Monitoring, Control & Digitalisation

Oceanly unveils EU ETS tool

2024-06-26T14:20:00

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Fleet management company, Oceanly, has developed a tool to help ship owners manage their liability under the upcoming EU-ETS regulation

As of 1 January this year, the shipping sector is bound by the European Union Emissions Trading System (EU-ETS), meaning they will need to buy allowances based on how much CO2 their vessels emit.

With the current EU allowance (EUA) price hovering around €70 per tonne, the financial impact can be substantial, particularly as the amount shippers must cover rises from the initial 40% to 100% in 2026.

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