Shipping needs true, transparent and timely ship emissions data


The industry’s ability to comply with pollution and climatetGoals for change require a new, technology-driven approach, writes Peter Georgiopoulos, chairman of tanker owner United Overseas Group.

Carbon pricing, emissions trading, EEXI, CII, the Poseidon principles, the zero goal and the sea freight charter. Regulators come for shipping and this time they are dragging banks, charterers and civil society with them.

In just a few years, carbon pricing will be applied to maritime transport emissions in Europe and at the same time the EEXI and CII will come into force. All three will bring new levels of control to monitor performance and reduce emissions.

And while the industry continues to talk enthusiastically about new fuels, the fact remains that fossil fuels will take the lion’s share for a few years to come, so let’s not forget that IMO2020 is still a big deal for consumers. national and international operators.

This acceleration in the pace of emissions monitoring for compliance with regulations and market measures has demonstrated an inconvenient truth. Quantifying and collecting actual travel and fuel consumption data is not something the industry has much experience with.

IMO and EU data collection programs retroactively collect annual ship emissions data so you can see what a ship did last year but not last week. While this aims to develop legislation in the future and to offer good historical data on the carbon footprint of shipping, in order to make meaningful carbon changes, we need real-time data.

And this data must be accurate and not estimated or one year old. While we realize that to enable all market participants the initial bar needs to be set low, but whether you are a charterer, owner or operator, we all need a strong regulatory platform and real data in order to make informed decisions that actually stop climate change. .

The question is this. How do we deploy real-world devices that can offer our charterers and others in the industry meaningful real-time ship-specific data and how do we do it quickly?

We live in a world where technology can provide us with real-time updates on all kinds of data on our smart phones – so why not ship it? There are experts from academia, cloud computing, engineering, the defense chemicals detection space, and the engineering research and development industry working on these issues – so how to integrate it into our industry?

This is the difference between artificial intelligence and “real intelligence”. This is what we need to bridge to to help ship owners understand their emissions in a way that makes sense to them.

A few years ago, we realized that in order to make dynamic decisions about a ship’s sulfur and GHG emissions, we needed real-time, real-time emissions data from ships. And we found that we weren’t alone in this case, as all of our business and government stakeholders wanted this data as well.

This meant hourly real-time sampling of a marine asset’s main engine CO2 emissions as well as confirmation of fuel changes when entering and exiting ECA zones. It had to be global; enabling interested parties to receive continuous snapshots of the CO2 emissions of their assets 24 hours a day, 7 days a week, 365 days a year.

We didn’t want estimates based on sophisticated algorithms or equivalents based on other people’s estimated emission factors – but ship-specific physical emissions data – what was actually coming out of the stack.

We believe that with the right tools, we can better serve our charterers and the planet. It is for this reason that we have invested in the technological start-up SeaArctos; to demonstrate in a simple and cost effective manner that an owner is not only adopting new environmental regulations, they are able to confidently demonstrate compliance to all of their stakeholders, from class and flag, bank and insurance to Port State Control and Coast Guard.

Understanding the exposure that will come from regulations and carbon pricing can help companies prepare and understand the actions they need to take. Totally new solutions are needed to extract this real-time vessel-specific data from the stack and put it in the hands of the people who need it.

While new fuel regulations and GHG emission reduction targets are literally a matter of life and death, it seems little thought or budget has been given to their implications. Complying with emissions regulations and fuel switches using a centralized, top-down solution is an extremely time-consuming and expensive endeavor.

This responsibility, although mandated by the IMO and the EU, rests with individual countries (often with limited budgets) to apply and independent owners to demonstrate. Doing nothing is not an option; Using a revolutionary bottom-up point-of-use technology response to ensure fuel switch compliance and deliver emissions data to stakeholders is a real-world solution.