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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.