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Furetank launches new company CO2mpliance for trading emission reductions in shipping

‘Our recent agreement for large-scale deliveries of mass-balanced biomethane gives us the opportunity to trade compliance surplus — both for ourselves and for others,’ says Viktoria Höglund.

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Furetank launches new company CO2mpliance for trading emission reductions in shipping

Swedish tanker shipping company Furetank on Friday (29 August) said it is launching the new company CO2mpliance, handling compliance with the FuelEU Maritime regulation on behalf of other shipping companies. 

The regulation, which came into force at the turn of the year, requires commercial vessels within the EU to gradually reduce greenhouse gas emissions, starting with 2 percent during 2025–2029 (compared with 2020 levels). By 2050, emissions must be reduced by 80 percent.

FuelEU Maritime opens several routes to reaching this target: for example, switching to or blending in renewable fuels, or a new option to trade surplus emission reductions that exceed the requirements. Those who fail to meet EU demands will otherwise face heavy penalties. 

The idea is to make it costly for companies that emit large amounts of greenhouse gases, and profitable for those who transition. In this way, the regulation aims to stimulate the use of renewable fuels.

Since Furetank has already done the groundwork to establish a framework for the new trading system, CO2mpliance will also handle compliance with the FuelEU regulation on behalf of other shipping companies. Customers will include both operators moving ahead of EU requirements with a surplus to sell, and those unable to reduce emissions from their fleets fast enough and therefore needing to buy.

Viktoria Höglund, CEO of CO2mpliance, said: “Our recent agreement for large-scale deliveries of mass-balanced biomethane gives us the opportunity to trade compliance surplus — both for ourselves and for others. Furetank has a tradition of creating inhouse functions demanded by the market, like our chartering department also serving other shipping companies.

“Now we are taking the same step into this new market created by the EU. We have the entire chain of expertise required in line with the new regulation and the specific conditions of shipping.”

 

Photo credit: Furetank
Published: 1 September, 2025

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Emissions reporting

StormGeo and OceanScore link emissions data, compliance workflows

Cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and UK ETS requirements.

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StormGeo and OceanScore link emissions data, compliance workflows

Weather intelligence and decision support solutions provider StormGeo and Hamburg-based technology platform OceanScore on Wednesday (3 June) said they have deepened their ongoing cooperation through the signing of a collaboration agreement during Posidonia 2026 in Athens on 2 June.

The cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and upcoming UK ETS requirements.

Together, the companies aim to help shipping companies seamlessly navigate increasing regulatory complexity more efficiently — from emissions reporting and data validation to compliance exposure management, pooling and financial settlement.

As emissions regulation becomes an increasingly important part of commercial shipping operations, the need for reliable operational data and streamlined compliance processes continues to grow. The cooperation between StormGeo and OceanScore is designed to support shipping companies with more connected, transparent and actionable processes across operational and commercial teams.

“From the outside, companies like StormGeo and OceanScore may sometimes be perceived as competitors because both operate around emissions and compliance workflows,” said Albrecht Grell, Managing Director at OceanScore. 

“But in reality, the industry increasingly needs both perspectives working together: trusted operational emissions data on one side and commercial compliance execution on the other. Our cooperation reflects that shipping companies are no longer looking for isolated solutions — they need connected processes, automated across different systems and reliable decision-making throughout the full compliance chain.”

By connecting validated operational emissions data with commercial compliance management, the cooperation supports workflows across:

  • emissions reporting and validation 
  • compliance management across EU ETS, FuelEU Maritime and upcoming UK ETS requirements
  • exposure visibility and cost transparency
  • pooling, settlement and financial processes 

The cooperation also aims to improve commercial transparency and coordination across operational and commercial stakeholders.

“StormGeo plays a central role in helping shipping companies turn operational vessel and emissions data into trusted, decision-ready insights,” said Espen Martinsen, Chief Commercial Officer at StormGeo. 

“As emissions regulations become more complex, this data is essential for transparent and efficient compliance management. By working with OceanScore, we can help customers connect StormGeo’s validated operational data with commercial compliance processes, creating a more integrated and practical approach to emissions management.”

The signing ceremony took place at the StormGeo booth during Posidonia 2026 in Athens and was attended by representatives from both companies.

Both companies expect the cooperation to continue evolving alongside upcoming regulatory developments, including FuelEU Maritime, EU ETS, the upcoming UK ETS and future emissions-related frameworks affecting global shipping.

 

Photo credit: StormGeo
Published: 4 June, 2026

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Emissions reporting

Veson taps Veracity by DNV for verified emissions reporting

Product integration connects Veson’s IMOS with the Veracity platform, enabling emissions figures confirmed by DNV to flow directly into IMOS.

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Veson taps Veracity by DNV for verified emissions reporting

Maritime data and freight management solutions provider Veson Nautical (Veson), on Monday (27 April) has announced a strategic partnership with independent industry cloud platform, Veracity by DNV, to bring verified emissions data into the heart of operational and commercial shipping workflows. 

The product integration connects Veson’s IMOS with the Veracity platform, enabling emissions figures confirmed by DNV to flow directly into IMOS. Within IMOS, these figures are clearly tagged as verified and integrated directly into voyage financials and P&L — reducing reliance on disconnected systems and manual re-entry.   

The integration addresses the growing need for maritime operators to incorporate compliance and automated data quality checks into daily voyage decisions, P&L tracking, and regulatory reporting. By embedding these inputs directly into live P&L calculations, shipping companies can improve the accuracy of voyage results, reach settlement faster, and reduce audit risk. 

“This collaboration between Veson and Veracity by DNV is an exciting development for us at Hafnia,” said Michael Rasmussen, General Manager, Pool Management at Hafnia. 

“We have historically spent significant time toggling between systems to reconcile emissions data. Having verified, accurate data in one place has the potential to streamline that workflow and make it easier for our teams to work with trusted figures in their day-to-day operations.”  

Looking ahead, the partnership will further expand into an end-to-end emissions reporting and verification workflow. Operational vessel data can be automatically transferred from IMOS to DNV’s Veracity platform, where it can be quality-assured in line with the Operational Vessel Data (OVD) standard and passed to DNV’s verification services in Emissions Connect. 

This will provide joint customers with a continuous data flow from data collection to verified emissions data, which can be used to meet evolving frameworks such as EU ETS, FuelEUMaritime, and additional commercial use cases.

“The industry is moving toward a model where verified data is central to both compliance and commercial performance,” said Sean Riley, President and Chief Operating Officer at Veson Nautical. “With DNV we are connecting those two worlds, bringing trusted emissions data directly into the workflows that drive day-to-day decisions and voyage P&L outcomes.” 

“Together with Veson, we are demonstrating how verified data can unlock new value in commercial operations,” said Mikkel Skou, Executive Director, Veracity by DNV. 

“This partnership is a strong example of our envisioned maritime data ecosystem in action; a collaboration that enables our common customers to use their data as a trusted foundation for better decisions, stronger collaboration, and more efficient operations.”  

The partnership builds on Veracity by DNV’s extensive data network, which has connectivity to more than 65,000 vessels worldwide through automated access to verified data. As part of Veson’s expanding Platform Partner Network, DNV extends that reach into the core system where maritime commerce is managed — giving shipping companies access to trusted data within a more connected ecosystem.

 

Photo credit: Veson Nautical
Published: 28 April, 2026

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FuelEU

DNV verifies Titan’s first FuelEU Maritime Pool

Company shared that its first FuelEU pool included several hundred vessels, balancing out operators with compliance deficits with those having positive compliance balances.

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DNV verifies Titan’s first FuelEU Maritime Pool

LNG bunker fuel supplier Titan Clean Fuels, part of Molgas, on Friday (24 April) said it has successfully concluded its first pooling exercise for the compliance period 2025 under the FuelEU Maritime regulation, with verification provided by classification society DNV. 

Titan Clean Fuels shared that its first FuelEU pool included several hundred vessels, balancing out operators with compliance deficits with those having positive compliance balances.

“The conclusion of this first pooling round is providing the proof of concept for our FuelEU pooling service, which we are aiming to roll out to the benefit of even more over- and under-compliant vessels in 2026 and the following years,” said Grégoire Hartig, Commercial Director at Titan.

Titan manages the FuelEU Pooling process from end to end, including the provision of over-compliant LBM, accepting or excluding new vessels, and the verification of the pool by DNV. It takes full contractual responsibility along the chain. This means it can drive the generation of compliance and respond to bunker and pooling market dynamics. Its know-your-customer (KYC) processes also ensure all pooling counterparts fulfil their financial commitments and abide by sanctions.

As a bunker vessel owner, Titan also manages its own ships in the pool. In this pooling period, approximately 73% of the LNG consumption by Titan’s Optimus bunker vessel was liquefied biomethane (LBM/bio-LNG). Titan expects that to be about 100% LBM in the next pooling phase.

“Pooling was designed to provide a competitive advantage to all alternative fuels, with LNG and LBM in particular delivering on the regulation’s potential today. Our customers running LNG-fuelled vessels were able to benefit from their early investment into cleaner propulsion, and several LNG-fuelled vessels chose to run on LBM, backed by the value generated from pooling,” Hartig added.

According to Titan, this progress showed that the European Commission has designed and implemented FuelEU Maritime well. The pooling mechanism is an essential, flexible and well-thought-out tool that smoothly but firmly pushes the shipping industry’s transition towards low-carbon propulsion.

“As shipowners and operators look to improve their environmental performance, create value and manage their exposure to FuelEU penalties, pooling is set to be a shipping trend to watch in 2026 and beyond,” the company added. 

 

Photo credit: Titan Clean Fuels
Published: 27 April, 2026

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