The latest on carbon and cost efficient shipping

Shipping’s inclusion in the European Union’s Emissions Trading System (EU ETS) brought carbon pricing to the maritime sector. For charterers who want to leverage the opportunities of the transition, it’s time to embrace the change and learn how to navigate the EU ETS. A good way to start is to understand how the new regulations impact your everyday work. So, we sum up some key aspects of the EU ETS - from a chartering perspective.

Decarbonisation goals are often vague, with no concrete action plan nor plans to document the amount of emissions reduced. North Sea Container Line and carbon analytics company Siglar Carbon have signed an agreement that can make a change and provide the shipping industry with a best practise. 

In an effort to demystify the CII for our customers, Siglar developed the voyage CII. When comparing the estimated CII of a specific voyage to the estimated emissions of the same voyage, some unintended consequences of the CII rating become apparent. Here we present common voyage examples highlighting how a CII approach to chartering can increase carbon emissions and cost.