World News
Zero44 Launches FuelEU Maritime Compliance Tool
CO2 management software firm Zero44 has launched a tool helping shipping companies to analyse the impact of complying with the FuelEU Maritime regulation that comes into effect next year.
The company's FuelEU Maritime Calculator sets out the financial impact of the regulation for shipping firms, Zero44 said in an emailed statement this week.
The regulation comes into effect from January 2025, seeking to reduce the carbon intensity of European shipping by mandating a percentage of companies' marine energy use that must come from sustainable sources.
"There is already a lot of information available on FuelEU Maritime, but it is mostly of a technical, regulatory or scientific nature," Zero44 said in the statement.
"In contrast, it has been difficult for companies to get a concrete idea of how FuelEU Maritime will affect their business.
"That's why zero44 has developed the FuelEU Maritime calculator and is making it available to all interested parties free of charge.
"Users simply enter the annual fuel consumption (divided into HFO, LFO, MDO/MGO, LNG and biodiesel) of a ship and its exposure to EU regulation.
"The tool then calculates the resulting greenhouse gas intensity and the penalties to be expected."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.