by Ossi Mettälä, Product Manager, NAPA Shipping Solutions
FuelEU Maritime might be the new kid on the block, but it has teeth and will bite.
Coming into effect at the start of 2025, the Regulation is part of the EU's Fit for 55 toolkit to help the block achieve climate neutrality by mid-century.
Representing a new age of legislation, FuelEU Maritime provides clear incentives for change, not only through high financial penalties for non-compliance but also by shifting calculations on asset value.
If the industry needed any more reason to transition to alternative fuels, look no further.