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NAVTOR and Veracity by DNV partner for sustainable, profitable shipping

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NAVTOR and Veracity by DNV partner for sustainable, profitable shipping. Image: Pixabay
NAVTOR and Veracity by DNV partner for sustainable, profitable shipping. Image: Pixabay
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NAVTOR  a Maritime technology company has signed an Integrated Partner agreement with Veracity by DNV, aiming to help shipowners and operators simplify reporting, enable sustainable shipping and unlock green finance. The potential benefits – both commercial and environmental – are “enormous” according to Bjørn Åge Hjøllo, Chief Sustainability Officer, NAVTOR.

NAVTOR has built its reputation as the world’s leading provider of e-Navigation and ENC-based products and services, delivering digital innovations to over 8000 vessels worldwide. Over the past two years it has extended its “digital ecosystem”, which connects key systems onboard with onshore management teams, to provide advanced performance monitoring and optimization capabilities.

Data is the key. And this is where DNV’s cloud platform Veracity comes in.

From regulation to opportunity

“Our ecosystem collects, aggregates and utilises enormous amounts of business-critical data,” explains Hjøllo. “That is used to make shipping safer, simpler and more efficient – automating tasks, reducing fuel consumption, saving costs, and, in short, delivering complete asset awareness and control for our customers. But that data can also be used to unlock ‘next level’ sustainability gains – turning regulations into business opportunity – when you have the right partners.”

Hjøllo notes that climate targets, most notably IMO’s GHG ambitions, are supported by a range of regulations, including IMO DCS, EU MRV and, from 1 January 2023, mandatory calculations of annual Carbon Intensity Indicators (CII) for individual vessels. These help dictate access to Sustainable Linked Finance (SLF), whereby, in keeping with the increasingly widely-adopted Poseidon Principles, owners can benefit from lower interest rates on financing and favourable insurance rates.

Accurate reporting on these regulations is of fundamental importance.

Stakeholder benefits

NAVTOR’s systems harvest and aggregate the required data for reporting and, through auto-populating, radically reduce administration, with automated reports produced at a touch of a button. The firm’s secure, ‘joined-up’ onboard ecosystem provides a single, integrated platform that, say Hjøllo, “covers all the bases” for simple compliance. The agreement with Veracity adds “huge extra value”, he notes, explaining:

“Veracity provides a vital piece of the puzzle. Vessel data can be transferred to the platform in a seamless digital pipeline, with continuous automated data uploads, reducing the need for manual intervention. This can create shorter reporting cycles, delivering reporting of a much higher resolution and frequency, ensuring greater quality and accuracy.

“This is something that not only regulators want, but also financial institutions, insurance companies, prospective employees, investors, and a range of other stakeholders. Nobody wants to invest their time, energy or money in companies that aren’t focused on the future.

“Furthermore,” he adds, “all relevant voyage and bunker data can be audited through Veracity on a regular basis and that enables forward-thinking owners, using systems like NAVTOR’s to optimise performance, to constantly work to improve their CII ratings and achieve better terms. The savings here can be enormous.”

Partnering for tomorrow

Here Hjøllo mentions one of NAVTOR’s key customers, Eagle Bulk, which is already using verified data to report carbon intensity performance under their USD 400 million sustainability linked credit facility. They are saving, he says, “significant costs, time and resources.”

Jonathan Dowsett, Director of Fleet Performance at Eagle Bulk, confirms the impact of the solution. He notes: “The integration between NavFleet by NAVTOR and Veracity by DNV has improved the efficiency and quality of Eagle Bulk’s MRV and DCS reporting. By automating the transmission of our fleet emissions data at more frequent intervals, we have simplified compliance while also improving visibility into our decarbonization trajectory and reducing workload.“

For its part, DNV also sees huge value in the partnership, demonstrating the capabilities of the Veracity platform for an industry in transition. Mikkel Skou, Executive Director, Veracity, comments:

“We are very pleased to welcome NAVTOR as an integrated partner. In Veracity, our ambition is to deliver trust and scale to industry digitalization, and by integrating with key maritime data providers like NAVTOR, we wish to make it easier for the industry to securely share and derive full value out of its quality assured operational data. We look forward to working with the team to help our common customers deliver more accurate GHG reporting with a minimum of manual intervention.”

Sustainable commitment

Hjøllo, for one, is convinced that this open, collaborative and data-driven approach can be instrumental in securing a more profitable, sustainable future for the maritime industry.

“There are no losers here, only winners,” he states. “With a single, simple, integrated platform, and high-quality data verification with Veracity, owners and operators can ensure complete compliance while working to lower fuel costs and emissions and access favourable financing. Shipping companies can prove they are committed to sustainable practices – and there are many other datapoints that can be captured through our digital logbooks, e.g. vessel waste and cargo types – and demonstrate their values to customers and staff looking for responsible businesses.

“This might sound daunting, or incredibly complex, but it’s not. With NAVTOR and Veracity, combining for one integrated, agile service, the future of sustainable shipping can be a lot simpler than you think!”

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Klaveness Digital to launch an emissions monitoring solution in CargoValue

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Klaveness Digital to launch an emissions monitoring solution in CargoValue. Image: Pixabay
Klaveness Digital to launch an emissions monitoring solution in CargoValue. Image: Pixabay
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In less than 12 months, Klaveness Digital together with ZeroLab have commercialized an emissions monitoring solution that is now live in CargoValue. The monitoring solution, titled ‘Emissions’, is now measuring a significant share of emissions from global dry bulk shipping, empowering its customers to continuously track and manage their carbon footprint.

“Arming our industrial customers with crucial insight like this means they can spend their time actively looking for emissions hotspots and opportunities to reduce their footprint,” said Klaveness Digital Managing Director Aleksander Stensby.

Mitigating carbon risk in the supply chain

Monitoring of emissions was just recently added as a service to the CargoValue platform, marrying industry expertise and technical know-how to mitigate carbon risk in supply chains across all main shipping segments. “In dry bulk we’ve expanded fast and are now serving major global accounts in aluminium, grain and mining to name a few,” Stensby added.

The platform tracks greenhouse gas emissions generated by every freight shipment, using calculations based on satellite data, vessel particulars and actual behaviour. This complements and corroborates an increasing share of data coming into CargoValue from vessels reporting their actual emissions.

Putting data to use in a smart way

“Quality data is the backbone of the digitalization movement, with demand coming not only from customers, but also investors and other stakeholders. Working with us allows charterers to take action now on accurately measuring, assessing, and benchmarking their Scope 3 emissions,” adds Stensby, arguing that the industry needs to follow the example of the first movers and drop the “wait and see mentality” often linked with zero fuels or regulatory agenda.

Head of ZeroLab Morten Skedsmo, whose team has led the development of ‘Emissions’, is pleased to see more customers realize the value of accurate monitoring. “As a shipping company we are taking action on our own emissions and helping other companies do the same, we want to create value every step of the way.”

Building on the insights available through the Emissions module in CargoValue, ZeroLab’s team then apply their expertise to focus on helping charterers to explore reduction strategies, for example by establishing an emissions trajectory in line with the customer’s ESG commitments. As up to 30% of emission reductions can be achieved through improved operational efficiency, the team uses the data to guide customers on where improvements can be made across the supply chain.

Collaboration is key

Stensby, meanwhile, emphasizes the critical importance of collaboration across the value chain in driving decarbonization. “As well as quantifying supply chain emissions and assessing how they align with established frameworks for ESG compliance and industry initiatives such as the Sea Cargo Charter, CargoValue enables collaboration with stakeholders in real-time to build transparency. Some customers have incorporated their global operations and spanning hundreds of supply chain stakeholders into the platform.”

“Digital transformation, leveraging intelligent, cost-effective ways to complement work done by humans is key for survivability and profitability. With our platform of services providing end-to-end commodity visibility, we can act as an extension of customers’ own supply chain function and guide them on their digital journey towards resilience and long-term sustainability,” Stensby concluded.

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PortXchange and BigMile partner up to increase transparency of shipping emissions

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PortXchange and BigMile partner up to increase transparency of shipping emissions. Image: Unsplash
PortXchange and BigMile partner up to increase transparency of shipping emissions. Image: Unsplash
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PortXchange Products B.V., one of the leading tech start-ups in the maritime domain for predictable and sustainable shipping, has announced a long-term global partnership with BigMile, supplier of software for calculating and analysing transport-related CO2 emissions. Through their combined efforts, the two companies will provide digital solutions to increase transparency of shipping emissions in port areas.

With the growing pressure on the shipping and logistics industries to reduce the emissions footprint, ports are emerging as critical players to drive sustainability efforts. However, most ports currently lack the necessary means to track emissions, which is the first step in developing decarbonization strategies to meet the ambitious reduction targets set by the International Maritime Organization.

By working together, PortXchange and BigMile are ideally positioned to equip ports worldwide with a unique digital service that will allow them to monitor emissions from vessels, road, and rail transport, and help them quantify the impact of their sustainability programmes. “We are excited to partner up with BigMile – the leader in CO2 footprint standardization – and to contribute our vast experience in the maritime industry to this collaboration,” says Sjoerd de Jager, Managing Director of PortXchange.

Enhancing decarbonization through digitalization

Although most shipping emissions occur during the voyage, their negative impact is most directly noticeable in ports because these are usually located close to cities. In fact, around 230 million people are directly exposed to shipping emissions in the world’s top one hundred ports. Digitalization can significantly enhance decarbonization efforts by providing means to calculate and monitor emissions and subsequently implement measures and interventions to reduce emissions.

“With our flagship product called PortXchange Synchronizer, we offer a solution that allows vessels to optimize their sailing speed for just-in-time arrival at the port. This reduces fuel consumption during the voyage and avoids unnecessary waiting time at anchorage, which leads to lower emissions in the port area,” continues De Jager.

“Port authorities can play a significant role in facilitating JIT arrival by supporting data-sharing initiatives and offering incentive schemes such as JIT-induced port fee discounts. There are several examples of such schemes currently being trialled, including at the ports in Rotterdam, Los Angeles Long Beach, Singapore, and Esbjerg. Thanks to the insights provided by the combined digital service from BigMile and PortXchange, the effectiveness of these measures becomes transparent. These insights are critical to underpin the investment strategies for these measures,” he adds.

Supporting targeted operational and strategic decisions

“In this collaboration, our aim together with PortXchange is to encourage and facilitate ports worldwide to map their current footprint so that they can then make targeted decisions to reduce emissions in and around the port. These measures can be either operational, such as optimizing the sailing speed as Sjoerd already mentioned, or strategic in nature, because the multi-modal split of emissions creates a more comprehensive picture of where transport emissions come from. This allows ports to take a holistic approach to port call decarbonization,” states Jan Pronk, Managing Director of BigMile.

Strategic measures could include electrification and the construction of shore power systems, he explains: “Shore power systems can potentially be an important part of the energy transition. If ships turn off their generators and use shore power when they are at the quay, they are a lot less polluting. The BigMile and PortXchange platform can provide insight into how much air pollution a shore power connection can prevent. Right now, ports are facing strategic choices about whether – and if so, where – to install shore power systems.”

BigMile and PortXchange are currently working on their first implementation of this digital service in the Port of Rotterdam. The service will also become available to other ports by the end of this year.

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Maersk enters into green methanol partnership with Carbon Sink LLC

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Maersk enters into green methanol partnership with Carbon Sink LLC. Image: Maersk
Maersk enters into green methanol partnership with Carbon Sink LLC. Image: Maersk
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As part of the strategy to decarbonise its customers’ supply chains, A.P. Moller – Maersk has entered a green methanol partnership with U.S. based project developer Carbon Sink LLC. This is Maersk’s 8th such agreement in the efforts to accelerate global production of green methanol.

The parties have signed a Letter of Intent covering the development by Carbon Sink of green methanol production facilities in the United States. The first facility will be co-located with the Red River Energy existing bioethanol plant in Rosholt, South Dakota, USA, and will have a production capacity of approximately 100,000 tonnes per year.

The commercial start is anticipated in 2027 and Maersk intends to purchase the full volume produced at the plant, with options for the output of subsequent Carbon Sink facilities at other locations.

“Securing green fuels at scale in this decade is critical in our fleet decarbonisation efforts. We have set a 2040 net zero target for our entire business – but importantly to stay in line with the Paris Agreement, we have also set 2030 targets to ensure meaningful progress in this decade. Partnerships are essential on this journey – and I am very pleased to welcome Carbon Sink on board.” said Berit Hinnemann, Head of Green Fuels Sourcing, A.P. Moller – Maersk.

Carbon Sink uses a commercially available technology to produce green methanol by combining green hydrogen from electrolysis of water using additional renewable electricity and biogenic CO2. The CO2 for the first project will be waste CO2 captured from the Red River Energy bio-ethanol plant, recycling those emissions into green methanol.
“We are very pleased to be working with Maersk in support of their mission to decarbonise the shipping sector. Carbon Sink brings a vast wealth of knowledge, experience and partnerships to help them achieve their ambitious corporate goals. Our multi-project development strategy creates a pathway for the supply of significant volumes of green methanol to help meet the demand of Maersk’s growing dual-fuel ship fleet.” said Steve Meyer, CEO of Carbon Sink.

Carbon Sink joins seven other strategic partners working to secure the green fuel needed for the 19 container vessels Maersk currently has on order which are capable of operating on green methanol. In March, Maersk announced six partnerships with CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel with the intent of sourcing at least 730,000 tonnes per year by the end of 2025. A seventh partnership with Debo was added in August.

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