VARUNA MARINE SERVICES LAUNCHES FUELEU MARITIME COMPLIANCE PRODUCT

Netherlands based, Varuna Marine Services, a provider of maritime solutions, has launched a product designed to support compliance with the FuelEU Maritime initiative at the SMM Hamburg 2024 event. Varuna Marine Services' FuelEU Maritime solution is integrated into CyberSmart platform, its flagship platform. Through this platform, Varuna Marine Services the company leverages AI and machine learning to streamline maritime operations, ensuring that vessels meet the stringent regulation criteria. CyberSmart offers features for optimized fuel management, real-time emissions monitoring, and advanced data analytics.

Additionally, through its integration with DNV's Veracity Partner program, the company offers data management and verification services, essential for accurate compliance reporting.

The FuelEU Maritime regulation, a part of the European Green Deal, has set ambitious targets for reducing the carbon emissions through shipping fuels by 55% in the next five to six years.

The significant European Union regulatory framework aims to reduce greenhouse gas (GHG) emissions within the maritime industry, and this launch underscores the company's ongoing commitment to sustainability and decarbonization.

It mandates that ships calling at European ports progressively increase their use of cleaner fuels, thus reducing their overall carbon footprint. The regulation applies to all ships of 5,000 gross tonnage and above, irrespective of the flag they fly, covering 90% of the GHG emissions from the maritime sector. The targeted approach will ensure that the greenhouse gas intensity of fuels used in the Maritime sector will gradually decrease over time, starting with a 2% decrease by 2025 and reaching up to an 80% reduction by 2050.

Sanjeev Wewerinke-Singh, Director, Varuna Marine Services said,  “We see FuelEU as a milestone in the journey towards sustainable shipping. Our new product, launched at SMM Hamburg 2024, is specifically designed to help our clients navigate the complexities of this regulation. It not only pushes for cleaner fuel alternatives but also encourages innovation across the maritime industry. This launch complements our mission to provide cutting-edge solutions that help our clients meet regulatory requirements while enhancing their operational efficiency”.