The shipping industry has long had multiple regulations focused on curtailing its environmental impact, but 2023 has proven to be a particularly busy year. It began with the Energy Efficiency Existing Ship Index (EEXI) and carbon intensity indicator (CII) coming...
Charter parties are rigid relics of their time, with static vessel descriptions as standard fixtures in these agreements. These descriptions are, at best, reflective of performance at a singular period, despite how ship performance evolves over a set period of time as...
What is MEPC 80? MEPC stands for ‘Marine Environment Protection Committee’ and it looks at the environmental issues that fall under the remit of the IMO (International Maritime Organisation). The MEPC looks at a wide range of topics, from ship-source pollution...
The emissions reduction imperative is taking center stage in the shipping world. Just last week, during the 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80), the industry agreed to reduce greenhouse gas (GHG) emissions by at least 20% by...
The shipping industry is under enormous pressure to reduce carbon emissions, with tightening carbon frameworks such as the European Union Emissions Trading System (EU ETS) and industry-wide decarbonization targets set in global forums such as the recent MEPC 80....
Vessel performance management is difficult without a holistic view of technical and operational performance. However, this information is often siloed: owners have access to the technical profile of the ship, but charterers have jurisdiction over day-to-day...
