Zero44 Archives - The Loadstar Making sense of the supply chain Tue, 05 Nov 2024 12:29:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 How to avoid ‘a wave of regulatory pain’ from Fuel EU Maritime rules https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/ https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/#respond Tue, 05 Nov 2024 11:47:53 +0000 https://theloadstar.com/?p=284294 Companies need to be prepared for the introduction of FuelEU Maritime in less than two months – those without updated digital solutions could find themselves riding “a wave of regulatory pain”, according to director of performance at smart shipping innovation platform Navtor, Jacob Clausen. 
The regulation, coming into force on 1 January, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five ...

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]]> https://theloadstar.com/how-to-avoid-a-wave-of-regulatory-pain-from-fuel-eu-maritime-rules/feed/ 0 284294 Shipping must go greener or pay the penalty under new FuelEU Maritime rule https://theloadstar.com/shipping-must-go-greener-or-pay-the-penalty-under-fueleu-maritime-rule/ https://theloadstar.com/shipping-must-go-greener-or-pay-the-penalty-under-fueleu-maritime-rule/#respond Fri, 16 Aug 2024 10:23:04 +0000 https://theloadstar.com/?p=278606 As the FuelEU Maritime regulation looms, shipping companies face rising penalties for falling short of carbon intensity reduction targets and stakeholders weigh up the lowest cost of compliance. 
The regulation, coming into force on 1 January 2025, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five years. 
The GHG intensity requirement applies to all energy used on voyages and port ...

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]]> https://theloadstar.com/shipping-must-go-greener-or-pay-the-penalty-under-fueleu-maritime-rule/feed/ 0 278606 Vessel pooling could halve costs of compliance with looming FuelEU regulation https://theloadstar.com/vessel-pooling-could-halve-costs-of-compliance-with-looming-fueleu-regulation/ https://theloadstar.com/vessel-pooling-could-halve-costs-of-compliance-with-looming-fueleu-regulation/#respond Tue, 09 Jul 2024 12:43:39 +0000 https://theloadstar.com/?p=276134 The looming FuelEU Maritime regulation will pose significant challenges and extra costs for the shipping industry, and ways to mitigate this won’t come cheap.  
The regulation, coming into force on 1 January, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five years.
The GHG intensity requirement applies to 100% of energy used on voyages and port calls within ...

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]]> https://theloadstar.com/vessel-pooling-could-halve-costs-of-compliance-with-looming-fueleu-regulation/feed/ 0 276134 More EU ‘greener shipping’ regulations loom, with ‘significant’ penalties https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/ https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/#respond Thu, 16 May 2024 12:28:05 +0000 https://theloadstar.com/?p=272089 Shipping companies should start preparing now for the FuelEU Maritime regulation, as the deadline for submitting plans to monitor fuel type and consumption looms, warned the co-MD of maritime technology specialist OceanScore, Albrecht Grell.  
FuelEU is part of the European Union’s Fit for 55 package, aiming to increase the use of renewable and low-carbon fuels in the shipping sector. 
It demands that energy used by ships of more than 5,000 gross ...

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]]> https://theloadstar.com/more-eu-greener-shipping-regulations-loom-with-significant-penalties/feed/ 0 272089 Shippers will have to foot the final bill for ‘greener’ shipping https://theloadstar.com/shippers-will-have-to-foot-the-final-bill-for-greener-shipping/ https://theloadstar.com/shippers-will-have-to-foot-the-final-bill-for-greener-shipping/#comments Thu, 11 Apr 2024 12:42:57 +0000 https://theloadstar.com/?p=269215 Carriers will have to rely on cargo-owners’ willingness to pay a healthy surcharge for greener shipping, in order to recover the cost of ‘significantly more expensive’ green methanol fuel. 
Yesterday, Alphaliner reported that carriers could sell ‘green slots’ on conventionally fuelled vessels, on condition they do not sell more ‘green teu miles’ than those actually created on carbon neutral ships.  
In other words, if a carrier had just one ship of ...

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]]> https://theloadstar.com/shippers-will-have-to-foot-the-final-bill-for-greener-shipping/feed/ 1 269215 zero44 releases FuelEU Maritime Calculator https://theloadstar.com/zero44-releases-the-publicly-available-fueleu-maritime-calculator/ https://theloadstar.com/zero44-releases-the-publicly-available-fueleu-maritime-calculator/#respond Wed, 20 Mar 2024 11:13:16 +0000 https://theloadstar.com/?p=267626 PRESS RELEASE
Berlin, 20 March 2024 – zero44, provider of digital CO2 management solutions, has today released its “FuelEU Maritime Calculator”. zero44 has developed this tool to enable shipping companies to quickly and easily understand the financial impact that the planned FuelEU Maritime regulation will have on their business. The results are estimates and not binding, but provide a good initial basis for dealing with the costs and cost factors of ...

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]]> https://theloadstar.com/zero44-releases-the-publicly-available-fueleu-maritime-calculator/feed/ 0 267626 EU ETS could be a new trading market for ‘a bit of a gamble’ https://theloadstar.com/eu-ets-could-be-a-new-trading-market-for-a-bit-of-a-gamble/ https://theloadstar.com/eu-ets-could-be-a-new-trading-market-for-a-bit-of-a-gamble/#respond Fri, 01 Mar 2024 11:19:23 +0000 https://theloadstar.com/?p=266262 Maritime stakeholders operating under the EU ETS could be tempted to stock up on EUAs when the auction price is low, and even trade them for profit – but it could be a risky strategy.  
The EU Emissions Trading System came into effect on 1 January, requiring vessel owners to buy EU allowances (EUAs) that correspond with the per-tonne carbon emissions of their ships that call at EU ports. They ...

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]]> https://theloadstar.com/eu-ets-could-be-a-new-trading-market-for-a-bit-of-a-gamble/feed/ 0 266262 Red tape and emissions trading: ETS hits non-EU shipowners hard https://theloadstar.com/red-tape-and-emissions-trading-ets-hits-non-eu-shipowners-hard/ https://theloadstar.com/red-tape-and-emissions-trading-ets-hits-non-eu-shipowners-hard/#respond Thu, 22 Feb 2024 13:16:36 +0000 https://theloadstar.com/?p=265765 Asian shipowners are likely to be hit the hardest by the cost of the EU ETS, with companies registered in China and Singapore bearing the highest burden. 
ETS management platform OceanScore estimated that, once the EU Emissions Trading System was fully implemented, in 2026, shipowners operating voyages to Europe would face emissions liabilities of over €1bn.  
The EU ETS came into effect on 1 January, requiring vessel owners to buy EU ...

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]]> https://theloadstar.com/red-tape-and-emissions-trading-ets-hits-non-eu-shipowners-hard/feed/ 0 265765 Not all shipowners able to trade EUAs, despite EU ETS already in effect https://theloadstar.com/not-all-shipowners-able-to-trade-euas-despite-eu-ets-already-in-effect/ https://theloadstar.com/not-all-shipowners-able-to-trade-euas-despite-eu-ets-already-in-effect/#respond Thu, 25 Jan 2024 12:48:47 +0000 https://theloadstar.com/?p=263624 The EU ETS won’t be smooth sailing for shipowners facing waves of extra administration.  
Despite the EU’s new emission regulation coming into effect this month, Friederike Hesse, MD of ETS management platform Zero44, said “most companies are not yet prepared”, and there was a series of complex issues yet to be ironed out.  
The EU ETS came into effect on 1 January, requiring owners to pay for EU allowances (EUAs) ...

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