Charterers given access to new ship carbon emissions comparison tool
Today marks the launch of the Siglar Carbon Ship Finder, a digital tool allowing charterers to compare carbon emissions from ships at the click of a button.
The insight given by the new Norwegian tool can be used to reduce emissions and its related carbon cost exposure. It can also kickstart what Siglar Carbon has termed as the commercial decarbonisation of the maritime industry.
“Commercial decarbonisation is when commercial players in the shipping ecosystem make carbon conscious shipping decisions in a profitable way. Factoring carbon emissions and the coming carbon cost into commercial shipping decisions is an efficient way to start reducing shipping emissions on a large scale,” a spokesperson for the company explained, adding that the matter was becoming more pressing with the impending inclusion of shipping into the European Union’s emissions trading scheme.
The best moment to avoid emissions is when planning the shipping of cargo
“The best moment to avoid emissions is when planning the shipping of cargo. Therefore, addressing the charterer’s decisions is vital. If the charterer is not aware of the carbon consequence of this decision, fixing a ship in the spot market can be a major emissions driver,” Siglar Carbon stated in a release.
Dr Roar Adland, professor of shipping at the Norwegian School of Economics, has suggested in the past that as much as 90% of avoidable emissions are driven by commercial decisions that happen long before a shipowner or operator gets involved
“The Ship Finder enables large emissions reductions. In a highly competitive market, where any information is an asset, it can also give smart charterers a competitive edge,” commented Sigmund Kyvik, Siglar Carbon’s CEO, today.
The new tool makes allows users to instantly find the most carbon-efficient ships by ranking the available alternatives according to expected carbon footprint.
To promote transparency and understanding, the estimates are presented in tonnes of CO2 emitted.
“This way apples are compared to apples and charterers can cut through the noise of the variety of calculation models whereas shipowners can promote their carbon performance with the credibility provided by third party validation,” Siglar Carbon explained.
Two years ago some of the biggest names in chartering vowed to make the details of their shipping carbon footprint public, signing up to the Sea Cargo Charter created by the Global Maritime Forum.
