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Business case for wind propulsion improves as decarbonisation rules kick in

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. Evidence provided by our members and sail technology companies show proven reductions of fuel and emissions …

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Worldscale Adopts ICE’s Benchmark EUA Carbon Pricing for its Tanker Freight Rates

Intercontinental Exchange, Inc., a leading global provider of technology and data, today announced that Worldscale Association Ltd (Worldscale), a leading provider of tanker freight rate references, has chosen ICE’s European Carbon Allowance (EUA) futures settlement price as the benchmark carbon price for calculating tanker freight rates in 2025. ICE’s EUA futures and options market is …

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OceanScore reviews BIMCO FuelEU Clause for Time Charter Parties

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 discussions with our customers, it’s clear there are still some gaps to be filled before we reach total cohesion. …

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