Oceanscore in news
May 29, 2024FuelEU for thought: new regulation leaves DoC holder with fuel liabilities risk, says OceanScore
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties – contrary to the ‘polluter pays’ principle, according to OceanScore.Read article
May 28, 2024Greek shipping getting to grips with EU ETS compliance issues amid mounting emissions costs, says OceanScore
Validation of voyage emissions data and contractual arrangements for allocation of EU ETS costs remain key challenges for Greek shipowners as they face an estimated total €335m bill this year, potentially rising to €1bn once the regulation is fully implemented, according to OceanScore.Read article
April 24, 2024‘Big opportunity’ for bunker traders, suppliers on upcoming FuelEU regulation, forecasts OceanScore
‘Fossil Methanol is disastrous from a well-to-tank perspective due to its low energy efficiency but many biofuels present certain advantages,’ shares Albrecht Grell.Read article
April 11, 2024Shippers will have foot the final bill for greener shipping
Carriers will have to rely on cargo-owners’ willingness to pay a healthy surcharge for greener shipping, in order to recover the cost of ‘significantly more expensive’ green methanol fuel.Read article
April 10, 2024Singapore’s EU ETS liabilities of €330m can accelerate green shipping initiatives, says OceanScore
Singapore-registered vessels will be required to contribute a significant €330m share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for global trade and decarbonisation, according to OceanScore.Read article
April 9, 2024Issue of decarbonisation to dominate talks at SMW
But much of the industry remains preoccupied with the newly implemented European Union Emissions Trading Scheme, and would prefer a simple levy on bunker consumptionRead article
April 4, 2024Albrecht Grell: Würde ETS-Klauseln schnell klären, wenn ich Reeder wäre
Albrecht Grell, einer der Geschäftsführer von OceanScore, verrät im aktuellen HANSA Podcast, was Reedereien jetzt im Hinblick auf den EU-Emissionshandel unternehmen sollten und was das Hamburger Unternehmen mit seiner EU-ETS-Lösung als nächstes vorhat.Read article-
March 27, 2024
OceanScore identifies EU ETS best practice to tackle ‘strategy gaps’ on compliance
Many shipping companies are still striving to define their strategy for EU ETS compliance some 90 days after implementation of the complex regulation, according to OceanScore, as it leverages lessons learned from clients to date to define best practice.Read article 
March 15, 2024CEO of Hapag-Lloyd, one of world’s top ocean shippers, says the outlook has changed for the global economy
While the Red Sea issues have resulted in a shipping container rate spike, Hapag-Lloyd is forecasting a decrease in its earnings this year as costs increase related to the trade diversions from the Red Sea.Read article
March 13, 2024Cape diversions see box shipping EU ETS outlays leap by 191%
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the recently introduced emissions trading scheme for shipping created by the European Union (EU ETS) as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to Hamburg-based maritime technology firm OceanScore.Read article
March 12, 2024Rerouting pushing up ETS bill for containership operators
Container lines have increased sailing speeds to maintain schedules on the longer routing around the Cape of Good Hope. But the extra fuel burn will mean higher emissions costs for voyages to EuropeRead article
March 12, 2024OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis
Persistent missile attacks by Houthi on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to OceanScore.Read article
March 12, 2024GLOBAL: CAPE OF GOOD HOPE DIVERSIONS PUSH UP EU ETS COSTS
Vessel operators switching to Cape of Good Hope routes to avoid the volatile Red Sea region could see a near tripling of their EU Emissions Trading System (ETS) liabilities, says maritime data analysis company Oceanscore.Read article
March 8, 2024Red Sea crisis triples EU carbon credit costs for container ships
Liner operators pay more as vessels speed up on longer journeys The cost of liner companies’ European Union carbon credits will triple because of diversions around Africa, according to OceanScore.Read article-
March 1, 2024
EU ETS could be a new trading market for ‘a bit of a gamble’
Maritime stakeholders operating under the EU ETS could be tempted to stock up on EUAs when the auction price is low, and even trade them for profit – but it could be a risky strategy.Read article 
February 23, 2024Asian shipowners face hefty emissions liabilities of €1bn for EU-bound voyages, according to OceanScore
Asian ships sailing to Europe could incur huge costs once the EU ETS is fully implemented. Companies in China and Singapore will be particularly affected.Read article-
February 22, 2024
Asian shipowners face hefty emissions liabilities of €1bn for EU-bound voyages, according to OceanScore
Asian shipowners face hefty emissions liabilities of €1bn for EU-bound voyages, according to OceanScoreRead article -
November 27, 2023
Shipping companies must manage financial balancing act on EU ETS tightrope, says OceanScore
HMM slaps emissions scheme surcharge of up to $67 on boxes. South Korean owner joins other big lines in seeking to pass on ‘significant’ cost of European levyRead article 
November 24, 2023Challenges still lie ahead with EU ETS for shipping
Implementation of the EU Emissions Trading System (EU ETS) for shipping is still creating challenges for the industry with some parts of the legislation yet to be enacted and decisions to be made on who will be responsible for paying the charges still undecided.Read article-
November 24, 2023
Container lines to bear brunt of $7bn European emissions scheme cost
Container lines to bear brunt of $7bn European emissions scheme cost. More than one-quarter of emissions allowances will be paid by the liner sector, but how?Read article -
November 23, 2023
How to make ‘the polluter’ pay as more carriers unveil ETS estimates
With the entry of the EU’s Emissions Trading System (ETS) into law just over a month away, shipping interests are increasingly grappling with how to apply ‘the polluter pays’ principle.Read article -
October 5, 2023
Trading places: shipping must manage new financial risks with transition to EU ETS, says OceanScore
Everyone, it seems, is going to be confused about the EC’s forthcoming emissions trading system (ETS): judging by the initial “stick a finger in the air to see which way the wind is blowing” attempt by Maersk and Hapag-Lloyd to calculate possible surcharge levels (and the complete silence from their peers), shipping lines have the vaguest of vague notions.Read article -
August 31, 2023
OceanScore and RWE team up to mitigate shipping emissions risk with EU ETS management solution
Als neuer Anbieter für datenbasierte Dienste zur Emissionsüberwachung startet OceanScore in Hamburg. Mit dem Energiekonzern RWE ist ein starker Partner an Bord.Read article -
August 7, 2023
OceanScore’s ESG Solution and sustainability data platform score highly with new investors
Aponte and Schoeller back sustainability performance start-up An AI-driven performance monitoring platform has received significant backing from industry heavyweights. OceanScore will provide better visibility on ESG metrics as compliance tightensRead article
