The shipping industry is experiencing a transformative period as it confronts the pressing challenges of greenhouse gas (GHG) emissions and climate change. After years of relative inaction, maritime stakeholders are now intensifying their efforts to embrace decarbonisation.<\/p>\n
The industry has seen several regulatory measures being introduced by the International Maritime Organization (IMO) and other bodies in recent years. It is therefore crucial that tools are created to facilitate the smooth adoption of new regulations and help the entire maritime industry to achieve its decarbonisation goals with minimal fuss.<\/p>\n
Recognising this imperative, DNV has launched Emissions Connect, an innovative platform designed to transform the way emissions data is managed. This service offers a holistic approach to data handling, providing an integrated solution to streamline compliance, enhancing informed decision-making and supporting collaborative efforts across the industry.<\/p>\n
Regulatory changes<\/strong><\/p>\n Regulatory changes have surged forward, reminiscent of London buses arriving all at once after a period of inactivity. In 2023 alone, the IMO has introduced new carbon reduction regulations, including the carbon intensity indicator (CII), the energy efficiency design index (EEXI), and the ship energy efficiency management plan (SEMP III). These regulations aim to drive a 40% reduction in the carbon intensity of ships by 2030.<\/p>\n Carbon pricing has also become increasingly significant in the industry\u2019s decarbonisation agenda, led by the European Union (EU). The EU has reached an agreement to include shipping in the EU emissions trading system (ETS), expected to take effect in 2024.<\/p>\n Moreover, the IMO is poised to make progress on its own carbon pricing scheme, likely through a bunker levy, at the upcoming MEPC 80 meeting in July. However, full implementation of the scheme may not occur until 2027 or 2028, pending agreement on the finer details.<\/p>\n In 2025, the EU\u2019s FuelEU Maritime regulation will come into effect, setting greenhouse gas (GHG) emission intensity requirements for energy used on board ships. This regulation compels the maritime industry to comprehensively assess shipping emissions from the entire supply chain, moving away from the limited \u201ctank-to-wake\u201d approach.<\/p>\n Emissions management<\/strong><\/p>\n The emergence of these new regulations, particularly the CII and the EU ETS, highlights the growing importance of emissions management. The CII rating measures how efficiently a vessel transports goods or passengers while the EU ETS will require the Document of Compliance (DoC) holder – typically the ship manager – to surrender EU Allowances (EUAs) based on the annual level of emissions.<\/p>\n Compliance with these regulations necessitates accurate and reliable data collection, management and sharing. Additionally, the entire maritime value chain increasingly needs accurate data and control over emissions performance. As a result, DNV launched Emissions Connect. The data verification engine and data management platform offer a range of valuable features to enhance emissions management.<\/p>\n Standing out from the crowd<\/strong><\/p>\n What sets Emissions Connect apart is its inclusive and collaborative approach. Unlike conventional monitoring systems, this platform caters to all key maritime players, from ship managers and owners to operators, charterers and cargo owners.<\/p>\n By bridging the gap between data generation and consumption, Emissions Connect ensures the seamless flow of verified data across the value chain, promoting trust and enhancing decision-making for all stakeholders.<\/p>\n Built on DNV\u2019s Veracity Workbench, Emissions Connect offers valuable features for emissions management in the maritime industry. It provides a high-quality emissions data baseline with digitally verified operational vessel data (OVD) reports and automated quality feedback. Verified voyage statements serve as a trusted basis for emissions accounting and facilitate ETS allowance settlement.<\/p>\n The platform also enables emissions performance simulation and allows for full control and industry collaboration on a reliable data platform.<\/p>\n This empowers shipowners to make informed decisions about future operations, understanding the emissions impact and its financial implications.<\/p>\n Foundational philosophy<\/strong><\/p>\n A core aspect of what makes Emissions Connect unique lies in its foundational philosophy. This is not a silo-based software product. Instead, connectivity and partnerships are its beating heart, allowing everyone to work on the same data without the need to replace existing systems. This critical attribute encourages widespread adoption, fostering an inclusive digital environment where data is easily accessed and shared.<\/p>\n Sharing of data can go beyond just regulatory compliance. High-quality emissions data, which is provided by shipowners and verified by DNV, can be accessed by customers, and used for the settlement of transactions, and exporting and secure sharing with partners and third parties, including banks and other institutions adhering to green financial schemes such as the Poseidon Principles.<\/p>\n Advantages for the ports and terminals sector<\/strong><\/p>\n Although not the primary customer base, ports and terminals can also derive significant value from Emissions Connect. The platform provides these stakeholders with access to up-to-date and reliable data on the emissions performance of incoming and outgoing vessels.<\/p>\n Such information plays a crucial role in assessing the emissions footprint of maritime activities within their facilities. This supports reporting requirements, aids in the measurement of ESG targets, and assists in planning future actions to reduce overall emissions.<\/p>\n By utilising the verified, up-to-date emissions data provided by the platform, ports can create data-driven strategies, enact effective green policies and potentially incentivise cleaner vessels. Furthermore, the platform could aid in the establishment of green corridors, contributing to broader sustainability goals.<\/p>\n While Emissions Connect is a fresh player in the market, and specific testimonials from ports and terminals are still forthcoming, there is anticipation that this tool will feature prominently in the sustainability narratives of ports and terminals soon. As these success stories unfold, DNV looks forward to sharing them with the maritime community.<\/p>\n The future for ports<\/strong><\/p>\n As the maritime industry embraces stricter emissions targets, collaboration, transparency and data-driven decision-making become paramount. Tools like Emissions Connect empower ports and terminals to actively contribute to the global sustainability conversation. By utilizing accurate data to make strategic decisions, the port sector can leverage the ongoing digital transformation to achieve sustainable maritime operations.<\/p>\n Emissions Connect represents more than just an emissions data management tool, it embodies a comprehensive solution that benefits stakeholders throughout the maritime value chain. Collaboration and transparency are essential as we navigate the journey towards a cleaner, greener industry. The platform\u2019s ability to integrate with existing systems and foster partnerships positions it as a catalyst for revolutionising emissions data management.<\/p>\n Although the path to a sustainable maritime industry is challenging and uncertain, tools like Emissions Connect will play a crucial role in keeping us on track. With its transformative capabilities, the platform promises to drive the industry towards a future marked by transparency, connectivity and trust in emissions data.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" There is much potential for emissions management in the maritime industry, writes\u00a0P\u00e5l Lande, principal consultant at DNV.<\/p>\n","protected":false},"author":8,"featured_media":3444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[1095,1096,1099,1098,9,1097],"sponsor":[],"class_list":["post-3443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products-services-greenport","tag-dnv-gl","tag-emissions-connect","tag-emissions-data","tag-emissions-management","tag-ports","tag-shipping-emissions"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=3443"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3443\/revisions"}],"predecessor-version":[{"id":3445,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/3443\/revisions\/3445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/3444"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=3443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=3443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=3443"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=3443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}