Page 67 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - SEPT 2025

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The roughly 14% increase compared calling at EU ports are accelerating their an equivalent number of emission allow-
to 2023 is partly attributed to geopoliti- investments in energy-saving technol- ances (EUAs) by 30 April.
cal factors that forced a large number of ogies, utilising sustainable biofuels, The implementation will be gradual:
ships to bypass the Suez Canal, taking deploying alternative-fuelled vessels, in 2025, companies will pay for 40%
longer routes via the Cape of Good Hope. and applying advanced anti-fouling and of their 2024 emissions, in 2026 for
Of particular significance is the contain- low-friction hull coatings, all with the aim 70% of their 2025 emissions, and from
ership sector, which, despite account- of reducing emissions and complying 2027 onwards for 100% of their emis-
ing for only 16% of the vessels (21% in with the new stringent framework. The sions. The measure covers all emissions
terms of DWT capacity), is responsible agreement is considered a milestone from voyages between EU ports, 50%
for around 34% of total CO2 emissions. for global shipping, but also a difficult of emissions from international voyages
With the current EUA price at €70, challenge, as the path toward decarbon- to or from the EU, and 100% of emis-
Drewry estimates that the shipping isation requires significant investment, sions from ships at berth in EU ports.
industry will be required to pay around technological innovation, and interna- Non-compliant companies face a fine
$2.9 billion in the fall of 2025. When the tional cooperation. of €100 per tonne of CO2 not covered,
phase-in period ends in 2026 and the as well as the obligation to surrender the
measure is fully implemented, the annual Obligations and costs for shipping missing allowances the following year.
cost is expected to rise to around $7.5 Under the new regime, companies
billion. On average, each RoPax or pas- operating ships over 5,000 GT that call Slowdown in bulker and tanker
senger vessel will pay around $1 million at EU ports must monitor S&P activity in 2025
annually, while containerships will pay and record their emissions through the Since the start of the year, S&P activity
approximately $500,000 per year. MRV platform, submit verified data for bulk carriers and tankers has expe-
Facing rising costs, shipping companies by 31 March each year, and surrender rienced a slowdown compared to the

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