AHTI Climate has reported that material solutions company UPM and Bore Ltd, part of the Dutch shipping company Spliethoff Group, have joined Ahti Pool to support shipping decarbonisation operations and comply with the FuelEU Maritime regulation.
Ahti Climate claims that its FuelEU Maritime-compliant pooling model offers a solution for shipping operators to use and trade ultra-low-carbon fuels like e-methanol or bio-LNG, and to pool compliance for the rest of their fleet.
The FuelEU Maritime regulation came into force on January 1 with the goal of increasing the share of renewable and low-carbon fuels in the fuel mix of international maritime transport within the EU.
In essence, the regulation imposes higher costs on companies that continue to remain reliant on conventional fossil fuels, thereby incentivising a shift toward cleaner alternatives.
Since 2019, the Spliethoff Group and UPM have maintained a long-term charter agreement, which includes the deployment of dual-fuelled vessels by Bore Ltd – member of the Spliethoff Group – for UPM, according to Ahti Climate.
These vessels can run on both bio-LNG and conventional marine fuels.
As a member of Ahti Pool, all three of Bore’s ships will use bio-LNG and add their compliance into the pool.
“By welcoming UPM, we are not only expanding our network with highly recognised partners but also enabling UPM to achieve near net-zero carbon maritime transport on the routes where Bore’s ships operate at a competitive cost level,” said Risto-Juhani Kariranta, CEO of Ahti Pool.
Ahti claims that its proprietary service, Ahti Pool, is the world’s first FuelEU Maritime compliance pool.
It all began with a single spark of inspiration ignited by the FuelEU Maritime regulation.
Ahti said in an earlier statement that by “joining Ahti Pool a ship efficiently shares the compliance burden with other pool members, including over-compliant ships, and collectively benefits from the pool’s economies of scale.”
