SIGLAR insights

The latest on carbon and cost efficient chartering

Two examples of EU carbon cost on ship voyages

At today's rate a fully implemented EU Emissions Trading System would add a carbon cost of more than USD 70 000 per round voyage for a commonly traded intra-EU route. The EU carbon price is increasing, and we give you an overview of the costs that the introduction of the system could bring to two commonly traded shipping routes.

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MEPC77: Will IMO lead shipping decarbonisation?

Will the IMO change its course towards net zero shipping and lead shipping decarbonisation or will others be forced to take up the challenge? We give you the agenda of the MEPC77 meeting and keep you up to date on the outcomes.

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COP26: Wind blows steadily towards net zero shipping by 2050

Collaborating to get shipping to net zero emissions by 2050 seems to be the COP26 shipping chant. The COP26-spotlight has brought stakeholders from the full shipping ecosystem to the table and both governments, finance industry and shipping customers are calling for collaboration and raised decarbonisation ambitions. Now, it remains to be seen if the COP26 wind is strong enough to get the IMO to adjust its sails.

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The COP26 shipping outcomes

The COP26 has solidified the importance of reaching net zero emissions by 2050 to stay in line with the Paris Climate Agreement Goals. The shipping industry and specifically the IMO’s target of cutting GHG emissions by 50% by 2050 is seen as out of touch amongst the industry, which has come to terms with the need to fully decarbonise the sector by 2050. We take a look at the outcomes of COP26.

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Quick guide to COP26 and shipping decarbonisation

Shipping companies efforts to cut their GHG emissions are inadequate and the industry is urged to come up with a set of more ambitious and credible targets in the run up to COP26. We give you a quick guide to what is happening leading up to and at COP26.

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5 ways to use the Siglar Carbon Estimator in your day-to-day chartering  

With the Carbon Estimator charterers, brokers and owners can predict and assess the environmental footprint from tanker voyages. In this post we look at five ways you can use the Carbon Estimator in your day-to-day chartering activities.

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A "common carbon language" to accelerate short-term cuts in maritime emissions

Siglar argues that a "common carbon language" is needed to accelerate short-term cuts in maritime emissions. In an interview with Siglar CEO Sigmund Kyvik, he explains why he thinks a new language is necessary and how the launch of the free Siglar Carbon Estimator can kickstart the learning of this language.‍

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Launching the FREE Carbon Estimator for commercial shipping professionals

‍Siglar Carbon launches a free and neutral tool for estimating and comparing emissions from tanker voyages. Using the Siglar Carbon Estimator to compare the carbon consequence of commercial decisions prior to fixing can unlock potential that lies within a commercial decarbonization of the shipping industry.

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Siglar Carbon help validate prediction model for Climate TRACE emissions map

We are excited to see the first version of Climate TRACE world emissions map and intelligence being published, and proud to say that Siglar Carbon played a small part, reviewing their maritime prediction model. We share the goal of making emissions insight available, because effective decarbonization starts with detailed knowledge of emissions sources – also in the maritime industry.

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Carbon cost enters the maritime everyday business

The European Union proposes a basket of measures to decarbonise the maritime industry, which will influence freight rates in different ways. Shipping emissions will become a cost element in freight negotiations and a part of ship owners, brokers and cargo owners' everyday business.

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Three ways in which the EU’s  “Fit for 55” package affects ship and cargo owners

The European Union’s “Fit for 55”-package proposes to decarbonize shipping by imposing a first-ever greenhouse gas (GHG) intensity limit on ship energy usage, a minimum tax on bunker fuels and a requirement to pay for shipping emissions in the emissions trading system (ETS) from 2023, with a full phase-in by 2026.

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The IMO adopts operational emission reduction measures despite strong criticism  

The International Maritime Organisation (IMO) adopts new short-term measures that require ships to combine a technical and an operational approach to reduce their carbon intensity. The operational Carbon Intensity Indicator (CII) will highlight the charterers role in emissions reductions, but is it too weak, too slow? The IMO is already criticised for its selected method as well as its limited ambitions.

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IMO starts climate talks with a backdrop of pressure for net-zero shipping

As the International Maritime Organization (IMO) assembles today to adopt emission reduction measures, it’s with a backdrop of pressure to increase climate ambitions. Nations and industry players call for a net-zero maritime industry by 2050.

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Large majority wants to include global EU voyages in the EU ETS

A large majority of the respondents in an EU public consultation wants to include emissions not only from voyages between EU-ports but also from voyages between EU and non-EU ports in the Emissions Trading System (ETS).

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Emissions reporting - principles described, details need to be worked out

January 2021 is the first month of the Sea Cargo Charter (SCC) reporting on emissions from ship chartering activities. A rush of questions from both signatories and companies that are considering joining, show that details need to be discussed further.

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Siglar helps dry bulk charterers add the last piece to the carbon reporting puzzle

Many responsible dry bulk charterers measure and report emissions from their entire value chain. Reporting value chain emissions can be a puzzle, and chartering activities often represent a missing piece. Siglar keeps daily track of emissions from all shipping activities, regardless of ship type, size or freight contract, to help add that last piece to your puzzle.

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New board members to support Siglar in a phase of growth

Øyvind Schanke and Peder Engeset join the Siglar Board of Directors to support the company in a growing phase. Schanke will take on the role as chairman of the board.

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IMO amendments raise awareness on the charterer's role in reducing emissions

During an IMO meeting last week member states agreed on a plan to facilitate the reduction of the carbon intensity of international shipping. A key point was the approval of operational ship performance requirements. The focus on operational performance targets the existing fleet, and it raises awareness on responsible charterers' role in reducing shipping emissions.

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Siglar Carbon Reporting gets you fully aligned with the Sea Cargo Charter framework

The launching of the Sea Cargo Charter (SCC) is warmly welcomed by Siglar. In the Siglar Carbon Monitoring & Reporting dashboard all chartering activities are monitored and reported according to the Sea Cargo Charter requirements.

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Know the reduction potential of your freight deal

The Siglar Carbon Emissions Indexes let charterers compare the carbon efficiency of potential ships for their cargo. In this way, substantial reduction potential is highlighted.

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The future of commodity trading

A coming carbon price on shipping will change the way we trade commodities. Whether politicians implement carbon pricing globally or locally, or responsible companies implement it internally, insight into your freight emissions is crucial to prepare for this change.

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How charterers can make significant reduction in shipping emissions

The Siglar Carbon Efficient Chartering concept helps responsible charterers make significant emissions reductions from their chartering activities.

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Tackling a global challenge

International shipping emits more than 1 000 million tonnes of CO2e per year, and this number is projected to rise. According to the Fourth IMO Greenhose Gas (GHG) Study, shipping emissions represent 2,89% of the worlds GHG emissions. If the sector were a country, it would rank sixth in the world in terms of emissions.

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The recipe for Carbon Efficient Chartering™

You have to measure to manage and you have to manage to make efficient emissions reductions. These three steps are fundamental to the Siglar Carbon Efficient Chartering™ concept.

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