What is carbon costing your ships?

Find what carbon costs each ship, see why, and see what would cut it.

EU ETS, FuelEU and your CII rating, from emissions already on the public record.

No ship in mind? Try

See how it works Why last year’s data is not enough

17,386 ships already loadedNo accountNothing to upload

17,386ships in the public register
4,285shipping companies behind them
88.6 Mtof CO₂ in EU ETS scope, one year
€7.5 bna year at €85 a tonne

Public EU register data. Source and method

Meet CarbonKeel

One ship in. The whole carbon bill out.

We turn the public emissions record into a plain answer: what each regulation costs a ship, in euros, and what would move it.

1

Type a ship

A name or an IMO number. That is all we ask for.

2

See the bill

ETS, FuelEU and the CII rating, added up in euros.

3

Decide

See which lever moves it most, and how the limit tightens.

Last year’s numbers, this year’s bill

The public record is a rear-view mirror.

Every figure in the instant check comes from the verified emissions EMSA publishes once a year, months after the year ends. It is a lagging indicator: a fair starting point, but not what your fleet owes today.

1

Published a year late

A year’s verified emissions are made public by 30 June of the following year (Regulation (EU) 2015/757, Article 21). Until then, this year’s exposure does not appear anywhere.

2

The rules have moved on

2026 is the first year at 100% of EU emissions, with methane and nitrous oxide counted, and the UK ETS covers shipping from 1 July 2026. Last year’s filing understates this year’s bill.

3

Your fleet has changed

Fuel mix, speed, routes, charters and the ships you bought or sold since the last filing are not in the register, and the public record gives only a fuel total, from which the mix has to be inferred.

Want the analysis for this year? That is the part we do with you: your noon reports and bunker delivery notes, this year’s rules, your pool and charter terms, turned into the position you will actually settle.

What comes back

Know what each ship costs, why, and what would cut it.

A mid-size ship can carry a six-figure carbon bill a year. Across a fleet, it is the number a board asks about. Here is one answer, followed from problem to action.

MV ExampleBulk carrier · 50,000 DWT · 2026 ILLUSTRATION
Carbon cost, one year
€581k
EU ETS €441k + FuelEU €140k, or about €465k with the FuelEU shortfall pooled
CII rating
D
5.36 against a 5.05 limit
EEXI
Pass
9.5% under the required value
Where this ship sits todayA is best
A
B
C
D
E
▲ this ship
Same ship, same operation. The limit tightens every year.
2025C
2026D
2027D
2028D
2029D
2030E
€

Allowances you buy anyway

100% of EU-scope emissions from 2026, and methane and nitrous oxide now count too.

⛽

A fuel shortfall you may not have counted

Ordinary fuel oil sits above the FuelEU limit, so a charge builds quietly all year.

↘

A rating that slips on its own

The CII limit tightens every year. The ship on the left goes from C to E by 2030.

€433k average EU ETS cost per ship across the register, a year, at €85 a tonne and the full 2026 rate

From problem to action

MODELLED EXAMPLE, NOT A MEASURED RESULT
  1. Observation

    €581k carbon bill for 2025 emissions. EU ETS is 76% of it, and FuelEU adds a €140k penalty.

  2. Why

    Its fuel, mostly heavy fuel oil, emits 91.61 gCO2e/MJ against a FuelEU limit of 89.34. The share of EU emissions surrendered also rises from 70% to 100% in 2026.

  3. Impact

    €581k now; about €770k a year on the 2026 rules. Buying the FuelEU shortfall from a pool instead of paying the penalty takes about €116k off.

  4. Action

    Replace 20% of fuel energy with certified biofuel on EU voyages and sail 10% slower.

  5. Expected value

    Up to €292k a year of carbon cost avoided, before the cost of the biofuel itself.

Before€581k
20% biofuel, 10% slower →
After€289k
−50%
Carbon cost falls by €292k a year and EU-scope CO2e by 34%. The FuelEU deficit becomes a surplus. Modelled from the ship’s public figures, not measured; it excludes the cost of the biofuel and any effect on voyage time.
How we get to the number

Follow one answer from source to decision

Public data in, the rulebooks applied, checked against your verifier, out as euros.

N
Step 1 · Where the data comes from

We start from the public record.

Every ship over 5,000 GT calling at EU ports is listed in a register EMSA publishes under Article 21 of the EU MRV Regulation. We load all 17,386 of them, so you type nothing.

EMSA THETIS-MRV · verified emissions
Step 2 · What we apply

We apply the rulebooks, line by line.

EU ETS, UK ETS, FuelEU Maritime and the IMO’s CII and EEXI, each coded from the regulation text. Plain calculations you can check, with every factor cited.

IMO resolutions · EU regulations
Step 3 · How we keep ourselves honest

We check ourselves against your verifier.

The bill uses your verifier’s own ETS figure. We rebuild it independently as a cross-check. Across the whole 2025 report we match the exact same tonne for about two ships in three, and within 2% for about three in four. You see the comparison on every ship.

Measured, not promised
Step 4 · What you get

We turn it into a decision.

Euros, a rating, and the lever that moves it. Marked as an estimate until you send your own data, and then it becomes your verified position.

Open the worksheet behind every figure
What we do

Every carbon rule that touches a ship, in one place.

Ranked the way we would work through them: money first, design checks last.

1Cash, every year

EU ETS and UK ETS

Allowances you surrender. From 2026 it is 100% of EU-scope emissions, methane and nitrous oxide included.

2Cash, and a limit that falls

FuelEU Maritime

How far your fuel’s greenhouse-gas intensity sits above the limit, and what the shortfall is charged at.

3Tighter every year to 2030

CII rating

An A to E grade against a limit that drops each year. Three years at D, or one at E, needs a corrective plan.

4Mostly settled

EEXI

A one-off design check most ships cleared in 2023. It matters again for newbuildings, conversions and power-limit changes.

+Your whole fleet

Fleet view

Paste a list of IMO numbers. Get one total, a ranking of your ships, and a drill-down into each.

+Never miss a date

Deadlines and worksheets

A compliance calendar for Outlook or Google, and a full worksheet your verifier can follow.

Why CarbonKeel

Where we are strongest.

Five things we are built to do well, and can show you.

Seconds, not weeks

All 17,386 ships are already loaded. Type a name and the answer is on screen.

No upload, no account

Maths you can audit

Every figure opens a full worksheet, each factor tied to a named regulation.

Built for your verifier

Honest about limits

Anything rebuilt from public data is marked as an estimate, and shows how it compares with the verifier.

About 2 in 3 ships match to the tonne

Four rulebooks, one number

ETS, UK ETS, FuelEU and CII added up on one screen, not four spreadsheets.

In euros, for any ship trading into Europe

Your data stays yours

Nothing to upload to start. No cookies and no advertising trackers. Operators can switch our figures off for their ships.

Ship results are not search-indexed
No black box

How the numbers are worked out

The actual arithmetic behind a CII rating. The rest follows the same pattern.

attained= CO2 emittedcapacity × distance sailed

How much carbon the ship emits to move one tonne of capacity one mile.

required=(1 − Z)× a × capacity−c

a and c set the 2019 fleet average for that ship type; Z is how much tighter this year is. Beat the required figure and you rate well.

We check ourselves against your verifier, and show you the result

The public register carries each ship’s EU-scope CO2 as its accredited verifier calculated it. We rebuild that number independently and compare the two.

Across every ship in the 2025 report we land on the exact same tonne for about two in three ships, and within 2% for about three in four. Where it differs, the cause is usually something the public record does not show: a ship below the 5,000 GT threshold, a container ship’s stop at a neighbouring transhipment port, or a derogation. The bill always uses your verifier’s figure.

Every figure traces to a named regulation

Carbon factors, reference lines, reduction factors and fuel properties come from the IMO resolutions and EU regulations themselves, checked line by line against the published texts.

Every figure is worked out by the rules exactly as written, and the same inputs always give the same answer. We will walk your verifier through any of them.

What is an estimate, and what is not

Anything rebuilt from public data is an estimate and says so every time. Deadweight is not published, so a rating depends on the capacity you give us. Send one noon-report file and the same screen becomes your own verified position.

Who we are, and what we are not

CarbonKeel is an independent maritime carbon-compliance business. It is not affiliated with EMSA, the European Commission, the IMO, a classification society or a fuel supplier.

It is not an accredited MRV or FuelEU verifier. Allowances are surrendered, and FuelEU balances settled, on the figures your verifier accepts. Use CarbonKeel to plan, budget and check; every number shows its source, and the full method is published so your verifier can follow it.

Questions, corrections or a review of your fleet: enquiry@carbonkeel.com.

Your data stays yours

If you operate a ship and would rather our figures about it were not shown to anyone else, one click switches them off. Results for individual ships are not search-indexed.

Talk to us

A person, not a form.

Ask anything about a number, the method, or this year’s position for your fleet. Every message gets a personal reply.

Send us your fleet and we will work out what it costs

Give us your IMO numbers and we will come back with the whole fleet costed. If you would rather ask a question first, that is fine too.

Opens your email to us. Nothing is sent from this page. Privacy notice

Stop guessing what carbon costs your ships.

Start with one ship. Ten seconds, and you will know whether there is anything here worth your time.