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.

MSC India achieved another milestone in project cargo shipping solutions, with the loading of a 140-ton transformer on MSC Regina from the port of Mundra, India. This is the heaviest ever breakbulk parcel moved by container ship from India, surpassing MSC’s previous record. The transformer is destined for a greenfield power transmission development project in Zambia.

MSC’s previous heavy-lift record was for the loading of a 115-ton transformer in 2018 at Port of Nhava Sheva. India is catching up countries such as China, Germany, South Korea and the USA, where pieces of more than 200 tons have already been loaded successfully on container vessels.

MSC has always put the customer at the center of its business, including by providing access to dedicated project cargo equipment to ensure the loading goes smoothly. Lifting gears were used to make this a successful loading using the right combination of special equipment.

Putting onboard a 140-ton parcel is a substantial process and requires immense focus and precision. Our teams demonstrated excellent teamwork and ensured synchronized coordination between the terminals, operations teams, stevedores, technical surveyors, and the shipper to analyze the all the technical aspects of the loading.

The company extended a special note of thanks to members of the team at Adani Mundra Terminal who extended their cooperation as always. This entire operation was completed in the allotted berthing window, enabling us to maintain the vessel’s service schedule.

The success of this operation has opened new doors for MSC to also cater to the heavy cargo category on container ships. This sets an excellent example of what perfect co-ordination and teamwork can do. Once again, the company raised the bar, proving the expertise and hard work can make the impossible, possible.

SFL Corporation Ltd. announced that it has agreed to acquire four modern Suezmax tankers in combination with long term time charters to a subsidiary of Koch Industries, a world-leading industrial conglomerate.

The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features including exhaust gas cleaning systems. The aggregate purchase price of the vessels is $222.5 million and the Company expects to take delivery between August and October.

The charter period of the vessels will be six years, adding approximately $250 million to SFL’s fixed-rate backlog. The charterer will have a possibility to terminate the charters after three years against a termination fee and also an option to develop a sale of one or more of the vessels from year four of the charter period, including a profit share arrangement with SFL.

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: “We are pleased to further expand our presence in the tanker market at what we believe is an attractive point in the cycle with historic low orderbook in the segment. The transaction demonstrates our standing in the market as a high quality provider of transportation services for industry leading customers, and we continue building our fleet and charter backlog with accretive acquisitions.”

SFL Corporation’s fleet of vessels is comprised of container vessels, car carriers, tanker vessels, bulkers and offshore drilling rigs. The company’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time.