FuelEU Maritime

GHG Intensity Compliance

Calculation based on

ESSF/SAPS WS1 — FuelEU Calculation Methodologies

Fleet is Non-Compliant

Fleet GHG Intensity: 91.53 gCO2eq/MJ | Target: 91.16 gCO2eq/MJ

Fleet GHG Intensity

91.53

gCO2eq/MJ (Well-to-Wake)

2024 Target

91.16

-2% from baseline

Compliance Gap

0.37

Above target

Vessels Reporting

4 total in fleet

Total Energy

215.96 MJ (M)

Energy consumed (Well-to-Wake)

Total Emissions

19,767

tonnes CO2eq

Compliance Balance

-80

Deficit (tonnes CO2eq)

Potential Penalty

€51,288

Non-compliance penalty

FuelEU GHG Intensity

Cumulative Year-to-Date

Fleet Fuel Consumption

Breakdown by Fuel Type

Fuel Type	Consumption (T)	Energy (MJ)	WtT	TtW	WtW	Share
Heavy Fuel Oil	4,945.3	200.28 MJ (M)	13.5	78.1	91.60	92.7%
Marine Gas Oil	367	15.67 MJ (M)	14.4	76.2	90.64	7.3%

WtT = Well-to-Tank, TtW = Tank-to-Wake, WtW = Well-to-Wake (all in gCO2eq/MJ)

Fleet Vessels

GHG Performance

Vessel	IMO	CO₂ (MT)	Distance (NM)	CII	Rating	EU ETS (MT)	ETS Cost
METAWEAVE STAR	9000001	48,847.8	99,947	9.56	C	3,550.6	€266,296
METAWEAVE WAVE	9000002	45,741	77,865	6.38	B	-	-
METAWEAVE OCEAN	9000003	6,387.8	7,657	8.32	E	-	-
one harbour sample	1234567	37.4	54	8.32	E	-	-

Reduction Pathway

FuelEU Maritime Targets

FuelEU Maritime requires progressively lower GHG intensity from 2025 to 2050. Baseline intensity: 91.16 gCO2eq/MJ.

Year	Reduction	Target (gCO2eq/MJ)
2025	-2%	89.34
2030	-6%	85.69
2035	-14.5%	77.94
2040	-31%	62.90
2045	-62%	34.64
2050	-80%	18.23

Compliance

Options

1. Use Low-Carbon FuelsSwitch to LNG, biofuels, e-fuels, or other renewable fuels with lower WtW emissions.

2. Banking & BorrowingBank compliance surplus for up to 2 years or borrow up to 2% from next year.

3. PoolingPool compliance with other ships to balance high and low performers.

4. Pay PenaltyPay €2,400 per tonne of VLSFO equivalent for the compliance gap.

Reference

Annex II WtW Emission Factors

Based on EU Regulation 2023/1805 Annex II default values (AR5 GWP)

HFO (Heavy Fuel Oil)~91.6 gCO2eq/MJ

LFO (Light Fuel Oil)~90.0 gCO2eq/MJ

MDO/MGO~90.8 gCO2eq/MJ

LNG (Otto MS)~82-88 gCO2eq/MJ

LNG (Diesel)~74-76 gCO2eq/MJ

Fossil Methanol~100.2 gCO2eq/MJ