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