In light of the International Maritime Organization guidelines, the new Regulation of the European Union urges shipping companies to set up a system for monitoring, reporting and verification of CO2 emissions based on ship fuel consumption. However, in nowadays market, there is a lack of techniques for fuel consumption monitoring that can be adopted in a real environment. The proposed procedure overcomes the use of Speed–Power curves, which are commonly utilized in the Naval Architecture, by means of a multiple linear regression model that exploits the navigation information usually available in modern ships. This procedure can be used both to alert technical management of a shipping company for anomalous fuel consumption and to quantify the fuel consumption reduction connected with any specific policy adopted to improve energy efficiency. Therefore, this can be particularly profitable for shipping companies and operators in order to claim for carbon credits. The proposed approach is currently implemented by the Energy Saving Technical Department of the Grimaldi Group on a Ro‐Ro Pax ship.