Enhancing Sustainable Shipping through Data-driven Approaches

Taking Sustainable Shipping to the Next Level With Data
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The maritime industry is focusing on achieving more sustainable operations as decarbonization becomes more urgent. The International Maritime Organization (IMO) has implemented regulations to reduce greenhouse gas emissions, such as the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII), and shipping will be added to the EU’s Emissions Trading System (ETS) next year. Responding to these demands, shipowners, operators, and charterers need to optimize their daily operations to comply with new regulations and achieve more sustainable outcomes.

Data and digital solutions offer a way to drive operational efficiencies that benefit both profit and the planet. The industry’s digital transformation is facilitating data-driven and informed decision-making for shipowners, operators, and charterers. Better weather routing, bunker procurement, and reporting can be leveraged to achieve more efficient, profitable, and sustainable voyages. However, the lack of standardized data and analysis platforms across the maritime value chain and the industry’s siloed nature hinders collaboration and impedes optimal shipping operations.

To overcome these challenges, the industry needs to embrace digital technologies and data, prioritize transparency, and break down silos. Using data platforms and analytics, companies can achieve unparalleled transparency, identify areas of operational improvement or optimization, and align with stakeholders. Data insights underpin decision-making that can transparently and measurably meet strategic, environmental, and commercial goals. By using data to drive better collaboration, the maritime industry can collectively drive the green transition.

In conclusion, the maritime industry is facing the challenge of decarbonization, and the use of data and digital solutions has emerged as a key enabler of more sustainable operations. The industry needs to break down silos and prioritize transparency to leverage data and analytics-driven decision-making, align stakeholders, and reduce emissions while improving profitability.

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