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Decarbonisation

Shipbroker Simpson Spence Young launches new EU ETS compliance solution

Firm has teamed up with CF Partners in rolling out a new facilitation service which will ensure its customers’ regulatory and operational compliance ahead of the maritime sector’s entrance into EU ETS.
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Independent shipbroker Simpson Spence Young (SSY) on Wednesday (13 September) announced the launch of a new, all-encompassing facilitation service which will ensure its customers’ regulatory and operational compliance ahead of the maritime sector’s entrance into the EU ETS.

In 2022, the EU ratified its decision to include the shipping sector into the EU ETS under the “Fit for 55” package. The scheme will target 100% of emissions from voyages between EU and EEA ports and 50% of voyage emissions on international routes to or from EU/EEA ports. 

From 2024 onwards, there will be a phased-in compliance requirement for operators to purchase an increasing percentage of EU Allowances (EUAs) to cover verified emissions (40% in 2024, 70% in 2025 and 100% in 2026).

As a consequence of the legislation, those affected will now have to understand the complexities of the regulatory requirements, the EU carbon market and contractual processes in order to be fully compliant which many in the industry see as the real challenge for the shipping sector.

The new SSY EU ETS service which is offered via a strategic partnership with carbon market specialists, CF Partners, will enable procurement and warehousing of EUAs on behalf of its customers, thereby alleviating the operational and regulatory challenges that operators would otherwise face as a consequence of the new legislation.

James Ash, SSY Carbon specialist, said: “With Shipping’s inclusion into EU ETS fast approaching we realise the operational challenges many of our customers face. By forming this strategic partnership with CF Partners, we are able to offer a full EU ETS service, including procurement and warehousing of EU Allowances, enabling our customers a smooth and simple route to market from the point of exposure to being fully compliant”.

Tim Atkinson, Head of Carbon Sales at CF Partners, said: “The maritime sector is entering the EU ETS at a time of record EU Allowance prices and significant market volatility so companies who act early will be best placed to develop an effective compliance strategy. We are delighted to be working with SSY on this partnership to give their clients access to our full suite of carbon risk management and trading solutions”.

Stanko Jekov, SSY Managing Partner, said: “I’m delighted that SSY is able to offer this new solution for our customers. It’s no secret that the road to decarbonization brings with it a number of key challenges with regulatory compliance being a significant challenge for many in the industry. Through our EU ETS compliance service, we are offering a real and practical solution for the shipping community as they continue to transition to a greener, cleaner future”.

Photo credit: shraga kopstein on Unsplash
Published: 14 September, 2023

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PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.
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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

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Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
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ABS awards AiP to Korean institute for SMR-powered container ship concept design

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

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KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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