First Public Global Fleet Emission Calculation available with FleetMon

With the upcoming regulations of the World Climate Council and the recently enacted requirements of the IMO, providing information about the CO2 emissions of vessels is now essential for operators and owners of cargo, ro-pax, and cruise ships.
With FleetMon’s CO2 emission calculation, you can obtain precise information about the merchant fleet emissions with just a few clicks and display them retroactively for up to 180 days.

This November, CII regulations from the IMO came into action, creating much buzz in the maritime industry related to emission control. The world has made significant commitments to tackle air pollution and climate change in the past few years.

Shipping is a big part of the puzzle of emission reduction that we are trying to solve. In 2018, global shipping emissions of CO2 added up to 1,076 million tonnes, which accounted for 2.9 percent of the global CO2 emissions by human activities [1].
While the shipping industry is very efficient compared to other modes of cargo transportation, the industry’s greenhouse gas emissions are growing fast. If no change is made, factoring in the growth of the global economy, maritime emissions are predicted to grow by 90% to 130% of the 2008 levels (794 millions tonnes) by 2050 [2].

Maritime Industry’s Emission Control Plan

After years of international deliberations and debates, the IMO’s Marine Environment Protection Committee has hit some significant milestones. These include measures such as the introduction of the Energy Efficiency Design Index (EEXI), the Ship Energy Efficiency Management Plan (SEEMP), and the Carbon Intensity Indicator (CII), which we presented in detail on our blog. But for ships that intend to visit Europe, there are additional requirements, such as the MRV introduced by the EU.

Worldwide Emission Control Measures

After the introduction of EU MRV, IMO quickly followed suit and introduced its data collection system. The system entered into force in March 2018, and the data collection began on January 1st, 2019. This system requires ships weighing more than 5,000 gross tons engaged in international shipping to report their emissions and fuel consumption to their respective flag states. The flag states then report the aggregated data to the IMO, which publishes a report to the IMO Marine Environment Protection Committee.

So the bottom line is that ships calling on ports in the EEA will have to submit reports to the EU MRV and the IMO data collection system.

IMO has introduced its own measures to utilize this data and enforce compliance. From January 1st, 2024, ships will be issued a certificate of compliance (SoC). This certificate will cover verified fuel consumption, attained carbon intensity reduction, and a grade assigned to the ship ranging from A to E based on the vessel’s CII rating. Ships with a CII rating of D or worse for three consecutive years will be required to implement a corrective action plan delineating how they would achieve a rating of C or better [7].

The problem is that the grade is not a static measure, and the requirements for achieving the same rate over the years will get progressively stringent. The MEPC 76 approved a phased approach of carbon intensity reduction of 2% per year from 2023, taking the 2019 level as a reference line. So in simple words, even staying in the same CII grade will require constant improvements. Not being able to achieve a good CII would unofficially mark a ship. This could lead to a loss of earnings and an inability to trade. Therefore there is a tremendous incentive to follow the protocol.

While no mechanism is set in stone to enforce compliance with the CII, ships with a bad CII rating would be overlooked by ports and government authorities when allotting preferred slots in ports. Businesses, charterers, and financiers would also avoid them as they would mar their image, being associated with a vessel that is not environmentally sound in this world where sustainability is paramount.

How to Monitor CO2 Emissions?

In light of the regulations mentioned above, it is clear that monitoring and reporting of CO2 emissions have gained significance. FleetMon has launched a simple-to-use CO2 calculator, making it easy for ship owners, managers, and charters to report and monitor CO2 emissions.

First Public Global Fleet Emission Calculation with FleetMon

At FleetMon, we have always been dedicated to innovative solutions for the digitalization of the maritime industry. Our emissions calculation allows ship owners, charterers, and shipping companies to easily retrieve their vessels’ emissions and quickly forward them to the relevant authorities.

The Emission calculation option is part of our Business and Enterprise Plan.
You can start Your 5-day trial here. 

Select the ship of interest to access the vessel detail page. Scroll down to the bottom and click on “Emission Log.” Now choose the required time period, and you will see the vessel’s CO2 emission at a glance.

Values such as the vessel type, speed, draught, course, and distance are required for calculating the CO2 emission for a vessel. FleetMon leverages its own database and obtains values such as the particulars of the vessel and our historical track record to provide an accurate estimate of the amount of CO2.

Any questions left? Get in touch with us!

List of References

[1] https://www.imo.org/en/OurWork/Environment/Pages/Fourth-IMO-Greenhouse-Gas-Study-2020.aspx

[2] https://www.imo.org/en/OurWork/Environment/Pages/Fourth-IMO-Greenhouse-Gas-Study-2020.aspx

[3] https://climate.ec.europa.eu/eu-action/transport-emissions/reducing-emissions-shipping-sector_en#inclusion-of-maritime-emissions-in-eu-emissions-trading-system-ets

[4] https://climate.ec.europa.eu/eu-action/transport-emissions/reducing-emissions-shipping-sector_en#modal

[5]https://lloydslist.maritimeintelligence.informa.com/LL1137545/EU-proposes-tax-on-all-shipping-emissions-and-to-limit-polluting-fuels

[6] https://www.standard-club.com/knowledge-news/decarbonisation-in-shipping-overview-of-the-regulatory-framework-3919/

[7] https://www.dnv.com/maritime/insights/topics/CII-carbon-intensity-indicator/index.html