Software providers partner to offer EU ETS compliance  

To comply with the ETS, shipping companies must surrender EU carbon allowances (EUAs) for every tonne of CO2 emitted on voyages from and to EU ports

Ships travelling within the EU will be required to pay for all emissions, while 50% of emissions will require compensation for vessels arriving and departing from EU ports on routes that originate or terminate in ports outside of the EU, respectively.

Market prices for EUAs are highly volatile and have fluctuated between €60 (US$65) and €100 per tonne of CO2 over the last 12 months and depending on the share of EU emissions, an average-sized vessel will face additional operating costs of up to €1M. 

Successful compliance with the system and management of the associated cost risk will require shipowners, managers, DoC holders, charterers, operators and cargo owners to agree on each party’s role and responsibility, adapt their mutual contracts accordingly and exchange data on a regular basis.

The partners believe Zero44’s software will help stakeholders to keep track of the flow of allowances and money and provide direct access to EUA trading and the Union Registry. For MariApps’ customers, the Zero44 software will integrate with smartOps - MariApps’ existing vessel performance data tool. 

"We are very excited about this partnership," said MariApps chief executive Sankar Ragavan. “We aim to offer the best value to all our customers by providing the most efficiently integrated digital solutions. Zero44, as a European partner with deep expertise in the specifics of the EU ETS, is a powerful extension to smartOps – our vessel performance solution suite.” 

Zero44 founder and chief executive Friederike Hesse added, "MariApps offers great services to their customers based on years of experience in improving processes in maritime with their digital solutions. It’s an important move for us to become their partner for EU ETS and to bring additional value to their customers." 

Both companies are starting to onboard customers for EU ETS now to prepare them for the first EU ETS trading period in January 2024. Their combined offering will be made available from Q4 2023. 

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