The Norwegian Maritime Authority (NMA) has announced that FuelEU Maritime (FEUM) regulations may become applicable in Norway ‘earlier than previously expected’ – and could potentially enter into force ‘as early as the turn of the year’. FEUM – formally known as Regulation (EU) 2023/1805 (FuelEU Maritime) – entered into force in the European Union (EU) on 1 January 2025. The initial intention had been for FEUM to come into force simultaneously in the EU member states and the European Economic Area (EEA) and European Free Trade Association (EFTA) states – but Norway has so far not succeeded in securing its […]

On 1 December, the Bunkering Services Initiative (BSI), a voluntary collaboration which includes bunker buyers and fuel suppliers that collectively account for around 20% of bunker volumes in the Amsterdam-Rotterdam-Antwerp (ARA region), officially launched operations in the world’s second largest bunker market with a mission to strike out opacity and questionable fuel quality and quantity practices and set a ‘gold standard’ in fuel deliveries based on full information disclosure, digitalisation and standardisation. The formation of the BSI was initially disclosed in July with its founding partners including bp Marine, Cargill, Frontline, Hafnia, Hapag-Lloyd, Mercuria, Minerva Bunkering, Oldendorff, TFG Marine, Unifeeder […]

BIMCO’s Documentary Committee has adopted two clauses to manage compliance obligations under the EU’s Emissions Trading System (ETS) and FuelEU Maritime during the sale and purchase of vessels. The clauses define responsibilities, costs and data-sharing obligations of both parties under the two European regulations. The FuelEU Maritime clause outlines the seller’s responsibilities to ensure compliance at the time of delivery, including provisions on the disclosure of verified compliance balances for previous reporting periods. It also includes mechanisms for price adjustments based on positive or negative compliance balances, restrictions on borrowing advance compliance balance before delivery, as well as obligations for […]