels plying not only inland rivers but also international waters.”

Zhang Wei, Director, China Maritime Safety Administration (MSA) Shanghai

Zhang Wei, Director, China Maritime Safety Administration (MSA) Shanghai

MSA, Shanghai – Establishment of Maritime Energy Efficiency Centre

Mr Zhang of China MSA Shanghai branch updated the audience about the recent establishment of its Maritime Energy Efficiency Centre as part of operations to support International Maritime Organization (IMO) activities.

“The Maritime Energy Efficiency Centre was opened about a week ago and work is driven by the IMO Data Collection System (DCS),” he explained.

“IMO has asked related flag States to record and report fuel oil consumption data of their ships, which will be later used to calculate the vessel’s operational Carbon Intensity Indicator (CII).

“This centre is established to fulfil the requests of IMO and we are going to responsibly provide data of the Chinese fleet to ensure compliance when operating on international waters.”

Captain Rahul Choudhuri, President Strategic Partnerships, VPS

Captain Rahul Choudhuri, President Strategic Partnerships, VPS

VPS – Proposes ‘joint effort’ to enhance biofuel bunker quality standards

Captain Rahul Choudhuri, President Strategic Partnerships, VPS began his presentation by highlighting the ‘Two Mountains’ theory of President Xi which noted clear waters and lush mountains to be invaluable assets when compared to resources of gold and silver.

He further mentioned: “As earlier pointed out by Mr Zhang of China MSA, decarbonisation is a joint effort required by all stakeholders.”

Noting the inadequacy of current ISO 8217 fuel quality standards for biofuels as a marine fuel, Captain Choudhuri said Singapore has developed its own provisional national standard on specifications of marine biofuel (WA 2:2022) and will be happy to work with China to enhance its biofuel bunker quality standards.

“I am pretty sure China will be a big biofuel producer in the future. We should find common waters to develop a strong biofuel standard for local and global use by China’s shipping industry,” he suggested.

Li Ting, Decarbonisation Advisor, VPS

Li Ting, Decarbonisation Advisor, VPS

VPS – Showcases suite of maritime decarbonisation advisory services

Li Ting, Decarbonisation Advisor, VPS meanwhile gave delegates an introduction to the firm’s suite of maritime decarbonisation advisory services including Maress, Portstats and Emsys which leverages upon VPS’ operational, fuel and emissions databases.

Ms Ting shared Maress is a digital management system for fleet data-driven decarbonisation. The subscription-based system, currently used by about 500 vessels, has reduced more than 200,000 metric tonnes of carbon dioxide emissions within the last three years.

“Maress has helped companies such as Tidewater decrease fuel consumption and related GHG emissions by 5% per active vessel in the North Sea fleet, while increasing efficiency by as much as 13% in some vessels,” she said.

“A partnership with SIEM Offshore has shown Maress increasing its overall FO-efficiency for its fleet of 22 vessels by 2.3% higher than the expected consumption baseline.”


Photo credit: VPS
Published: 8 April 2024

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METIS: Shipping, confronted by IMO 2030/2050 regulations, is at the beginning of a digitalisation wave

‘Inevitably, digitalisation will have to occur as things such as emissions reporting get more complicated and data models will need to be built,’ CEO tells Manifold Times.





Panos Theodossopoulos, CEO, METIS

The maritime industry, which is steering towards decarbonisation due to IMO 2030/2050 emissions regulations, is still in the infancy of adopting digital solutions, says Athens-based end-to-end digital transformation platform solution provider METIS Cyberspace Technology S.A. (METIS).

“We are still at the beginning of the digitalisation wave,” Panos Theodossopoulos, CEO, METIS told Manifold Times.

“Inevitably, digitalisation will have to occur as things such as emissions reporting get more complicated and data models will need to be built.”

According to Theodossopoulos, shipping is an industry steeped in tradition and mentality remains the biggest challenge for the sector’s digitalisation. However, change will have to occur due to external factors.

“The approaching emissions regulation makes it more important for shipping companies to digitalise their assets, have data automatically collected and make their lives easier,” he believed.

“Other forces such as the younger generation working in shipping firms and the new approaches they bring will result in change taking place.

“Right now, we are in transition between the old and new way of working.”

Mentality and non-data standardisation biggest hurdles for shipping’s digitalisation

Theodossopoulos meanwhile noted lack of data standardisation between different entities to be a roadblock for digitalising the shipping industry.

“For example, other industries such as aviation have standard ways to extract information from engines,” he explained.

“In shipping each engine manufacturer has its own API (Application Programming Interface) to extract data, and this poses a big roadblock in terms of technology adoption due to the increased costs it brings for data integration.”

Still, Theodossopoulos points out initiatives such as the Digital Container Shipping Association (DCSA), which includes nine of the ten largest container shipping companies, working to establish IT standards to enable interoperability of technology solutions across the industry.

Singapore initiatives, including the Singapore Trade Data Exchange (SGTraDex) platform which improves the way transactions are conducted with stakeholders, including bunker suppliers and financial institutions, Digital Bunker Document Standard, and electronic bunker delivery note (eBDN) solution are also examples of data standardisation helping shipping digitalise.

“The introduction of e-BDN by the Maritime and Port Authority of Singapore reduces a lot of paperwork while ensuring transparency for stakeholders such as financial institutions; this is a welcomed effort and should be followed in other parts of the world. We need initiatives like that to take place,” he stated.

METIS: Shipping, confronted by IMO 2030/2050 regulations, is at the beginning of a digitalisation wave

METIS progresses towards alternative bunker fuels integration

While the METIS digital platform currently includes traditional bunker fuels such as heavy fuel oil (HFO) and marine gas oil (MGO) in its system, Theodossopoulos disclosed it will be updated to include alternative marine fuels in time to come.

“We mostly do standard marine fuels, but we are progressively looking at more new fuels like the biofuels which some of our customers are burning to meet emission standards,” he shared.

“For ammonia, we are involved in the EU-backed ENGIMMONIA project which looks into the operation of marine engines running with ammonia.”

Shipping is going through a major disruption phase mainly to do with increased transparency amongst stakeholders and the way vessels are operated to burn and consume alternative marine fuels.

“Naturally, bunkering will be integrated into the more transparent way shipping will work due to increasing environmental, social, and governance standards,” said Theodossopoulos.

“We position ourselves as an engine to help customers navigate the digital trend.”

Related: Partners in Rotterdam-Singapore Green & Digital Shipping Corridor support emission reductions
Related: Singapore: PIL becomes first shipping line to complete full integration with SGTraDex
Related: SIBCON 2022 Interview: Co-Convenors offer insights into Singapore’s upcoming Digital Bunker Document Standard
Related: Singapore: MPA publishes guidelines for bunker suppliers in preparation of e-BDN launch


Photo credit: METIS
Published: 28 March 2024

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