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

October 20, 2021

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.

Here are 5 easy ways to use the Siglar Carbon Estimator and to help reduce emissions by decabonizing commercial shipping decisions:

  1. Charterer: Predict and assess CO2 emissions before chartering a vessel
  2. Charterer: Compare carbon footprint from different export alternatives
  3. Broker: Stand out in the crowd by adding CO2 estimates to your position lists
  4. Broker: Bring emissions performance into the fixing process
  5. Ship owner: Compare your CO2 performance with competing owners and promote your carbon performance

Screenshot from the Siglar Carbon Estimator
Screenshot from the Siglar Carbon Estimator

1. Charterer: Predict and assess CO2 emissions before chartering a vessel

Ok, perhaps this one is obvious as it is the core functionality of the Carbon Estimator. However, assessing carbon emissions from the global tanker fleet requires access to independent, quality data. The Carbon Estimator uses technical and behavioural vessel data, with no subjective input, creating a factual foundation for you to reduce your carbon footprint.  

Carbon efficiency is presented in total tonnes of CO2 and alignment according to IMO’s decarbonization trajectory. Informed decisions can lead to large emissions reductions and the free Carbon Estimator unlocks that potential.  

2. Charterer: Compare carbon footprint from different export alternatives

Considering different export alternatives? Destination represents a large part of CO2 emissions from shipping and with the EU introducing a carbon cost on global shipping from 2023, assessing carbon emissions from export options will be a vital part of global commodity trading. Data by Siglar Carbon shows that shipping a Suezmax from EU to Asia compared to intra-EU shipments can increase emissions by up to 6000 tonnes of CO2.

Do you know your current footprint from spot chartering? Check out our Carbon Monitoring & Reporting solution, which gives you a complete overview of your carbon emissions.

3. Broker: Stand out in the crowd by adding CO2 estimates to your position lists

The shipping industry relies heavily on the support and insights provided by ship brokers. As intermediaries, brokers are the glue in the commercial dialogue by keeping all parties up to date on market rates and ship availability. With new regulations, carbon emissions are an added element charterers and owners need to evaluate in the chartering process.  

Leverage the Carbon Estimator and add CO2 estimates on main routes to your position list and cover your clients need for carbon insights.

4. Broker: Bring emissions performance into the fixing process

Negotiating a cargo or vessel? Understand and promote the strengths and weaknesses of your principal's cargo and ship positions when it comes to emissions and use these insights in the fixing process.  

5. Ship owner: Compare and promote your CO2 performance

How well are you positioned compared to your competitors? Charterers have pledged to reduce their carbon emissions from spot chartering. Use the Carbon Estimator to evaluate your carbon position and promote your CO2 performance in the negotiation process.  

What else can Siglar Carbon help cargo and ship owners with?

With great data, comes great opportunities. While the Carbon Estimator provides a clear assessment of future footprint by measuring emissions in total ton CO2 and efficiency, the underlying data can offer a wider range of use.  

Perhaps you’re a charterer and would like to get an overview of your current footprint from shipping with our Monitoring & Reporting solution? Or you are a shipowner and would like to benchmark your fleet’s CO2 performance with competitors?  

Want to know more? Connect with our Sales Team to schedule a meeting.

Facts