We facilitate buying and selling with competitive pricing and hedging strategies, leveraging our international network of counterparties to ensure your compliance under the EU ETS.
Although your fleet might not be able to become carbon neutral on its own, you can reduce its environmental impact using carbon offsetting and plastic removal projects. Aither offers an unparalleled international portfolio of environmental commodities to meet your environmental ambitions across APAC, LATAM, NA, SEA, and EMEA.
Aither’s structured solutions, made specifically for the shipping companies, can help you create sustainable strategies by offering environmental services to your leased fleet, building efficient synergies with your clients, and staying ahead of competitors.
Understanding the EU ETS, navigating its complexities, and adapting to its evolving requirements for the shipping sector.
Offsetting credits through strategic purchasing options with high-quality credits from verified projects allows shipping companies to mitigate their environmental impact.
Gaining insight into the key dynamics of the carbon market, including supply, demand, and pricing trends.
Creating an emissions reduction portfolio with top-notch strategies and solutions allows businesses to effectively minimize their carbon footprint, meet regulatory requirements, and enhance sustainability efforts.
FuelEU Maritime, applicable from 1 January 2025, is an EU regulation adopted under the “Fit for 55” legislative package, aimed at reducing greenhouse gas (GHG) emissions from maritime transport. The regulation introduces requirements to progressively reduce the GHG intensity of energy used by ships calling at EU ports.
Compliance with FuelEU Maritime may result in increased operational and fuel-related costs for shipping companies, which could have downstream impacts on freight rates and supply chains.
This initiative represents a key step in the EU’s strategy to support the gradual decarbonization of maritime fuels and the adoption of more sustainable practices across the maritime sector.
Pool Creation
Identification of surplus and deficit vessels, with compliant allocation logic.
Monitoring
Continuous tracking of positions throughout the compliance year.
Execution
Guidance on correct entries in THETIS-MRV and coordination with verifiers.
Surplus Matching
We find the right buyers for your surplus.
Negotiation
We secure the best price, volume, and timing for your vessels.
Settlement
We manage all financial and documentation details.
Providing tailored guidance to support the management and execution of contractual arrangements related to FuelEU compliance, ensuring alignment with regulatory and commercial requirements.
Our FAQ is designed to make it easier for Shipping Operators to understand the requirements and to take the appropriate actions under the EU ETS
As of April 18th, the European Council approved the final text for the inclusion of shipping under the EU ETS, starting from January 2024. The final legislative text is expected to be published on the European official Journal before the summer and will enter into force within 20 days from publication.
Yes. Ships calling at EU ports will be subject to the EU ETS, regardless of the flag and where the owner of the ship is incorporated. The EU ETS will apply to 100% of emissions from intra-EU voyages and emissions at berth in the EU. For voyages that start or end outside of the EU, 50% of emissions will be included in the EU ETS. Vessels below 5000 GT won’t be included from 2024.
Decarbonising Shipping – Compliance & Sustainable Solutions
The shipowner or any other organization or person who assumes responsibility for the operation of the ship is responsible for complying with the International Management Code for the Safe Operation of Ships and for Pollution Prevention, set out in Annex I to Regulation (EC) No 336/2006 of the European Parliament and of the Council.
For shipping companies registered outside the EU, the administering authority should be the Member State in which the shipping company has had the most port calls within the last two years. For shipping companies registered in a third country and which did not perform any voyage to/from the EU in the last two years, the authority should be the Member State from where the shipping company had terminated its first voyage under the ETS scope.
Yes, to participate in the EU Emissions Trading System (ETS), your shipping company must open an account in the Union Registry. You can request to open an account by submitting supporting documentation to your country’s national administrator who will collect and verify the information.
Ships subject to the EU ETS must use EU Allowance (EUA) certificates to account for their emissions. EUAs are certificates specifically created by the European Union for the ETS Scheme and can be obtained by various sectors such as industrial and aviation.
EUAs are regulated financial instruments under the MIFID II regulation. Licensed financial intermediaries who have direct access to official exchanges and the over-the-counter (OTC) markets can procure EUAs.
Cargo/passenger ships over 5000 G.t will be subject to a phase-in period of 40% in 2024, 70% in 2025, and 100% in 2026. Offshore vessels over 5000 G.t will be subject to a phase-in period of 100% in 2027. Cargo/passenger ships and offshore vessels between 400 and 5000 G.t will also be subject to a phase-in period of 100% in 2027.
The EU-MRV regulations refer to a regulation implemented by the EU in 2018 that requires ships with 5,000 gross tonnage or more, calling at EU ports, to monitor and report their fuel consumption and carbon dioxide emissions during EU-related voyages. This regulation is formally known as the Regulation (EU) 2015/757 and requires these ships to prepare a monitoring plan and an emission report that will be verified by an EU-accredited verifier.
Shipping companies must begin monitoring their emissions from January 1, 2024. The monitoring period ends on December 31, 2024, and emission verification must be completed by March 31, 2025. EUAs units for 2024 must be surrendered by September 30, 2025.
Failing to surrender yearly allowances will result in a penalty of 100 €/ton, the standard for EU ETS operators. If a shipping company fails to surrender allowances for two or more consecutive reporting periods, an expulsion order may be issued against the ships for which it is responsible. The Member State can detain the ships and deny them entry into ports under its jurisdiction, other than the flag state.
Our team can support you in the EU ETS, UK ETS, and CH ETS. We offer an unparalleled international portfolio of environmental commodities to meet your environmental ambitions.