Regulatory Updates

• According to Lloyd’s Register, the European Union’s Monitoring, Reporting and Verification Regulation (EU MRV) was revised in 2023 to incorporate shipping into the EU Emissions Trading System (EU ETS).
• This revised scope includes offshore vessels of 400 gross tonnage (GT) or above, as well as general cargo ships between 400 GT and 5,000 GT.
• From January 1, 2025, these ships are required to meet MRV obligations. As a result, monitoring plans for applicable vessels must be developed and verified...

https://mfame.guru/revised-eu-mrv-and-ets-shipping-regulations-scope-requirements-and-compliance/

A.P. Moller-Maersk A/S, one of the world’s largest shipping companies, expects the International Maritime Organization (IMO) to approve a charge on vessels’ greenhouse gas (GHG) emissions by 2025. This potential new regulation is part of ongoing efforts to curb emissions from the shipping sector, which releases approximately one billion tons of carbon dioxide annually.

At recent IMO talks in London, member nations made progress toward developing...

https://mfame.guru/maersk-anticipates-global-shipping-emissions-charge-by-2025/

• China, Saudi Arabia, and the UAE question the reliability of the UNCTAD impact report.
• They argue for using TtW emissions instead of WtW emissions for setting IMO’s mid-term measures.
• They highlight issues with the availability of future technologies like e-fuels and onboard carbon capture.

China, Saudi Arabia, and the UAE have expressed concerns about the UNCTAD impact assessment report, calling it “unconvincing and misleading.” They argue that the report’s conclusions are flawed and should...

https://mfame.guru/china-saudi-arabia-uae-challenge-unctad-report-on-ghg-emissions/

• The Panama Canal Authority increased the maximum draught for Neopanamax vessels to 50 feet, with 36 total daily transit slots starting September 1.  
• These adjustments aim to restore normal operations following a drought that lowered water levels in Lake Gatun.  
• The canal, celebrating its 110th anniversary, is vital for global trade, linking over 1,900 ports and handling about 6% of world seaborne trade.

The Panama Canal Authority (ACP) has notified shipping lines that the maximum draught for...

https://mfame.guru/panama-canal-adjust-maximum-draught-to-50-feet-and-transit-quota-for-vessels/

The International Ship and Port Facility Security (ISPS) Code is a critical regulation aimed at enhancing maritime security by safeguarding ships, ports, cargo, and crew from potential threats, such as terrorism and piracy. Developed by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) Convention, the ISPS Code was implemented on July 1, 2004, and applies to ships on international voyages and port facilities serving such ships.

T...

https://mfame.guru/the-isps-code-strengthening-maritime-security-and-safety-worldwide/

As the global community grapples with the urgent need to reduce greenhouse gas (GHG) emissions, the International Maritime Organization (IMO) faces the daunting task of translating ambitious goals into concrete regulations. The Revised GHG Strategy, agreed upon in principle, outlines the adoption of both a GHG Fuel Standard and a GHG pricing regulation. However, the devil lies in the details, and reaching a consensus on these specifics is no small feat.

https://mfame.guru/insights-from-iswg-ghg-16-clarifications-and-complexities/

The IMO should include an adjustment factor for CII calculation, carbon capture used during fuel production and mass-balance accounting in its LCA framework, Methanol Institute (MI) proposed, says an article published on engine online website.

• The Methanol Institute (MI) proposes adjustments to the Carbon Intensity Indicator (CII) formula, suggesting the inclusion of methane and nitrous oxide emissions in CII calculations, alongside establishing default emission levels for various bunker...

https://mfame.guru/methanol-institutes-proposal-for-imos-lca-guidelines/