Oceanly unveils EU ETS tool

As of 1 January this year, the shipping sector is bound by the European Union Emissions Trading System, meaning they will need to buy allowances based on how much CO2 their vessels emit.

With the current EU allowance price hovering around €70 per tonne, the financial impact can be substantial, particularly as the amount shippers must cover rises from the initial 40% to 100% in 2026.

“The integration of shipping into the EU-ETS represents a major milestone in our industry’s sustainability journey,” said Matteo Barsotti, operations manager of Oceanly.

“However, ship owners could find themselves facing enormous emission bills if they do not proactively manage their emissions under the EU-ETS.

“These costs can escalate quickly so effective emissions management is essential not only for compliance but also for mitigating financial risks.”

To address this, the company’s Oceanly Performance tool automates the collection of essential data such as fuel consumption and voyage information to help owners optimise operations and remain compliant.

Oceanly reports that the tool not only reduces emissions; it can also reduce fuel use by an estimated 3% to 11% per vessel.

The tool provides real-time insights into carbon emissions, along with comprehensive reporting features, regulatory updates and access to technical, training and consultancy support.

“Oceanly Performance empowers ship owners to manage their emissions effectively, ensuring compliance and promoting energy efficiency,” said Barsotti.

“Oceanly is committed to supporting ship owners in meeting these new requirements and advancing towards a more sustainable future.”