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 storyTo help our customers cut through the complexity of the Carbon Intensity Indicator (CII), Siglar has developed the voyage CII. When we compare a voyage’s CII rating with the voyage's total emissions, a pattern emerges: chartering decisions based solely on CII can actually drive emissions and costs. In this article, we break down why that happens and walk through common voyage scenarios that illustrate the impact.
The IMO 79th Marine Environment Protection Committee meeting took place this month and discussions around the reduction of GHG emissions from ships took centre stage.
The very short COP27 shipping summary: The drive to decarbonise the shipping sector is growing, parties in the value chain are collaborating and initiatives that show most progress are linked to developing green shipping corridors, zero-emission fuels and vessels, as well as infrastructure to support the transformation of the industry.
