Navilands Group Selects ABS Wavesight for Digitalized FuelEU, EU ETS Compliance
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navilands Group to provide a single integrated platform to help streamline compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.Navilands will implement the Carbon Diligence suite, part of the new ABS Wavesight Advantage platform, across a selection of bulkers and containerships, with further expansion planned by year-end.As of January 1, 2025…
ABS Wavesight Platform Selected For Digitalized FuelEU, EU ETS Compliance
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data in preparation for EU submission deadlines. The ABS Wavesight platform offers a seamless experience that…
FuelEU Maritime: Smarter Compliance Could Unlock a $279 Million Upside for Shipping
As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around USD$279 million (€250 million), according to a recent analysis by maritime data and compliance firm OceanScore.OceanScore’s analysis focuses on the balance of GHG intensity compliance under FuelEU. The initial compliance deficit across vessels exceeding the regulation’s threshold is estimated at around 2.1 million metric tons (MT) of CO₂e…
Union Maritime Launches Wind-Assisted Ship With Norsepower Rotor Sails™
Union Maritime, a UK shipowner, has launched its first wind-assisted vessel, Buran, fitted with Norsepower Rotor Sails™ designed to harness wind energy and enhance fuel efficiency.Its launch marks a major milestone as the company seeks to expand its fleet with 34 wind-assisted ships, including six chemical tankers equipped with Norsepower Rotor Sails™. Once complete, Union Maritime will operate the largest fleet using this technology globally, with the rotor sails expected to generate up to 10% of each vessel’s annual energy needs from wind.
Blue Wasp Marine Unveils Pelican Suite Software
Wind assisted ship propulsion (WASP) pioneer Blue Wasp Marine announced the launch of its latest software tool, Pelican Suite, which will enable vessel owners, operators and charterers to assess and optimize a range of WASP solutions.Pelican Suite hosts a collection of tools to assess the suitability of WASP solutions, both pre- and post-installation. It provides important insights such as the probability that a certain rudder angle or grid load is exceeded, or which routes are more favorable for wind assistance.
Statu Shipping Deploys OrbitMI's Compliance Solutions Fleetwide
OrbitMI said that Istanbul-based Statu Shipping has deployed its compliance solutions across its fleet of 20 bulk carriers. Rather than handling compliance as a passive, post-voyage process, Statu Shipping can now monitor and manage compliance outcomes in real time, optimizing efficiency, reducing costs, and ensuring regulatory adherence throughout the voyage.By using Orbit’s compliance capabilities, Statu Shipping can simulate voyages to assess their impact on the Carbon Intensity Indicator (CII), estimate the number of EU Allowances (EUAs) required under the Emissions Trading System (ETS), and forecast FuelEU costs. Operators can configure real-time alerts on deviations in speed…
