Commercial shipping decisions, like choosing ship and route for your cargo, can be major emission drivers. Awareness of the carbon consequences of these commercial decisions is crucial to reducing emissions, as it can represent substantial variation in the amount of carbon emitted.
To make the right carbon efficient commercial decision the need for data-driven decision support is vital. Therefore, emissions data must be made into insights that are comparable and accurate. It needs to be comparable across the global fleet, so that alternative ships and routes for a cargo can easily be compared and the most carbon efficient alternative can be mapped. The data also needs a high level of accuracy to give a detailed picture of carbon exposure, so that decisions are not only reducing emissions, but are also reducing emissions in a profitable way.
The combination of live tracking and prediction models built on big data is an approach that delivers both wide coverage and high accuracy.
We estimate expected CO2 emissions from all potential ships and rate them according to the estimates, before a charterer negotiates ships for his cargoes. This way a responsible charterer can make informed decisions, based on company targets and strategies.
The indexes model carbon emissions on an individual ship and voyage basis. They indicate the highest, the lowest and the average level of carbon emissions from all ships in position for the specific route. These levels change every day according to the available ships’ technology and position. However, the indexes always show great variation in the CO2 performance of the different ships. Geir Olafsen, the CDO of Siglar, monitors the indexes daily, and emphasizes the great reduction potential that exists in the tanker market.
"In the tanker market our indexes indicate that a reduction potential of thousands of tonnes of CO2 per deep sea voyage is normal."
Geir Olafsen, CDO of Siglar
The Siglar Carbon indexes exemplify six commonly traded tanker routes, but indexes can be made for any route or cargo. Explore the Siglar daily CO2 indexes.