OceanScore sees growing demand in Asia

Hamburg-headquartered OceanScore officially opened its first office outside Europe in Singapore yesterday.

The new office is housed with the Singapore set-up of container ship charter and pool manager Blue Net Chartering, also headquartered in Hamburg.

OceanScore is seeing growth for its digital solutions to help owners with compliance with EU ETS and FuelEU Maritime which impact vessels trading into the European region from Asia.

“Our list of global clients is growing steadily in line with the industry’s pressing need to navigate the complexities of these new regulations. Establishing a presence in this leading maritime hub allows us to cater more effectively for our clientele in this region,” said OceanScore’s Managing Director Albrecht Grell.

OceanScore estimates a total EU ETS cost of nearly EUR 400 million for the 1,120  vessels registered in Singapore liable to pay the levy once the regulation is fully implemented in 2026. The figure is based on a requirement for 5.5 million EUAs and the current carbon price of EUR70 per tonne.

OceanScore has recently appointed Leo Grayson as Head of Commercial APAC to lead the Singapore team. “By providing dedicated expertise and responsive service on the ground, we will be able to readily support regional clients with the resources they need to tackle their compliance requirements,” Grayson commented.

Related:OceanScore boss warns of ETS compliance issues

The company covers over 1,000 vessels with its digital solutions and boosts MSC, Döhle Group, Norbulk, Offen Group, Orion and Zeaborn Ship Management, among its major clients.