Countdown to FuelEU Maritime

As the maritime industry grapples with reducing greenhouse gas emissions, we have seen a multitude of regulations intended to drive progress. Now we have the FuelEU Maritime Regulation, which introduces the concept of well-to-wake carbon equivalent emissions per megajoule of energy and it enters into force in January 2025.

On this episode of Setting Course, an ABS Podcast, Francesco Bellusci, Managing Director of Scorpio Ship Management, Ricardo Batista, Policy Officer with the European Commission’s DG-MOVE, and Stamatis Fradelos, ABS Vice President of Regulatory Affairs, join host Brad Cox, ABS, to discuss the implementation and challenges of FuelEU. The group discusses wind-assisted propulsion incentives, the role of carbon capture technology and the regulation’s emissions pooling mechanism.

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Key Points

• The FuelEU Maritime Regulation aims to decarbonize maritime transport by reducing carbon intensity and promoting the use of renewable fuels.
• Wind-assisted propulsion is seen as a technology that can contribute to emissions reduction and incentives for using it are included in the regulation.
• Carbon capture is not currently included in the regulation, but there is potential for its inclusion in the future.
• The pooling function in FuelEU incentivizes compliance and rewards overachievers by allowing companies to pool ships and trade surplus emissions.
• FuelEU is seen as a first step toward global implementation of a similar International Maritime Organization (IMO) regulation.
• Collaboration and dialogue among stakeholders are essential for the successful implementation of decarbonization measures in the maritime sector.

Guests
Francesco Bellusci is the Managing Director of Scorpio Ship Management. Francesco was Technical Director in Scorpio from 1995, Designated Person Ashore (DPA) from 1997 and was appointed General Manager in 2008. He has been the Managing Director since 2010. Francesco was instrumental for the success of Scorpio Tankers fleet renewal into ECO design and the transition from Scorpio Bulkers into Eneti Inc. and wind offshore renewable.

Ricardo Batista is a Policy Officer with the European Commission’s Directorate-General for Mobility and Transport (DG-MOVE), Maritime Transport unit. In the Commission, Ricardo is engaged in the development, negotiation and preparatory work for implementing the FuelEU Maritime Regulation under the Fit for 55 package. Before joining the European Commission, Ricardo worked in the European Maritime Safety Agency (EMSA), responsible for technical and scientific support to the Commission on several topics of ship safety and sustainability, with a focus on energy systems. Ricardo has previous experience as a Marine Engineer onboard naval ships and a Naval Architect involved with newbuild and retrofit works. He also has classification society experience.

Stamatis Fradelos is ABS Vice President of Regulatory Affairs. The Regulatory Affairs team interfaces with the IMO, flag Administrations and the International Association of Classification Societies (IACS), facilitating the application of regulations and maintaining ABS and clients’ awareness on regulatory issues being progressed and developed internationally. Stamatis is also a member of IACS board of directors, the IACS council and the IACS Sub-Committee on Quality Policy participating in IACS governance and strategic decisions.