The IMO is accelerating environmental regulations to increase pressure on the shipping industry to reduce carbon emissions.
Not acting fast or smart enough will see market share decline, asset value fall and costs increase.
Energy Efficiency Design Index
A technical policy measure for ships contracted after 1st January 2013, setting efficiency thresholds that become increasingly stringent over time. From 2025, all newbuilds above a certain size (segment dependent) need to meet a 30% reduction from its baseline emissions.
Energy Efficiency Existing Ship Index
For existing ships not covered under the EEDI, a one-time certificate for energy efficiency corresponding to the threshold of EEDI phase 2/3 must be obtained before 1st January 2023. Depending on segment, EEXI requires technical efficiency of a ship to improve by 20% to 50%.
Carbon Intensity Indicator
The CII framework regulates the operational carbon intensity of a vessel. The ship will be given an annual rating from A to E depending on its emissions efficiency over the previous calendar year, with thresholds becoming increasingly strict. Starting in 2023, CII will be applicable to all vessels above 5,000GT.
A consultative approach to developing cleaner shipping green transition strategies
Our dedicated Green Transition team helps you keep pace with the evolving environmental regulations. From forthcoming updates and timings to mandatory policies and frameworks, we share our in-depth knowledge to ensure your business stays compliant and meets the needs of your stakeholders. Working in close collaboration, we take a consultative approach to develop a tailored strategy from an operational and value creation perspective, then use our full service offering to help you execute it.
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Our strategic advisory services will inform and define your pathway to cleaner shipping
Our Green Transition team can help you to understand regulations, fuels and technologies, market impact and opportunities.
- How confident are in your decarbonisation strategy?
- How well will you be able to navigate the complex regulation?
- How will you reduce risk and minimise exposure?
- Do you have the tools and resources to aid decision making?
- Do you have the insight on future fuels to inform your fleet investments?
We work closely with all our business segments (ship broking, chartering, research, port services and investment banking) to provide a unique blend of tailored advisory services from impact analysis to strategic development, right through to execution.
Futureproofing newbuilds
Understanding the green transition and carbon risk is vital when making New Build and Sale & Purchase decisions. The Green Transition Group works closely with our brokers, making sure vessel owners make informed decisions to the best terms possible. There are a range of factors to be taken into consideration to ensure maximum value is achieved from the investment in your assets. Our team can provide insight on technology options and their maturity, alternative fuel characteristics, bunkering infrastructure, carbon profiles, cost and fuel availability.
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CII Reporting
CII will determine the maximum steaming speed for large parts of the global fleet. From 2023 and onwards, the maximum sailing speed of a ship will likely need to reduce each year in order to comply with regulation. By mapping CII exposure, we can help ship owners and charterers better understand if speed reduction is a viable option for compliance, or if alternative measures are needed.
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Maritime green transition services to suit you
Regulation
In-depth understanding of current an future maritime regulations.
Solutions
Comprehensive knowledge of future fuels and carbon abatement technology.
Opportunities
Extensive market understanding of commercial impact and opportunties.
An integrated approach across service lines
Carbon Broking
We deliver market-based solutions to help you make cleaner, faster, data-driven decisions.
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Understanding the green transition and carbon risk is vital when making new build and sale & purchase decisions.
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Environmental performance will be a crucial KPI and differentiator in the Chartering market. Clarksons has the network to maximize opportunities.
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Large investments will be required to decarbonize shipping. Clarksons Securities is a leading Investment Bank within renewables and shipping.
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As the leading provider of market research and shipping intelligence, leverage unique data to inform your strategies.
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Subject matter experts, backed by analysis, providing advisory services across offshore wind farm project execution.
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Alternative fuel propulsion
Insight and expertise provided by shipping decarbonisation analysts to help you make the right investment decisions and ensure your can reduce GHG whilst meeting your business objectives.
Alternative fuels challenge the sustainability of maritime decarbonisation
It is undisputable that we need to drive a lower carbon future. Kenneth Tveter, Head of Clarksons Green Transition team provides his thoughts on how the industry can best achieve this with the resources we have at hand.
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