Scenario 1: Maritime compliance costs are no longer confined to regional regulation. Based on current policy timelines and market assumptions, the industry’s annual compliance bill could rise from around USD 2.7 billion in 2024 to more than USD 57 billion by 2032, with the IMO framework becoming the largest driver of future cost exposure.
The full storyThe carbon intensity indicator (CII) enters into force 1st of January 2023. The new indicator is likely to impact charter party terms and freight rates, but with no CII ratings published until 2024, the charterer is left blindfolded. The Siglar Carbon Voyage CII helps the charterer decode the CII mystery.
Our webinar on how reducing shipping emissions equals increasing your competitive edge showed that commercial decision-makers in the shipping industry are now picking up speed on decarbonisation. Do you want to stay ahead of the game? Watch our webinar.
We're proud to present the Siglar Carbon Ship Finder, a digital tool allowing ship charterers to compare carbon emissions from ships at the click of a button. Access to emissions data prior to fixing empowers spot charterers to reduce emissions at scale and cut costs at the same time.
