FuelEU Maritime comes into force in January 2025 and wind propulsion is currently the only technology with a reward factor under the regulation. Vessels will be credited using such technologies by reducing the GHG intensity of energy used onboard. Evid…
Business case for wind propulsion improves as decarbonisation rules kick in Read More »
On November 25, BIMCO released its much-anticipated clause for Time Charter (T/C) Parties under the FuelEU Maritime Regulation, marking a critical step toward industry alignment with decarbonization goals. As we review the clause and engage in discussi…
OceanScore reviews BIMCO FuelEU Clause for Time Charter Parties Read More »
Since the start of 2015, the International Maritime Organization (IMO) has restricted vessels travelling through designated Emission Control Areas (ECA) from using fuel oil bunkers with a sulphur content of over 0.1%. The designated zones include the B…
How will Emission Control Area changes affect fuel oil demand in the Mediterranean? Read More »
On 1 January 2025, the FuelEU Maritime Regulation will come into force. The regulation may require stakeholders to start taking measures now and the BIMCO FuelEU Maritime Clause for Time Charter Parties 2024 is developed to help stakeholders align thei…
BIMCO adopts FuelEU Maritime clause Read More »
Almost everything we own has been transported by ship at some point in its lifecycle. Research shows that around 80% of all goods are moved by ship. One of the consequences of transportation at this scale is that shipping as a sector is responsible for…