The latest on carbon and cost efficient shipping

We have joined forces with Global Maritime Forum and leading maritime companies to cut greenhouse gas emissions from vessels through operational efficiency measures. As announced at the Global Maritime Forum's Annual Summit today, signatories agree to take collective action and adopt voyage optimisation strategies that can decrease annual fuel consumption by 20%, reduce annual emissions by more than 200 million tonnes of CO2, and enable the uptake of scalable zero-emission fuels in the long run.

The FuelEU maritime regulation is the European union's newest measure to decarbonise the shipping industry. It sets greenhouse gas intensity limits to ships trading in the EU from 2025, gradually decreasing the intensity over time, by 2% in 2025 to 80% in 2050. Here is a quick guide to the FuelEU maritime, from a commercial shipping perspective.

For charterers and traders, access to the right insights at the right time might halve emissions from single voyages. On a TC2 voyage 1,300 tonnes of CO2 and its related carbon cost could be avoided by making one single data-based decision. A partnership between London Stock Exchange Group and Siglar Carbon provides actionable emissions data to trading desks, where great carbon and cost reduction potential can be unleashed.