The integration of the shipping sector into the European Union Emissions Trading System (EU-ETS) brings substantial costs and compliance challenges for ship owners and Rapallo, Italy, headquartered fleet performance solutions specialist Oceanly warns that, without proper management, owners could face considerable financial liabilities.
As from January 1, 2024, ship owners are required to purchase emission allowances for the CO2 their vessels emit. With the current EU Allowance (EUA) price hoverin...