{
  "id": 19877210,
  "title": "EU Emission Trading System applying to offshore vessels from 1 January 2027",
  "url": "https://urgent.news/2026/11/13/eu-emission-trading-system-applying-to-offshore-vessels-from-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T22:00:41.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/eu-emission-trading-system-applying-to-offshore-vessels-from-1-january-2027/"
  },
  "original_language": "en",
  "account": "Effective from January 1, 2027, the EU Emission Trading System (EU ETS) will encompass offshore vessels measuring 5,000 gross tons or larger. Prior to this date, the EU ETS already covered CO₂ emissions for offshore shipping. As of 2027, the system will also monitor methane (CH₄) and nitrous oxide (N₂O) emissions. Ships making commercial calls to ports within the European Economic Area (EEA) will be required to surrender EU Allowances (EUAs) for these emissions. However, non-commercial calls, such as obtaining supplies or taking shelter due to adverse weather, do not count as 'port calls' for EU ETS purposes. The term 'shipping company' refers to the shipowner, manager, or bareboat charterer responsible for the vessel's operation, who must assume all duties and responsibilities outlined in the International Safety Management (ISM) Code. By default, the registered shipowner is responsible for EU ETS compliance, though they may delegate this to an ISM company. Ship owners must surrender EUAs equal to their total emissions from the previous calendar year by September 30 of each year to comply. For the 2027 compliance period, EUAs must be obtained and surrendered by September 30, 2028. EUAs are issued for each ton of CO₂ equivalent emissions, with extra-EEA voyages requiring 50% of emissions to be compensated by EUAs, while intra-EEA voyages require 100% compensation. Shipping companies can buy EUAs through their Maritime Operator Holding Account (MOHA) or charterers can purchase them via their own trading accounts. Shipping companies outside the EEA must be assigned to a competent EEA administering authority, either by contracting with an ISM company already assigned to one or by being assigned based on their first voyage within the EU ETS scope.",
  "summary": "Introduction From 1 January 2027, the application of the EU ETS Directive (EU ETS)[2] will extend to include offshore vessels of 5,000 GT or above. Already, since 1 January 2026, the maritime scope of EU ETS has not only included CO₂ emissions alone, but also methane (CH₄) and nitrous oxide (N₂O) emission. So, from 2027 ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}