In less than two months’ time the Fuel EU Maritime Regulation will come into force. The European Commission is claiming that it’s the first legislation of its kind globally, but it seems clear that even the Commission doesn’t quite understand how it will work in practice, or the impacts it could have on the shipping industry.
We hosted a Fuel EU Maritime Seminar where regulatory specialists Nick Walker and Valentina Keys were joined by maritime stakeholders to discuss key FEMREG risks and opportunities, how best to prepare and how to secure maximum contractual protection.
speakers
- Hugo Wilson – Director – Hecla Emissions Management
- Helge Hermundsgård – Business Development Manager – DNV
- Valerie Ahrens – Senior Director New Fuels & Carbon Markets – Bunker Holding Group
- James Helliwell – Decarbonisation Manager – V Ships
FEMREG’s overarching purpose is to accelerate the use of renewable and low-carbon fuels in shipping. FEMREG is intended to complement the EU Emissions Trading Scheme for maritime which came into force on 1 January 2024 and is specifically structured to promote reduction of GHG intensity of ships arriving at, staying in or departing from an EU/ European Economic Area (“EEA”) port.
FEMREG will start to apply from 1 January 2025. It is therefore imperative to understand now how best to prepare.
Listen to Nick and Valentina’s recent TradeWinds podcast episode on FEMREG below:
