€175 million in FuelEU Maritime penalties looming for Greek companies

Greek shipping companies are set to face a total bill of more than €175 million in penalties incurred under FuelEU Maritime after it takes effect next year. However, they can also capitalise on the use of alternative fuels both to curb their financial exposure and generate compliance surpluses, according to OceanScore. It has calculated the prospective FuelEU exposure for more than 370 Greek-registered companies based on the average GHG intensity of their past voyages.