New Regulation: FuelEU Maritime Comes into Force on 1 January

FuelEU Maritime is part of the EU’s climate legislation package, “Fit for 55.” The new rules aim to significantly reduce CO2 emissions from shipping. The regulation not only seeks to lower the sector's carbon footprint but also to create incentives for the development and use of alternative fuels that support a more en­viron­men­tal­ly friendly transition for the entire maritime industry.

"The EU has ambitious climate goals, which we at Danish Shipping fully support. I am confident that Danish shipping companies are well-prepared for the new EU requirements. Danish shipping companies are already investing heavily in green ships, fuels, and technologies that can reduce fuel consumption and improve energy efficiency," said Nina Porst, Director of Climate, Environment, and Safety at Danish Shipping.

FuelEU Maritime is the latest addition to the EU's regulation of the shipping industry. On 1 January 2024, shipping was included in the EU Emissions Trading System (ETS). Allowances for permitted emissions will be gradually reduced, making it increasingly expensive for companies to emit greenhouse gases.

"I hope FuelEU Maritime can help drive both the demand for and production of green fuels for shipping. Currently, the lack of green fuels at competitive prices is the biggest challenge for the green transition of shipping. Additionally, it is important to emphasise that while the EU’s regulation of shipping emissions is undoubtedly a step in the right direction towards climate neutrality, it is crucial that EU countries also push for international rules within the IMO, applicable regardless of where ships operate," said Nina Porst.

Read more on the European Commission’s website here.

And on the Danish Shipping website here (for members).