Maritime-executive: How to Make Sure your Fleet is EU ETS compliant

Image: AXSMarine / Martime-Executive

Starting January 2024, the EU's Emission Trading System (ETS) will incorporate marine emissions, impacting shipping companies operating in EU ports. All vessels over 5,000 GRT will have their CO2 emissions counted towards the ETS cap, irrespective of their flag. Companies must purchase EU ETS emissions allowances for reported emissions. The phase-in period allows gradual compliance, reaching 100% by 2027. Challenges include monitoring emissions, submitting reports, and calculating CO2 costs. AXSMarine addresses these challenges with tailored tools within their AXSDry platform, estimating CO2 emissions, EUA 2024 cost, and freight impact per voyage. Their CII & CO2 dashboard provides a macro-level view, estimating costs and effects on freight rates, aiding shipping companies in EU ETS compliance.

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