Most ports have the ambition to become carbon neutral by 2050. This typically excludes vessel emissions and focusses on Scope 1/2 port operations only. A significant portion of ports around the world have signed shore power declarations to ‘deploy shore-side electricity by 2028 where possible’, including all large North Sea ports, Los Angeles, Montreal and all large Japanese ports. Cruise and container vessels are the primary target for most ports’ regulations and EU will start taxing vessels via EU ETS from next year onwards.

Four out of the five largest shipping companies have the ambition to be carbon neutral by 2050. Most shipping companies focus on alternative fuels for combustion. Preferred fuels that are currently considered are (bio)LNG and methanol.

Virtually all energy majors have 2050 as target date for carbon neutrality. Most focus solely on Scope I and II emissions. Ørsted and Equinor have the highest ambitions and most stringent targets. Repsol, Eni, Shell, TotalEnergies and BP are following suit.

In the next four years, you will be faced with a carbon tax of €200 - €300 carbon tax per mT fuel, mandatory use of shore power and low carbon fuels due to a these five regulations: FuelEU Maritime, EU ETS, AFID, RED, ETD.

Almost all rules and regulations apply to large ships of 5.000 gross tonnage or more and will only start to significantly impact your operations and OPEX as per 2026. While some vessels remain exempt, it is to be expected all vessels will be subjected to severe carbon reduction requirements that will significantly impact operations and easily double operational costs of measures are not taken in time.