The deadline of 31 March 2025 for submitting verified maritime emissions reports under the Maritime EU Emissions Trading Scheme (“EU ETS”), which commenced last year, is fast approaching and most shipping companies will inadvertently find themselves to be non-compliant once the deadline hits.
We will be hosting a Fuel EU Maritime Seminar where regulatory specialists Nick Walker and Valentina Keys will be joined by maritime stakeholders to discuss key FEMREG risks and opportunities.
Shipping companies are now subject to the expanded European Emissions Trading Scheme and FuelEU Maritime regulation (otherwise referred to as FEMREG) and tasked with formulating more efficient fuel and route compliance strategies.
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
On 17 November 2022 Bimco unveiled its long-awaited CII Operations Clause for Time Charter Parties. This article explores what the clause does and doesn’t achieve.
In this article we summarise the CII framework, explain where this fits in the wider IMO decarbonisation agenda and ask whether CII can really work and survive in its current form.
In this series, our multidisciplinary London team will dive into the detail of policies in each of the sectors covered by the Net Zero Strategy and what they mean for industry stakeholders.
Does the UK’s Net Zero Strategy deliver on its aim to go “further and faster to tackle climate change”? Is it a “step up” and “first of a kind”?
In this brief update, we consider how leaked amendments to the draft EU Maritime Emissions Trading System (ETS) proposal could impact the apportionment of ETS costs and liabilities in the maritime sector.