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As the FuelEU Maritime regulation looms, shipping companies face rising penalties for falling short of carbon intensity reduction targets and stakeholders weigh up the lowest cost of compliance.
The regulation, coming into force on 1 January 2025, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five years.
The GHG intensity requirement applies to all energy used on voyages and port calls within the EU, and 50% of voyages in and ...
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