FuelTrust

Last week’s deal between The European Parliament and EU ministers to cut in the sector is a major step in emissions accountability. and charterers who can’t achieve expected year over year gas reductions will be financially penalized.

Can you accurately validate your greenhouse gas emissions? Today’s models offer only rough estimates based on generic calculator models that don’t account for chemical interactions, source fuel data, or supply/delivery chain impacts. Many also require massive amounts of manual input, or the installation of costly devices aboard vessels.

FuelTrust uses and science, along with a vessel’s operation data, to get accurate emissions results in support of regulated reporting and emissions reduction goals. Our recent analysis on over 12,000 vessels indicates that emissions reporting in the industry in 2021 was over-reported by an average of 4.18% – with the range being from 2% to 20%!

Learn more about impending regulation, then let us help you on your journey to carbon neutrality.

EU strikes ‘ground-breaking’ deal to cut maritime emissions The European Parliament and EU ministers struck a deal in the early hours of Thursday morning (23 March) on the bloc's flagship law to cut emissions in the maritime sector, marking a major step forward for the bloc's plans to reach carbon neutrality by 2050.

Average sailing speeds decreased in Q1 2023 as shipping companies looked to reduce their carbon footprint, according to shipping association . But many of those owners and operators have little to no data on the impact slow steaming had on energy efficiency.

To truly understand the impact and ROI on decarbonization initiatives, maritime companies need accurate information on how much carbon their vessels produce both before and after taking corrective action such as slow steaming.

FuelTrust’s Carbon Baseline can deliver scientifically validated detail of an entire emissions stack, back several years, in as little as 8 weeks, giving maritime companies access to the data they need to achieve their decarbonization goals.

https://hubs.ly/Q01Fw-Bx0

BIMCO: Shipping Market Overview & Outlook Q1 - SAFETY4SEA BIMCO has released the Shipping Overview & Outlook for the 2023 Q1 including key highlights of container, tanker and bulk markets.

Investing in clean technology to comply with emissions regulations requires a validated measure of return-on-investment efficiency to be a sustainable business approach.

Shipowners and operators under pressure from regulators, customers, and investors to reduce their carbon footprint need a detailed and verified baseline assessment of a vessel’s emissions to accurately measure efficiency. A scientifically validated baseline for carbon emissions will give owners and operators a commercial and ESG compliance advantage over competitors.

Our Carbon Baseline uses AI technology, rather than physical sensors or generic calculations, to analyse historical operational data and deliver accurate yearly emissions results through cloud-based automation in weeks, not months.

Find out more about Carbon Baseline: https://hubs.ly/Q01DcXrM0

Shipping looks set to fall short of meeting emissions reduction targets for 2023, according to Cem Saral, CEO of the Crockett Group.

Speaking at the Middle East Bunkering Convention (MEBC) in Dubai earlier this month, Saral forecasts more geopolitical and market uncertainty for this year, which, along with many unknowns, could affect the pace of Maritime’s voyage towards decarbonization. He added that a “significant portion” of the global fleet would likely fail to achieve a good CII rating if assessed today.

At FuelTrust, we believe shipowners and operators can reduce their emissions by investing in new technology and alternative fuels. However, they first need to have accurate scientifically proven data to understand their vessels’ carbon footprint. Only then can they make informed decisions that will enable them to achieve their decarbonization goals.

You can read more about the issues covered at MEBC here: https://hubs.ly/Q01ChHkq0

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The new CII rating system makes having access to accurate information about vessel emissions critical for shipowners and suppliers in the maritime industry.

In the latest issue of Technology Global, CEO Jonathan Arneault addresses how accurate data can help ensure optimum outcomes for both parties, enabling them to share the burden of carbon compliance more fairly.

“The dilemma is that both parties need greater transparency than they have traditionally shared in the past – but exactly how to achieve this has yet to be worked out by regulators or the industry itself. FuelTrust digital solutions can help bridge that gap.”

Read the article here: https://hubs.ly/Q01B4FZ50

Accurate data can ensure optimum outcomes for shipowners and charterer - Ship Technology Global | Issue 84 | December 2022 Having access to accurate information about vessel emissions enables shipowners to share the burden of compliance fairly with charterers

Fuel contamination, short-selling and cappuccino bunkering continue to remain rife in the marine fuel industry, according to a recent ’s list article. These bad bunkering practices continue, despite stringent testing rules in place, costing the industry millions and millions of dollars in lost efficiency and mechanical damages each year. Far too often, contaminated vessels suffer fuel pump seizures or equipment corrosion, potentially leading to a blackout that can subsequently cause a grounding, collision or even sinking.

Experts argue whether the risks of buying low-grade fuel can be eliminated today, with the best mitigation tactic being high-quality fuel testing. Some ports, like Singapore, Amsterdam, and Antwerp, are initiating their own practices such as introducing a mass flow meter obligation to help curtail fuel short sales – but this leaves fuel quality or contamination unsolved. Clearly, visibility of the details of fuels across the supply chain are needed.

At FuelTrust we help the industry address these challenges with a digital early warning system that can identify when, where, and by whom fuel issues are created throughout the fuel lifecycle, by validating the quantity, quality and composition of fuel delivered. Contact Shelton to learn more.

Read the article here: https://hubs.ly/Q01zLfW50

There’s a bad smell around the bunker sector. And it isn’t just the product A decade after OW Bunker’s demise, bunker providers must prove the industry can police itself. If it cannot do so, it must expect others to undertake the oversight