Monday, October 28, 2024

Call to action on Fuel EU compliance | Marine Mantra

The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry, as it continues on its path to net zero. As part of the EU’s Fit to 55 package, FuelEU aims to accelerate the decarbonisation of maritime operations through increasingly stringent emission targets and penalties.

A briefing note from Norton Rose Fulbright partner Philip Roche and client knowledge director Kelli Bodal Hansen states that there is “much for shipowners and operators to consider” on FuelEU. “There is a misconception that the EU ETS is a charterers’ problem and FuelEU is an owners’ problem,” they say. “But the position is more complex than this and FuelEU compliance is an issue which owners, charterers, ship managers and others will all have to face in the coming months.”

The regulation clearly states that the Document of Compliance (DOC) holder is solely responsible for FuelEU compliance. This places a significant burden on ship managers, who may have limited control over operational decisions affecting emissions.

Shipowners, charterers, and ship managers must carefully review their contracts to address FuelEU compliance.

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