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Gasum: Shipping companies must be prepared for the tightening EU regulations

Gasum released an insight on the upcoming EU regulations including Fit for 55 regulatory package, FuelEU Maritime and EU Emission Trading System, while also touching on cleaner bunker fuels.




Gasum: Shipping companies must be prepared for the tightening EU regulations

Nordic energy company Gasum released an insight on the upcoming EU regulations including Fit for 55 regulatory package, FuelEU Maritime regulation and EU Emission Trading System (ETS) while also touching on cleaner bunker fuels: 

Shipping companies must prepare for stricter EU regulations as the European Union tightens emissions rules for the maritime sector. New regulations and customer demands will drive the need for low-emission maritime fuels like renewable biogas and synthetic methane. Gasum stands ready to assist its customers in compliance and emissions reduction.

The European maritime industry faces significant changes impacting all companies operating in European waters. Under the EU's Fit for 55 regulatory package, companies must reduce the greenhouse gas intensity of the energy used by vessels. In practice, this means companies need to buy low or zero emission fuels.

The forthcoming FuelEU Maritime regulation will mandate a 2% reduction from 2020 levels in fleet greenhouse gas emissions by 2030, escalating to 80% by 2050. Additionally, the EU Emission Trading System (ETS) will affect the maritime industry for the first time in 2024. Companies using fossil fuels will need to purchase and use EU ETS emission allowances for each tonne of reported CO2 emissions.

"The scale of change will be significant, with five directives tightening maritime emissions rules. Companies must assess their vessel operations and transition to low-emission fuels promptly. At Gasum, our mission is to ensure our customers' long-term compliance with available low-emission fuel options, such as LNG, fully renewable biogas, or synthetic methane," says Jani Arala, Gasum's Head of Sustainable Logistics Solutions.

The demand for low-emission biofuels is set to increase

The demand for low-emission biofuels is set to rise due to these regulations, and Gasum is committed to meeting its customers' needs. Gasum plans to introduce an additional 7 TWh of biogas by 2027, reducing emissions and addressing the growing demand for biofuels in the maritime sector.

Gasum is also actively participating in the emerging synthetic fuel market, aiming to provide more emission-free synthetic methane. Another potential synthetic fuel is green and e-methanol, but they face challenges in terms of vessel engines capable of utilizing methanol and the necessary bunkering infrastructure.

Electric engines are gaining traction for short-range travel, while long-haul electric shipping remains challenging due to, among other things, space requirements.

"In the long term, compliant cleaner maritime fuels like LNG, LBG, and synthetic methane are viable options due to availability and futureproofing. Dual-fuel engines allow ships to transition cost-effectively, and LNG dual fuel vessels can use all renewable and e-methane types as 'drop-in' fuels, with solid LNG vessel order books," Jani Arala adds.

Portfolio management services bring competitive advantage when dealing with ETS

In 2024, the maritime industry faces a significant shift with the Emission Trading System (ETS), which mandates companies to purchase emission allowances for fossil fuels used. Unlike some sectors, the maritime industry does not receive free allowances.

The EU ETS will gradually impact shipping companies. In the first year, they must offset 40% of maritime emissions, with this requirement reaching 100% after three years in 2027.

For shipping companies relying on fossil fuels, this will lead to significantly higher costs, inevitably affecting customer prices. One option for shipping companies who participate in ETS is to outsource allowance purchasing or otherwise seek help from portfolio management services.

Gasum offers comprehensive portfolio management services related to EU ETS with capabilities of taking care of the whole process on customers’ behalf.

"Timely allowance purchases within the EU ETS can be a complex and dynamic endeavor, necessitating specialized knowledge. We have observed, alongside our clients, that outsourcing emission trading is often a cost-effective and practical choice. Gasum's dedicated specialists monitor market conditions, ensuring our customers with predictability and transparency regarding allowance costs, risk reductions in price and volume risks, and ultimately lower costs and less stress," Jani Arala explains.

Photo credit: Gasum
Published: 16 November, 2023

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VPS launches Maress Summer Campaign Dashboard to track progress of vessels

Dashboard will enable the maritime industry to follow the development of its maritime emissions saving campaign, Maress Summer Campaign 2024, which is aimed at saving 15,000 tons of CO2.





VPS launches Maress Summer Campaign Dashboard to track progress of vessels

Marine fuels testing company VPS on Thursday (20 June) said it launched its Maress Campaign Dashboard to enable the maritime industry to follow the development of its maritime emissions saving campaign for this year.

It said the Maress Summer Campaign 2024, which started on 1 June and will run for 90 days, is ongoing and is aimed at achieving the goal of saving 15,000 tons of CO2.

“Since our last update, the number of participating vessels has increased from 278 to 303. This is more than doubling of the vessels that participated in the campaign last year,” VPS said in a social media post.

“The industry-wide effort to drive decarbonisation is showing fantastic results, with innovative initiatives and remarkable engagement from vessels across the board.”

It added the main purpose of the campaign is to create collaboration and awareness around emission reductions. 

“This industry-first tool is now open for everyone in the industry to track the collective progress. Updated daily, it provides a transparent and exciting view of the leaders in each category, showcasing the close race towards efficiency gains,” VPS said on the dashboard.

Note: The new dashboard by VPS for the Maress Summer Campaign 2024 can be found here.

Related: VPS to organise Maress Decarbonisation Campaign in 2024
Related: VPS wins OSJ Annual Environment Award 2024 for Maress Summer Campaign
Related: VPS records 10,000 tonnes of CO2 emission cut from campaign with top OSV players
Related: VPS Decarbonisation to kickstart summer campaign to reduce shipping emissions


Photo credit: VPS
Published: 21 June, 2024

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UECC reduces emissions in 2023 by more than doubling bio bunker fuel use

UECC boosted the use of ISCC-certified sustainable biofuel B100 on both owned and time-chartered ships to 14,000 mt last year, up from 6,500 mt in 2022.






United European Car Carriers (UECC) recently announced its progress of using alternative bunker fuels and said it was on track to exceed its goal of a 45% emissions reduction by 2030 after more than doubling biofuel usage across its fleet last year.

UECC boosted the use of ISCC-certified sustainable biofuel B100 on both owned and time-chartered ships to 14,000 metric tonnes (mt) last year, up from 6,500 mt in 2022.

The company achieved a total tank-to-wake emissions reduction of over 60,000 tonnes across its 14-vessel fleet in 2023, of which it is estimated increased biofuel use accounted for 40,000 tonnes, with the remainder coming from LNG. This was a near-250% increase on the emissions cut of 24,200 tonnes achieved in 2022.

TheEuropean sustainable shortsea carrier said it has made significant strides in decarbonisation of its fleet of pure car and truck carriers (PCTCs) with the addition of five LNG-fuelled newbuilds and the increased rollout of biofuels in recent years - and this is now showing commercial payback for clients in the light of new green regulations, according to Energy and Sustainability Manager Daniel Gent.

“Consequently, we are well on the way to reach or exceed our 45% emissions reduction target by 2030. This clearly has a positive impact for those bio-supportive cargo owners in terms of reducing costs related to the EU Emissions Trading System (EU ETS),” Gent said.

“Furthermore, 85% of the vessels in our fleet achieved a C-rating last year with the IMO’s Carbon Intensity Indicator (CII) and this year we expect all our ships to achieve this rating or above.”

Gent also pointed out the UECC fleet is already in surplus in relation to the requirement for an average 14.5% reduction in GHG intensity by 2035 under the FuelEU Maritime regulation due to be implemented next year.

The environmental performance of UECC’s current fleet of nine owned and five time-chartered PCTCs has been enhanced through delivery over the past seven years of five eco-friendly newbuilds - a pair of dual-fuelled LNG vessels and trio of multi-fuel LNG battery hybrid units.

The use of LNG reduces emissions of CO2 by around 25%, SOx and particulate matter by 90% and NOx by 85%, while the latest battery hybrid newbuilds exceed the IMO target to reduce carbon intensity by at least 40% from 2008 levels by 2030.

UECC is now looking at sourcing alternative carbon-neutral fuels such as bio-LNG and e-LNG for these vessels to further improve their green performance, according to Gent.

UECC’s adoption of alternative fuels has expanded exponentially since the programme was launched in 2020 with piloting the use of biofuel on its vessel Autosky, bolstered by valuable support from owners of its time-chartered vessels, clients such as BMW, fuel suppliers like GoodFuels, industry partners, and parent companies NYK and Wallenius Lines.

“We are now in the fifth year of running our biofuels programme and it has gone from strength to strength. UECC has sought to take a leading role through early-stage analysis of new biofuels to evaluate their potential in terms of technical suitability, sustainability and commercial viability, both  to deliver the best solution for our customers and give the sector a blueprint for assessment and adoption of such fuels based on these three pillars,” Gent explained.

He added that, in terms of sustainability criteria, the company looks for biofuels with the biggest environmental impact, with a typical minimum 90% reduction in GHG intensity from well-to-wake compared with conventional marine fuels. 

UECC has steadily expanded the use of green fuels to cover 30% of its fleet in 2023, up from 18% in 2022, and is on track to achieve 50% coverage this year towards the goal of 80% by 2030, though Gent is confident of surpassing this figure.

He said being proactive in trialling new alternative fuels has also promoted engagement with fuel providers, which has led to UECC’s latest initiative together with biofuel supplier ACT Group as part of an industry collaboration to test the Cashew Nut Shell Liquid (CNSL)-based biofuel FS.100 that he believes has “great potential for sustainable shipping”.

“Increasing the pool of sustainable drop-in fuels offers a pathway for shipping to achieve rapid emissions cuts on existing vessels. Combining alternative fuels with energy efficiency measures such as hull cleaning and electrification with shore power can further accelerate decarbonisation,” Gent said.

“By progressively advancing the use of alternative fuels, we are reducing emissions exposure for our clients and securing regulatory compliance long into the future, while also promoting industry efforts to reach the net-zero goal,” he concluded.


Photo credit: United European Car Carriers
Published: 21 June, 2024

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LNG Bunkering

CMA CGM takes delivery of fourth LNG-fuelled containership

Naming ceremony and delivery of vessel, organised at HD Hyundai Mipo in Ulsan, South Korea, marked entry of the fourth vessel in a series of ten specially designed for Northern Europe feeder services.





CMA CGM takes delivery of fourth LNG-fuelled containership

French shipping giant on Wednesday (19 June) said it celebrated the naming ceremony and delivery of its fourth LNG-fuelled container ship, CMA CGM Tivoli.

Organised at HD Hyundai Mipo in Ulsan, South Korea, on 16 June, the event marked the official entry of the fourth vessel in a series of ten specially designed for Northern Europe feeder services.

“Featuring optimised features for 45-foot containers, increased capacity for refrigerated containers, and innovative forward accommodation to enhance cargo loading and aerodynamics, CMA CGM Tivoli distinguishes itself with a high ‘length to beam" ratio to maximise hydrodynamic efficiency,” the firm said in a social media post. 

“She departed the shipyard on June 15th, 2024, bound for Busan. We wish fair winds and smooth seas to Captain Artur Dumbrov and his crew.” 


Photo credit: CMA CGM
Published: 21 June, 2024

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