Tool to Help Shipping Lines Calculate CO2 Emissions
A decade of mandatory energy efficiency measures for ships
Over ten years have passed since the International Maritime Organization (IMO) first set international mandatory measures for improving ships' energy efficiency aimed at cutting down Greenhouse Gas (GHG) emissions. The package of measures combined with implementation support set shipping on the path to decarbonization.
During this timeframe, the Sea Cargo Charter also joined in on the issue of controlling air pollution from ships by establishing a framework for aligning chartering activities with responsible environmental behavior.
How does one measure a vessel's CO2 emissions?
Despite all the regulatory groundwork laid in recent years, and the upcoming 2023 GHG Strategy revision, there is still confusion in the industry as to how the CO2 emissions are calculated before they can be reduced. Even with the mass adoption of low-sulfur fuels and scrubbers aboard vessels, shipping's footprint on CO2 is still high.
While owners and operators have the option to either lower their emissions or pay to offset their carbon footprint, it's essential to be able to calculate the cost before one can take a decision. Here's where the big blank comes in the picture – which methodology would you use? There's the Energy Efficiency Operating Indicator (EEOI) using grams of CO2 per tonne-nautical mile, and the Annual Efficiency Ratio (AER) using grams of CO2 per deadweight-tonne-nautical mile. Then there's the question of who actually is responsible for paying. All in all, it's still not entirely clear who and how is going to be affected.
A new calculator comes online to help
This is where AXSMarine says they can help. The pioneer in the provision of advanced solutions for shipping professionals has recently released a new complimentary addition to its portfolio - a calculator that can estimate the CO2 effect of each vessel voyage to the environment.
AXSMarine's CO2 calculator is a fully automated tool, which works both with the EEOI and the AER methodologies. It takes into account HSFO, VLSFO, and LSMGO carbon factors and provides an Alignment Delta to the EEOI trajectory values for its users.
While the CO2 emission calculations are fully automated and do not change the workflow of its users, AXSMarine's new tool also has the option to estimate specific CO2 costs of every voyage, depending on the region of operation.
AXSMarine CCO, Steve Fletcher, says while the confusion sewn by unclear regulations can only be dispersed by the regulatory bodies themselves, it can also be remedied by releasing the instruments the industry needs to monitor its carbon footprint on the environment:
"AXSMarine's new CO2 calculator is what the Dry Bulk industry has been waiting for to stay compliant with environmental regulations. It's just the latest in a number of steps we've taken to make sure professionals in the industry can monitor their fleets' impacts on the environment.
Aside from the full automation of our calculator, which will provide new info without impacting its users' workflow, it is also fully integrated in our ecosystem of products. This transforms the need to follow one's vessels' CO2 emissions into looking at just one more number on the screen."
Details about AXSMarine's solutions are available at https://public.axsmarine.com/solutions
The opinions expressed herein are the author's and not necessarily those of The Maritime Executive.