Marine Assurance 2.0
EEXI, CII and Marine Assurance
Preparing for a greener industry
The start of 2023 saw a new maritime regulation put into practice. From January, the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) set forth compulsory compliance ratings for the majority of vessels above 400GT.
Affected vessels will have until their next International Air Pollution Prevention Certificate (IAPPC) survey to record their EEXI. Initial CII rating will be issued in March 2024.
As another factor in compliance monitoring, vessel ranking and decision-making, Mainstay is EEXI and CII ready.
What these new regulations now mean for charterers
As the regulations, policies and rules put in place to protect our environment and the sustainability of the maritime industry increase, so must the measures and processes organisations utilise to protect their compliance, efficiency and reputation.
Although there will be a delay in the initial set of vessel EEXI and CII rating, what is known now is that these new regulations will have a profound impact on vessel operations in the years ahead. And from 2024, CII is set to provide a new measure for charterers to rank vessels.
How EEXI and CII will affect vessel selection
With threats of sanctions and increased port fees for non-compliance, and pressure to be more sustainable now on vessels, Marine Assurance teams must now incorporate further checks into an already heavy populated risk assessment process to ensure efficiency and protect against associated reputational damage.
Through analytical forecasting and reactive artificial intelligence (AI), best-in-class vessel monitoring and vetting software supports the selection of vessels based on CII predictions.
Mainstay
Ready to support a sustainable maritime industry
Data driven sustainability
Understanding evolving maritime regulations paired with industry-leading knowledge of the latest maritime data and technology trends, MIS Marine have created the EMIT and CIM models.
Providing a digital twin of the new EEXI and CII regulations, optimised through our geospatial data processing engine, EMIT and CIM utilise cutting-edge data modelling and predictive analytics, to provide Marine Assurance team with usable emissions figures on which to base decisions.
Making sustainability, sustainable
Unlike the EEXI, which is limited to a view of the vessel’s design and technology at the last official assessment by a registered board, or the CII, which only produces a value for the complete last year of operation, the EMIT and CIM data provided through Mainstay reflect the current condition of the vessel and is able to report on a single voyage or time period, allowing a charterer to identify the current environmental impact of their use of the vessel for a specific task.
Supporting a more accurate view of emissions forecasting, EMIT and CIM allow emissions data to play a practical role in chartering, voyage planning, reporting and decision-making.
Set the standard for sustainability
Fully aligned with all reputable industry data sources, including the EEXI, EEOI, EEDI and CII values from OCIMF and IHS, Mainstay enables multiple rules to be applied for deeper analysis and insight – providing confidence that a nominated vessel complies with new green regulations and allowing you to identify the most environmentally efficient way to complete an operation.
Environmental Marine Index Tool
Environmental Marine Index Tool (EMIT) is a digital twin of Energy Efficiency Existing ship Index (EEXI) data utilising various sources of vessel design data to produce an approximation of the EEXI rating.
Like EEXI, EMIT expresses an approximation of the theoretical carbon emitted per tonnage mile based solely on the design and particulars data provided. The EMIT value can be calculated in many scenarios when the EEXI is not available (where it isn’t provided in industry sources or has not been determined), which allows for a more universal indicator of environmental performance, whilst also allowing a better value against which to benchmark vessels.
The EMIT value is dependent on the particulars data provided in Mainstay, using the particulars values prioritised by the user, e.g., if the operator has informed that the vessel’s horsepower has been limited, or other design improvements have been made, the user has the option to manually override the associated particulars value in Mainstay. Following this action, EMIT will be automatically recalculated, meaning that the EMIT value will reflect the current condition of the vessel and accommodate charter arrangements, unlike EEXI which requires a ratification process to occur from a registered board.
Carbon Intensity Model
The Carbon Intensity Model (CIM) is the digital twin of Carbon Intensity Index (CII) data. CIM uses various sources of particulars data, along with operational information from geospatial data and weather/ tide data, to calculate the Carbon Intensity Value for a given voyage or time period. This value is then placed into the associated grade to produce a digital twin of the CII.
Unlike the CII, which only produces a value for the complete last year of operations, the CIM can also assess a specific activity or period of time, allowing a charterer to identify the environmental impact of their use of the vessel for a specific task.
CIM can also be utilised to approximate the rating of future voyages and operations; if the start and end ports of a voyage, along with the estimated duration are input into the model, an estimated CIM rating for the voyage can be produced, allowing users to assess future environmental impact.
The CIM calculates carbon emissions every 5 minutes of a voyage.
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