Tag: CII

The upcoming entry into force of the EU ETS and CII regulations, part of the ambitious EU environmental agenda aiming to reduce emissions from shipping, is expected to redefine the current landscape of communication between shipowners and charterers, argued Mr. Panos Zachariadis, Technical Director, Atlantic Bulk Carriers Management Ltd., during the 2022 GREEN4SEA Forum that took place in late April.

While there has been some recent progress in the fight against shipping emissions, there are still serious challenges, relating to cost and lack of compliance with standards, noted Keith B. Letourneau, Partner Maritime, BLANKROME, at the 2022 GREEN4SEA Forum, warning that without mandatory reductions, GHG emissions from the maritime sector could increase between 50-250% by 2050.

ClassNK has released "ClassNK ZETA (Zero Emission Transition Accelerator)", a GHG emissions management tool to track accurate CO2 emissions and confirm and simulate CII ratings.

Nick Gross, LR’s Global Container Ships Segment Director, explains why clarification on the IMO’s Carbon Intensity Indicator is urgently required by container ship owners and operators to avoid last minute operational and financial pain.

BIMCO’s approval body for contracts and clauses will meet on 23 February. The development of a series of carbon clauses is high on the Committee’s agenda.

StormGeo announced the launch of a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators a digital tool for calculating, reporting, and proactively improving the CII rankings of their fleet.

The IMO’s MEPC 76 last summer left the shipping industry divided regarding the level of ambition for reducing shipping’s environmental footprint, but the adoption of EEXI and CII measures was the main tangible outcome for the future of shipping emissions.

There could be a shortage of LNG carriers in the world fleet that will comply with the IMO’s carbon intensity indicator (CII) from 2025 onwards, which ‘could limit charterers’ options and propel rates for compliant ships to new highs,’ says Panos Mitrou, Lloyd’s Register’s Global Gas Segment Manager.