Shipping Business


Environmental and


regulatory compliance dominate the shipping horizon for 2025


By Global Co-head of Shipping, partner Philip Roche, and Client Knowledge Director Kelli Bodal Hansen at Norton Rose Fulbright.


Philip Roche ESG regulatory developments 2025


The two main legislative developments in the EU which will have an impact for many in the industry in the year to come are: the expansion of the EU ETS and the introduction of the FUEM.


EU ETS


From January 2025, the scope of the EU ETS expanded further to include offshore vessels over 5,000 GT which call at EU ports. New challenges also remain for the vessels which have been subject to the EU ETS since 2024 in the next stage of compliance with the scheme: the emissions data for the 2024 year must be reported on and verified, by an accredited verifier, by 31 March 2025. Shipowners and operators then have nearly six months – until 30 September 2025 – to submit the number of EUAs required to cover their emissions for 2024. Failure to do so can result in financial penalties. Those responsible for ETS compliance will need to make sure that they are well prepared to the meet these deadlines. 2025 will also see the percentage of emissions for which EUAs must be purchased rise to 70%.


FuelEU Maritime (FUEM)


From 1 January 2025, all ships – regardless of their flag state – over 5000 gross tonnes (GT) which call at a port within the EU will be subject to the FEUM.


Ship owners and operators will be required to calculate the yearly greenhouse gas intensity of the energy they use, and this should not exceed the limits set by the regulation. The FUEM then requires that greenhouse gas (GHG) emissions from eligible ships are reduced incrementally as against the baseline set out in the legislation.


54 | ISSUE 111 | MAR 2025 | THE REPORT


Kelli Bodal Hansen


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