Industry working group Impact Today has released its new Vessel Reporting and Data Quality white paper, which calls for the maritime sector to create a new data standard aimed at evolving noon reports into holistic vessel reports to support vessel and voyage optimisation, and therefore propel industry decarbonisation.
Evolving noon reports
It was recognized during the December 2021 discussions that there is a need for quality data input from vessels and the particular use cases of improved noon reports that would strengthen the industry’s decarbonisation journey.
With the current focus on decarbonisation within the sector, the working group agreed that noon reports as they are used today need to transform in line with how the rest of the industry’s data landscape has matured.
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Noon reports data had historically been helpful for a vessels performance optimisation, but for voyage optimisation the industry has had to make do with the current data being shared. It was agreed amongst the group of ship owners, data specialists, and optimisation organisations in the working group that the concept of noon reports needed to evolve to a more standardised format and to be redefined as holistic “vessel reports”.
Building a standard for vessel reporting
In accepting the need to evolve noon reports to vessel reports, it is critical that we create a comprehensive vessel reporting standard that is fit for purpose, genuinely increases data quality, and unlocks better optimisation outcomes, reducing carbon emissions and enabling shipping’s decarbonisation journey. This call for action is to create a standard around these objectives:
#1 Fit for purpose
A new data standard must cover all types of vessel reporting, including noon, bunker, port, cargo and more. It must consider all the types of data that a vessel in normal operation can report and make it clear and easy to do so. It must be broken down for critical data for each use case and flexible for owners or operators to choose the different data needs and avoid replication of input.
#2 Increase data quality through validations
A new standard must also be accompanied by a way to check data at the point of entry, ensuring that it is correct in terms of content and format. This must persist across all data entered into vessel reports, to ensure this is a truly shared standard that upholds data quality.
#3 Unlock better optimisation outcomes
Shipping must not forget the reason for doing this today: more accurate data input means more robust recommendation outputs. Fuel models will get more accurate, parties across the supply chain will be able to increase trust and align incentives, and we will be able to unlock immediate actions that enable the industry to decarbonise. And the desired outcome of the right data to improvement optimisation of vessels performance, voyages, bunker, and CO2 emissions.
#4 Standardise and create a definition of terms
Building on reporting requirements for upcoming regulations, the standard should meet existing reporting requirements, especially IMO DSC and EU MRV and also CII, EEXI and learnings from Sea Cargo Charter and Poseidon Principles. Solving challenges today due to the differences in the definitions between these reporting regimes and across the noon reports. A proposed model: a new standard for vessel reports.
EXPLORE MORE AT THE REPORT ON SHIPPING’S NOON REPORTS
