Home About Shipping Solutions Knowledge Library Blog Contact Customer Portal The impact of MEPC 76 on the shipping industry John Wills • Oct 16, 2021 The impact of MEPC 76 on the shipping industry Shipping is consistently criticised for its environmental impact. Will the new measures introduced in MEPC 76 (Marine Environment Protection Committee) turn the tide? Or is it heaping cost on a sector already unfairly demonised and struggling to find stability after COVID? A double whammy It's not only the impact of the vessels themselves that draws campaigners’ ire, but the industry’s close ties with the oil and gas sector that has pushed shipowners and managers into the spotlight. Twin this with shipping's supranational status and the IMO's sedate pace of introducing change and you end up with headlines about 'Clean ups', Pleas for cuts, and the oft cited (but incorrect) comparison between a handful of ships and every car on the planet. First step in fixing the problem - Measure! For the last few years, ship owners have been forced to report their carbon emissions, either via the EU's MRV scheme, or through the IMO's (similar, but different) DCS project. The EU measures per-ship emissions, and only for the emissions that take place in EEA waters. The DCS asks owners to submit aggregated data for fleets across all geographies. Since coming into force, the regs have allowed a measure of transparency over emissions and where the worst hotspots are. They've also provided a baseline for possible future improvements to be measured against. Second Step: Assess MEPC 76 introduces two new measures to the industry the Carbon Intensity Indicator (CII) and the Energy Efficiency Existing Ship Index (er... EEXI). The CII talks of carbon in terms of amounts emitted per cargo tonne/mile and informs the EEXI, which is a measure of overall energy efficiency that can be applied to ships that predate the EEDI, which is a design efficiency measure recently introduced (and which as a result, only covers a fraction of the world fleet). Third Step: Improve (or maintain) The EEXI is a rating of a ship's energy efficiency (and just like your fridge the rating is A, B, C, D or E – where A is the best). Administrations, port authorities and other stakeholders as appropriate, are encouraged to provide incentives to ships rated as A or B also sending out a strong signal to the market and financial sector. Fourth Step: Penalties- bad news for everyone (except Italy's footballers) A ship rated D for three consecutive years, or E, is required to submit a corrective action plan, to show how the required index (C or above) would be achieved. The usual array of penalties for non-compliance would then follow if no improvement can be demonstrated. Outcomes It's easy to guess at what the overall aims of the regulations are: old tonnage that cannot be modified to meet EEXI's of C and above will be scrapped. Newer vessels whose running costs increase as a result of having C will be sold off to smaller less exclusive lines. New tonnage will be cleaner and greener and attract higher rates. As always, the risk will be that old, dirty ships will continue to operate, but do so out of the glare of publicity, meaning that not all the benefits expected will accrue. All of this will take time: the regs don't come into force until November '22, with the first year's assessments not completing until 2024. So, until then, perhaps the biggest impact of MEPC 76 is the more positive coverage of the industry. But maybe that's enough for the moment Let us know what you think Get in touch with us if you have any questions but also if you have anything that will help us develop better products. Its only by working with people like you we can get better at what we do. If you need to ensure reliable 24/7 remote access to your ShipNet Commercial, Technical or Financial solutions, contact us today. Contact Us Name: Email: Phone: Company Message: Newer Post > < Older Post Share Tweet Share Mail ShipNet Blogs Product Roadmaps – Discuss! By John Wills • 12 Nov, 2021 • Why is a product roadmap for business? Find out how we did in 2021 with our ShipNet roadmap, and see what we have in store for next year in our latest blog Mobility: Got it? Want it? … Need it? By John Wills • 16 Oct, 2021 • Learn more about how mobile apps have become more important for your business and how they have evolved, read in our ShipNet blog how we can help with maritime software - from anywhere Analytics SE the new solution for business from ShipNet By John Wills • 28 Sep, 2021 • Analytics SE Analysis definition:} The detailed study or examination of something in order to understand more about it… So what? The so what is that if you don’t understand enough about what’s going on in your business, you will never be able to improve it, change it or make the most of it. Basically, you’ll never really be able to get any better. The ShipNetters have had their thinking caps on for a while now and in line with all the exciting things we are doing, this is probably one of the most important. We’re pretty excited here at SNHQ and hope you are too! (Drum roll) Please welcome Analytics SE into the ShipNet family of solutions to help drive your business to be better. Apart of from all the great features to give you a better understanding of what’s happening on your vessel and a simple way to interrogate the data you have, you can use it anywhere on any device. Handy when you are away from your desk, stuck in transit, or in a meeting and you need some insight quickly. As experts in marine technology, we work closely with our customers, listening to what they need to add real value and ensure they get products that help solve their own very specific set of problems and this solution is another demonstration of our commitment that. What does it do, I hear you cry! Comprising dashboards within ShipNetOne, Analytics SE shows you how changes you make to your organisation are viewed against a baseline of historical practice. Most businesses have valuable data lost in operational systems, but no integrated way of managing and displaying that information. With over 100 standard dashboards immediately available, you can identify areas of strategic interest, establish quickly and easily performance over time, and observe changes in performance in real time as the impacts of strategic change are realised. This means that ROI and benefits can be identified and measured as they happen, taking the guesswork out of managing major change, ultimately helping you; Deliver tactical value This can be as simple as identifying where best practice already exists through comparative analysis. If one ship consistently outperforms it’s sisters in terms of fuel economy, this can be easily seen through analytics and efforts to replicate that success (and multiply the savings) can begin. Plan strategically At its heart, analytics is any data-driven process that provides insight. It can encompass both historical and predictive information, and its goal is to transform data in to insight that aids the your business and the plans you have for it. Create competitive advantage It’s a fact of life that businesses with the best insight move faster and further in a competitive environment, often achieving goals and returns that simply wouldn’t be attainable without those analytic tools. In a business with razor fine margins, such as shipping, it’s more important than ever that all costs are minimised, and all revenues maximised. Simply put, every little counts. So don’t just know your business, really understand it and make your business brilliant. Look what we’ve been up to – see the new ShipNet Dry Docking App By John Wills • 16 Aug, 2021 • We all know the power of the app, the ease it brings to our daily life, performing actions much faster than a mobile website and that is why, we here at ShipNet, have been working behind the scenes to make life better for people like … Read More The post Look what we’ve been up to – see the new ShipNet Dry Docking App appeared first on ShipNet. How to reduce paperwork in Ship Planned Maintenance & Safety By Basujit Chakravarty • 18 Dec, 2020 • Your Fleet Management teams generate an overwhelming amount of paperwork when performing their maintenance routines or submitting their monthly forms. According to a recent report, up to 79% of seafarers felt that repeated tasks required too much documentation and paperwork. They cited that excessive admin … Read More The post How to reduce paperwork in Ship Planned Maintenance & Safety appeared first on ShipNet. How to achieve TMSA 3 Compliance for elements 10, 11, 12, and 13 By Basujit Chakravarty • 14 Dec, 2020 • In this final article in our series on achieving TMSA 3 Compliance we review the last 4 elements: 10, 11, 12, and 13. Our previous article looked at elements 7, 8, and 9. These elements cover management of change, incident reporting, investigation and … Read More The post How to achieve TMSA 3 Compliance for elements 10, 11, 12, and 13 appeared first on ShipNet. How to achieve TMSA 3 Compliance for Elements 4, 5, and 6 By Basujit Chakravarty • 24 Nov, 2020 • In the first article in this series on TMSA 3 Compliance, we reviewed how Tanker Companies can achieve compliance for the first three elements consisting of: Leadership and the safety management system, Recruitment and management of shore-based personnel, Recruitment, management, and wellbeing of vessel personnel. … Read More The post How to achieve TMSA 3 Compliance for Elements 4, 5, and 6 appeared first on ShipNet. How to achieve TMSA 3 Compliance for Elements 1, 2, and 3 By Basujit Chakravarty • 18 Nov, 2020 • There is increasing pressure on tanker companies and their technical teams to ensure safety by achieving TMSA 3 compliance. The program encourages companies to assess their safety management systems against key performance indicators while providing a minimum expected level (as well as three additional … Read More The post How to achieve TMSA 3 Compliance for Elements 1, 2, and 3 appeared first on ShipNet. Why now is the time to implement your Business Continuity Plan By John Wills • 16 Nov, 2020 • Cast your mind back to March 2020. World leaders announced enforcements of lockdowns worldwide to combat the spread of COVID-19. Therefore, many businesses in the industry have now adopted a new remote working strategy as part of their business continuity plan. Moreover, it … Read More The post Why now is the time to implement your Business Continuity Plan appeared first on ShipNet. ShipConnect Video By John Wills • 09 Nov, 2020 • The ShipNet ShipConnect and MRV solution combines the ability to easily deploy and capture all performance-related information from your vessels which updates your shore staff directly, with no manual duplication of work. At the same time enabling performance analysis and reporting More Posts CONTACT US Grensevningen 9, 0661 Oslo, Norway sales@shipnet.no Phone: +47 21 01 92 00 See our Global locations © 2021 All Rights Reserved | ShipNet USEFUL LINKS Home Shipping Solutions Knowledge Library Blog Contact Privacy LET’S CONNECT Looking for something? Use the up and down arrows to select a result. Press enter to go to the selected search result. Touch device users can use touch and swipe gestures. Website design by head on creative copy and design ©