Articles

Carbon Capture and Storage (CCS) is a safe and efficient way to handle emissions and meet climate targets. And it offers beneficial opportunities for the shipping industry in gaining new business and reducing its own carbon footprint, Johan Lillieskold, Gas Solutions Specialist at Schulte Group, is convinced.

On 1 January 2024, shipping officially joined the European Union’s Emission Trading System (EU ETS). With it emerged a comprehensive set of responsibilities, accompanied by significant financial implications for shipping companies who, for the first time, are included in a market-based measure such as EU ETS. The increased level of interaction between the European Commission and the shipping industry means a novelty for both parties - and an ongoing learning process.

The goal is clear: shipping aims to become climate-neutral by 2050. An ambitious endeavour, considering that we are talking about an estimated 60,000 ships worldwide. The use of alternative fuels and new propulsion concepts will be of major importance. Ian Beveridge, CEO of the Schulte Group, takes a look at the multi-fuel future.

In the past months, the upcoming inclusion of the maritime sector in the European Union Emissions Trading System (EU ETS) has caused a lot of debate and open questions regarding who will pay for EU ETS certificates. Now there seems to be more clarity according to Sebastian von Hardenberg, BSM’s Chief Financial Officer.

The Carbon Intensity Indicator (CII) has been in force since January 2023. The rating system had been developed by the International Maritime Organization (IMO) to gradually reduce CO2 emissions from commercial ships. While the CII is due for review in 2025, we believe that shipowners should aim for top ratings right away, as the CII may not only influence the vessel sale and purchase market, but also develop into a key criterion for cargo owners when they select a vessel as a means of transport.

Bernhard Schulte Shipmanagement (BSM) is one of the first international ship managers to be ISO 27001 certified.

The new IMO and EU emissions requirements will be the headline regulatory issues for 2023. Ian Beveridge, CEO of the Schulte Group, addresses the challenges and measures that lie ahead for shipping.

Following a lengthy legislative process, the inclusion of the maritime sector into the European Union Emissions Trading System (EU ETS) is now done and dusted. The time has come for charterers, shipowners and ship managers to come to grips with the regulation in practical terms. Sebastian von Hardenberg, BSM’s Chief Financial Officer, provides an overview.

Bernhard Schulte Shipmanagement

The inclusion of the maritime sector into the EU Emissions Trading System (ETS) is done and dusted to be introduced from 2024. Bernhard Schulte Shipmanagement (BSM) is developing solutions to support its customers to navigate the complexity of the upcoming requirements.

With new IMO regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) taking effect in 2023, BSM’s Fleet Performance Centre is supporting ship owners’ efforts in reducing their vessels’ carbon impact.

Smart and proactive vessel maintenance reduces the risk of issues with onboard systems causing downtime. BSM introduces Condition Monitoring and successfully completes the pilot phase.

With new IMO regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) taking effect in 2023, BSM’s extended Fleet Performance Centre is supporting ship owners’ efforts in reducing their vessels’ carbon impact.