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Alibra Shipping outlines limits and pitfalls of FuelEU ship pooling plan

Home | Press | Alibra Shipping outlines limits and pitfalls of FuelEU ship pooling plan

Alibra Shipping believes complex system could lead to disputes over what happens when penalties are levied.

“In theory, you could have one ship that has very low carbon emissions pooling with [four] ships that do nothing to lower emissions and the average figure for these five ships would pass,” Alibra Shipping said.

Trade Winds Mast Head

Alibra Shipping believes complex system could lead to disputes over what happens when penalties are levied

Alibra Shipping has a warning for owners hoping to pool ships to meet the requirements of Europe’s FuelEU Maritime Initiative.

The decarbonisation scheme enters into force in 2025, but there is work for companies to do now ahead of that date. The first step for shipowners will be to submit an emissions monitoring plan by 31 August 2024.

They will be required to monitor both the type and amount of energy used, in port and at sea. This includes well-to-wake emission factors for all fuels. Emissions data must be submitted to the verifier by 31 January each year.

Three months after that, shipowners will receive a report from the verifier and have to pay any applicable penalties, before receiving the year’s FuelEU certificate at the end of June.

Mr Giuseppe Rosano of Alibra Shipping
Mr Giuseppe Rosano of Alibra Shipping

“In theory, you could have one ship that has very low carbon emissions pooling with [four] ships that do nothing to lower emissions and the average figure for these five ships would pass,” Alibra Shipping said.

All greenhouse gas emissions have to be independently audited by an approved company.

“It’s going to be interesting to see how this is going to work when smaller shipowners, in terms of number of ships, pool with other companies,” Alibra Shipping said.

How contracts are put together is crucial.

“Difficulties may arise when deciding who pays the fines and who is responsible for ratifying the whole issue,” Alibra Shipping said.

By Gary Dixon (London)

(Originally published at Tradewindsnews.com – 12 December 2023)