Who we are
Following the introduction of sulfur fuel regulations in 2020, the International Maritime Organisation (IMO) launched a set of rules called IMO 2023 to further reduce carbon emissions from ocean freight. IMO 2023 is part of IMO’s Greenhouse Gas Strategy (GHG) which aims to reduce carbon emissions from international shipping by 40% by 2030 and 70% by 2050 versus the 2008 levels.
New regulations are effective as of 1 January 2023. It introduces mandatory reductions in carbon emissions for both new and existing ships. While IMO helps reduce the environmental impact of sea freight transport, how much is your company impacted by those regulations?
Are your vessels ready to comply with those regulations and to undergo the following measures?:
. The Energy Efficiency Existing Ship Index (EEXI)
. The Carbon Intensity Indicator (CII)
EEXI assesses the energy performance of existing ships based on energy consumption data and other key parameters such as speed, power, and engine size. Non-compliant vessels are subject to penalties and restrictions and need to apply modifications. Are you ready to face the penalties?
CII ranks and monitors the efficiency of ships. It links GHG emissions to the amount of cargo on board and the distance traveled ratio. Each vessel receives a grade from A (good) to E (poor). Ships with 3 years of D grades or 1 year of E grades will be put in corrective action. Are you ready to receive a good or poor grade?
As a ship owner and operator, are you already feeling the impacts of IMO 2023? You have 3 options:
- Operations optimization by reducing the speed, loading less, sailing the short distance
- Switching to low-carbon fuels
- Building next-generation vessels, modifying and upgrading your existing vessels with energy-saving technologies.
Option 1 will erode your business; Option 2 is not yet applicable commercially. You are left with Option 3.
Option 3 is where we can work together to cost-effectively upgrade your fleet to comply with the regulations.
Here we are with our invention.