The IMO (International Maritime Organisation) is intensifying its commitment to phase out GHG emissions from international shipping.
As part of its Greenhouse Gas Strategy adopted in 2008, a new IMO 2023 regulation sets out the following goals for international shipping:
By mid-2023, the organisation will reach a decision for a revised strategy to further strengthen these goals. As these policies are formalised alongside discussions of measures like taxation on emissions, companies face an incoming wave of challenges. New regulations mean new restrictions, like limitations on speed and the use of older vessels. Fleets may need updates to stay compliant and competitive, leading to capacity restraints, increased transit times, and even the detention of old vessels for retrofitting. Shipping rates are influenced (and not in a good way).
While these new regulations may seem daunting, they present an opportunity for ship owners and operators to demonstrate flexibility and scale operations while increasing energy efficiency. The key to success? Embrace technology.
New technologies help incentivise the industry to decarbonise in a way that doesn’t disrupt operations. With Vessel Insight, we’re connecting your onboard vessel data using certified technology for vessel-to-cloud data availability. Even for equipment that has traditionally not been connected.
That means your data is live in a cloud environment, giving high-frequency access to reliable data that reflects real-time operations. This data is pushed to the cloud and used to create an asset model for any vessel. It’s a virtual version of the operating model. The best part? Now that the data is available, it can be used in a host of other applications that drive more efficient operations.
Here are just some of the use cases that become a reality when vessel data is connected to the cloud:
As regulations continue to unfold, going digital offers a way for operators to stay ahead of the regulatory curve and respond swiftly to emerging complexities. Ready to connect?
Contact us to find out more about digital operating models for the maritime industry that help you work smarter, safer, and greener.
Schedule a demo to see the benefits for yourself