Tag: compliance
STAX Engineering Secures $40M Funding Round for Maritime Emissions Control
STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading provider of hybrid growth capital. Upper90 has provided flexible capital to finance the build out of STAX’s fleet of mobile emissions capture and control barges; the expansion will accelerate over the next six months to…
FuelEU Maritime: Understanding the Requirements for Ships Trading in the EU/EEA
FuelEU Maritime sets requirements on the well-to-wake GHG intensity of energy used for ships trading in the EU/EEA from January 1, 2025. The first step is to prepare and submit a monitoring plan to an accredited verifier by December 31, 2024. This statutory news provides you with more details on what you need to prepare.…
Oceanly Performance ensures EU-ETS compliance for the shipping industry
As the world races towards carbon neutrality, Oceanly, a leading provider of fleet performance solutions, has produced an innovative approach to EU Emissions Trading System (EU-ETS) compliance for the shipping industry. Oceanly Performance offers shipping companies a seamless pathway to monitor, report, and verify their carbon emissions under the EU-ETS, which came into force on…
ICS Publications releases fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance
International Chamber of Shipping (ICS) Publications announces the launch of the fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’. This latest edition offers comprehensive updates and expanded insights into the intricate relationship between shipping operations and environmental protection. The fifth edition is a definitive guide, providing a holistic introduction to companies…
OceanScore identifies EU ETS best practice to tackle ‘strategy gaps’ on compliance
Many shipping companies are still striving to define their strategy for EU ETS compliance some 90 days after implementation of the complex regulation, according to OceanScore, as it leverages lessons learned from clients to date to define best practice. Shipowners are now required to acquire and account for EU Allowances (EUAs) on an ongoing basis,…
Regulatory Compliance Getting More Complicated for Ship Owners in the EU
Shipping industry regulations are about to get more complex in the EU region, with the introduction of FuelEU legislation. In its latest weekly report, shipbroker Gibson said that “with the shipping markets still getting used to the Emissions trading scheme (ETS), the next major piece of EU legislation is on the horizon. FuelEU serves as…
Getting practical on EU ETS compliance
The question of who pays and the operational basics on how to set up EU Emission Trading Scheme (ETS) accounts still need to be answered as the industry draws ever closer to the January 1, 2024, compliance deadline. Experts at a Baltic Exchange Dry Cargo Forum, supported by the FFA Brokers Association (FFABA), highlighted the…
Coach Solutions unveils EU ETS monitoring tool for simplified compliance
Coach Solutions, a leading provider of vessel optimisation solutions has launched a reporting tool designed to help owners and operators manage their fleets trading under the EU Emissions Trading System (EU ETS). The software tool provides stakeholders with the ability to understand EU ETS carbon emissions related to specific vessels and time periods, providing a…
