Alibra Shipping warns that merely cutting fuel consumption won't be enough to comply with regulations such as the FuelEU Maritime initiative from 2025..
“Even if ships reduce fuel consumption, the average carbon factor measured by the FuelEU Maritime initiative will not reduce unless the fuel is changed or blended in with a more sustainable one” Alibra Shipping said.
London Brokerage Alibra Shipping tries to lessen the confusion for owners over new decarbonisation measures.
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.
“There is understandably some confusion and a lack of clear guidelines, which could slow down implementation,” Alibra Shipping said.
“Even if ships reduce fuel consumption, the average carbon factor measured by the FuelEU Maritime initiative will not reduce unless the fuel is changed or blended in with a more sustainable one,” we added.
“This is quite a significant change and something completely new for the industry, as certain ships have much more upstream carbon to factor in than downstream,” we said.
“This could have financial and environmental consequences, leading to carbon leakage, a change to the oil import/transportation landscape of Europe and revenue loss for the EU ETS,” Alibra said.
By Gary Dixon (London)
(Originally published at Tradewindsnews.com – 9 January 2024)