FuelEU overview
From 1 January 2025, the monitoring requirements of FuelEU Maritime (Regulation (EU) 2023/1805) apply for ships of 5,000GT and above carrying cargo or passengers into, between and out of EEA ports (the EU plus Norway and Iceland).
To learn more about the FuelEU Maritime regulation in general, the timetable for compliance and how FuelEU applies to particular ships on particular voyages. Please visit our FuelEU resource hub.
Monitoring plans required
FuelEU Monitoring Plan (MP) compilation and verification should now be underway for any ships already in scope of MRV, or for any ships planning to call at an EEA port for the first time from 1 January 2025.
How we can help
Lloyd’s Register (LR) can assist shipowners and operators with the generation and verification of your Monitoring Plans, using the Emissions Verifier digital application. To find out more on how Emissions Verifier can help you comply with regulatory requirements, please visit Emissions Verifier.
Next steps
From 1 January 2025, shipowners/operators will need to start collecting data on the energy usage onboard each ship in scope of FuelEU. Data collection should be aligned with the processes and procedures in the FuelEU Monitoring Plan.
Data should be collected over a whole year from 01 January to 31 December on a per voyage basis, compiling and submitting the total year’s data to LR by 31 January 2026 using Emissions Verifier. The annual data will be verified and used to calculate different annual aggregates, such as the yearly GHG intensity of the ship and the compliance balance, the latter of which is required for any applicable penalty calculations. Penalties are calculated and collected by the relevant Administering Authority.
Where a vessel is sold part way through a data collection year, the data collected remains with the vessel. The shipowner/operator responsible for compliance with FuelEU on 31 January each year is responsible for submitting all data to their verifier and pay any penalties due.
Manage your FuelEU exposure
LR OneOcean’s Risk Manager solution ensures your organisation can overcome the emerging regulatory challenges and effectively manage emissions. Launching in January 2025, Risk Manager FuelEU will ensure you can easily understand and manage your compliance status and strategy.
For more information
To learn more about how LR can support you through the first FuelEU data collection period and beyond, please visit our FuelEU resources hub or contact your account manager.
source: cyprusshippingnews.com
