Data from Ship Review, a ship ESG assessment platform launched by Berlin, Germany, based Scope ESG Analysis GmbH, indicates that, based on data from 2020, more than one-third of the world fleet could face problems when IMO’s CII (carbon intensity indicator) requirements come into effect.
According to Scope Group, Ship Review provides ESG assessments for 70,000 ships and CII ratings for 40,000.
“With Ship Review, we are taking a unique product to the maritime industry,” said Ralf Garrn, managing director and project lead at Scope Group. “The product offers an independent evaluation to the maritime market to meet the needs and requirements of all participants in the maritime industry.”
Ship Review is based on estimates of several carbon intensity indicators, including the Annual Efficiency Ratio (ARE), the Energy Efficiency Operational Indicator (EEOI) as well as total CO2 emitted in a year. Comparing the emissions of different ship types, ship management companies and specific voyages allows users to drill down and select alternatives that emit less CO2 per cargo carried.
The CII measures ships’ operational efficiency in grams of CO2 emitted according to deadweight tonnage and nautical miles traveled and will be a core input into a ship’s annual ranking, which runs on a scale of A to E.
The Ship Review calculations include CII rating estimates for all applicable ship types, currently numbering more than 40.000 vessels, applying the IMO’s methodology and using certified monitoring, reporting and verification (MRV) data as well as data from satellites for distances sailed for more accuracy.
According to Ship Review data for 2020, 18.8% of vessels have a CII rating of A; 21.8% have a B rating; 23.7% a C rating. By January 2023, ships that receive a D rating (13.9% against the 2020 baseline) for three successive years or an E rating (21.8% based on 2020 data) in any given year will need to implement remediation plans.
The analysis used for Ship Review is provided by Scope`s partner Green Mare Services Lda. & Comandita (GMS). GMS specializes in processing information from derived data and developing scores for the OceanScore platform related to the emissions, sustainability and reliability performance of the maritime industry.
Scope says that it has launched Ship Review to enhance the transparency of ships’ environmental, sustainability and reliability/safety performance and that it is the first dedicated product to display Carbon Intensity Indicator ratings. It says Ship Review will help:
- Ship owners and ship managers meet mandatory decarbonization targets and implement eco-friendly measures to meet the requirements of customers and partners on reliable, safe, green and sustainable shipping.
- Banks and investors implement regulatory requirements and standards (Poseidon Principles, SASB, SFDR, CSRD etc.) to support climate-neutral ship financing.
- Port authorities and flag states implement incentives and audits to promote clean and safe shipping operations for cleaner harbors and cities.
- Shippers and logistics companies identify environmentally friendly sea-transport providers to meet the needs of consumers who want their products have a green footprint.
While a number of shipowners and managers likely hate it that data on their ships, based on estimates, is out there for the likes of banks and charterers to see, you can currently already search for individual vessels on Ship Review HERE