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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.

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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

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Technology

StormGeo voyage optimisation solution to be deployed across G2 Ocean fleet

StormGeo’s Voyage Optimisation solution for G2 Ocean combines features such as onboard voyage planning, routing advisory, speed optimisation, and emissions monitoring and reporting.

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StormGeo voyage optimisation solution to be deployed across G2 Ocean fleet

Voyage optimisation and weather intelligence solutions provider StormGeo on Thursday (6 February) announced the expansion of its partnership with G2 Ocean, as its voyage optimisation solution will be deployed across the company’s fleet of 120 vessels. 

The new agreement builds on the success of a long-term collaboration between the two maritime companies, further solidifying G2 Ocean’s confidence in StormGeo’s ability to support their goals of operational efficiency and decarbonisation.

G2 Ocean has selected StormGeo’s Voyage Optimisation solution, which empowers both shoreside and onboard teams to plan and execute optimised, safe voyages. 

By integrating AI-driven insights, advanced technology, weather analytics, and the expertise of StormGeo’s route analysts and operational support professionals, this solution provides comprehensive, data-driven support at every stage of the voyage. 

As a recognised leader in maritime innovation, G2 Ocean is committed to accelerating their digitalisation and decarbonisation efforts in the coming years, with StormGeo as a trusted partner in driving sustainable growth.

Phil Curran, Director Fleet Operations, at G2 Ocean, said: “The foundation for optimising a sea passage is accurate weather prediction coupled with best-in-class routing advice.”

“StormGeo has been the industry leader in providing weather routing service for 25 years and has added to their expertise a suite of innovative tools to ensure we have the most accurate data and decision-making capability.”

“We are confident that their applications are the right combination to enable significant cost and emissions reductions on every voyage.”

Petter Andersen, Senior Vice President, Shipping, at StormGeo, said: “The expansion of our partnership with G2 Ocean is a testament to the strong trust and collaboration we've built over the years.”

“G2 Ocean’s confidence in our Voyage Optimisation solution underscores the value we bring to their fleet in supporting both operational efficiency and sustainability goals.”

StormGeo’s Voyage Optimisation solution for G2 Ocean combines features such as onboard voyage planning, routing advisory, speed optimisation, emissions monitoring and reporting, commercial and technical performance optimisation based on High-Frequency sensor data, and advanced APIs.

Related: Resorts World Cruises selects StormGeo bunker planning and procurement solution
Related: StormGeo markets Bunker Management module at Singapore event
Related: StormGeo and FuelBoss in new partnership to support digitalisation of bunker workflow

 

Photo credit: StormGeo
Published: 7 February, 2025

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Classification Society

LR: Risk sharing key component to viable emissions reduction

When major change is introduced on a ship, there are numerous aspects to consider by all stakeholders involved which all add risk.

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Elina Papageorgiou

Shipping must be open to sharing the risks associated with emissions reduction to enable the uptake of energy savings devices and technologies (ESDs/ESTs) and digital applications, stated classification society Lloyd’s Register (LR) representatives during a presentation at Athens during early December.

The responsibility of investing in and driving the uptake of new solutions must be borne by all relevant stakeholders and not sit solely with the shipowner. This extends not only to financial exposure, but also new vessel design and data sharing.

When major change is introduced on a ship, there are numerous aspects to consider by all stakeholders involved which all add risk. Energy producers, the energy consumers, the associated supply chains, and the investors, insurers, regulators, class societies and governments – all have critical, but different and highly inter-related roles to play within the transition.

“We are in a new era of shipping that comes with a different set of rules, including shipping companies’ approach risk and risk sharing,” shared Elina Papageorgiou, Global Strategic Growth Director and VP Greece and Cyprus at LR at the Powering Progress: Innovation and Energy in Maritime event.

“Longer-term investment decisions should also be informed by the decisions of shipping’s clients’, clients – the cargo owners – and align with their emissions reduction ambitions.”

David Lloyd, Director, Energy Transition at LR, meanwhile noted: “Smart vessel operation and well-informed, data-led investment decisions can significantly support vessel compliance. What’s more, investments don’t have to be extensive to achieve results.”

“Whilst uncertainties around bigger challenges such as alternative fuels and future requirements are resolved, ESDs and digital solutions can support the commercial viability of vessels as we approach 2030 with often surprisingly low levels of investment. But these investments should be shared across all stakeholders and not be limited to owners and financiers.”

Fotis Belexis, Technical Director of Starbulk Carriers, were amongst speakers discussing risk sharing across stakeholders for complex capital investments.

He pointed out that as existing vessels age, they cannot be replaced by newbuilds as there is insufficient global shipbuilding capacity to replenish the fleet with newer tonnage.

As such, older vessels may therefore remain in the market for longer than expected and not depreciate in value as has been the case in the past. Banks and other lenders must realise this and adjust their depreciation and lending models to suit when ship owners want to finance retrofits of ESDs on their older ships.

Moving forward, the room agreed energy saving devices (ESDs), such as wind-assisted ship propulsion, digital solutions and smart operations should all be considered as the in-service fleet using traditional marine fuels seeks to shave its bunker fuel consumption to comply with IMO’s Carbon Intensity Indicator, EU ETS (Emissions Trading Scheme) and FuelEU regulations – the latter will which be in effect as of 1 January 2025.

As emissions reduction targets increase, with steeper increments than currently planned potentially being announced at the Marine Environment Protection Committee meeting in May next year, data-led insight and scenario planning will become more important to understand where efficiencies can be gained.

 

Photo credit: Lloyd’s Register
Published: 31 December 2024

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Emissions reporting

Spinergie and Veracity by DNV team up on maritime emissions reporting

Partnership will integrate Spinergie’s Smart Fleet Management solution with the Veracity platform and connect Spinergie’s Smart Reporting module with DNV’s Emissions Connect.

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Spinergie and Veracity by DNV team up on maritime emissions reporting

Maritime technology company Spinergie on Tuesday (26 November) announced a strategic partnership with Veracity, the maritime emissions data cloud from DNV. 

Together, they offer clients a comprehensive, automated system for collecting, processing, and verifying emissions data.

The partnership will integrate Spinergie’s Smart Fleet Management solution with the Veracity platform and connect Spinergie’s Smart Reporting module with DNV’s Emissions Connect. Smart Reporting collects data via multiple sources, including sensors, GPS/AIS, and manual entry. 

Crucially, Spinergie’s in-built mechanisms ensure the quality of ship data. By connecting with Emissions Connect through Veracity, this data can be directly verified, ensuring compliance with the IMO DCS, EU MRV, and FuelEU Maritime regulations.

Spinergie’s client, SMT Shipping has selected the partnership to streamline its data management processes and ensure regulatory compliance. SMT Shipping benefits from a suite of tools tailored to make their operations more efficient. 

These include simplified and guided manual data entry, reinforced with automatic population and robust quality checks. Quality checks at the reporting source reduce the need for a back-and-forth between the verifier and SMT’s crews, making significant time savings.

Further time savings are achieved through single-entry data, with multiple reports generated from a centralized dataset and automatically exported to relevant internal and external stakeholders as required.

"Through Spinergie’s Smart Fleet Management solution, SMT Shipping has taken steps to significantly reduce the administrative burden of our crews and office staff. This system allows the seamless reporting of consumption and emissions data to regulatory bodies, and most importantly gives SMT the great benefit of a platform to access all operational and technical details about our voyages and vessels,” said Joep Groot, Business Optimization & Projects, SMT Shipping.

"Veracity’s partnership with Spinergie enhances our ability to support maritime clients in their journey towards sustainability. By providing seamless access to verified emissions data, we empower companies like SMT Shipping to efficiently bring trust into their emissions data and adhere to stringent environmental regulations," said Mikkel Skou, Executive Director for Veracity by DNV.

"Our partnership with Veracity by DNV aligns with our mission to provide clients with the tools to reduce the reporting and admin workload of crews and office staff. Together, we offer a solution that simplifies emissions data management and helps shipping companies achieve their sustainability goals,” added Jean Cristofari, CEO and Co-Founder of Spinergie.

The collaboration between Spinergie and Veracity by DNV is a significant step in adopting digital technologies and data standardization in the maritime sector. The partnership will help clients, including SMT Shipping, achieve peak efficiency and improve environmental performance through real-time, verified emissions data.

 

Photo credit: Spinergie
Published: 28 November, 2024

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