The IMO (International Maritime Organisation) is intensifying its commitment to phase out GHG emissions from international shipping.
As part of its Greenhouse Gas Strategy adopted in 2008, a new IMO 2023 regulation sets out the following goals for international shipping:
- By 2030, reduce carbon emissions levels by 40%
- By 2050, reduce carbon emissions by 70%
- Reduce total GHG emissions by 50% by 2050 versus the 2008 levels
By mid-2023, the organisation will reach a decision for a revised strategy to further strengthen these goals. As these policies are formalised alongside discussions of measures like taxation on emissions, companies face an incoming wave of challenges. New regulations mean new restrictions, like limitations on speed and the use of older vessels. Fleets may need updates to stay compliant and competitive, leading to capacity restraints, increased transit times, and even the detention of old vessels for retrofitting. Shipping rates are influenced (and not in a good way).
While these new regulations may seem daunting, they present an opportunity for ship owners and operators to demonstrate flexibility and scale operations while increasing energy efficiency. The key to success? Embrace technology.
The maritime industry can thrive in a sea of evolving regulations by leveraging digital solutions to remain compliant and unlock smarter, safer, and greener ways of working. This shift towards a more digitally-driven approach is a positive step forward – benefiting not just the industry, but also the environment and society.
The future of maritime: digital operating models
New technologies help incentivise the industry to decarbonise in a way that doesn’t disrupt operations. With Vessel Insight, we’re connecting your onboard vessel data using certified technology for vessel-to-cloud data availability. Even for equipment that has traditionally not been connected.
That means your data is live in a cloud environment, giving high-frequency access to reliable data that reflects real-time operations. This data is pushed to the cloud and used to create an asset model for any vessel. It’s a virtual version of the operating model. The best part? Now that the data is available, it can be used in a host of other applications that drive more efficient operations.
Here are just some of the use cases that become a reality when vessel data is connected to the cloud:
- Data access: Sync data between the vessel and office to increase data transparency across the organisation. Increase the quality of data and avoid mistakes like duplicate and incorrect entries.
- Performance monitoring and maintenance control: Fine-tune the performance of assets, vessels, voyages, and fleets with optimisations like reduced fuel recommendations. Run simulations of various operating scenarios to determine optimal parameters for voyages. Manage maintenance proactively to avoid expensive repairs and disruptions in operations.
- Feedback on optimisation measures: See the effects of measures like slowing down the vessel according to data-driven recommendations to reduce fuel costs.
- Communication: Increase communication onshore and offshore, with the ability to orchestrate and automate workflows to prevent operator, equipment, voyage, and cyber incidents.
- Reporting and rating: Built-in DCS reporting and CII rating services, with the ability to send data directly from Vessel Insight to reporting services for more automated ways of reporting.
- Reduce carbon footprint: Track, manage and report emissions based on IMO guidelines. Access environmental accounting for emissions releases to land and to sea from vessels and the entire fleet. Determine optimal voyage routing. Understand the potential advantages of operating with alternative fuels.
As regulations continue to unfold, going digital offers a way for operators to stay ahead of the regulatory curve and respond swiftly to emerging complexities. Ready to connect?
Contact us to find out more about digital operating models for the maritime industry that help you work smarter, safer, and greener.