Can we afford to wait for IMO EEXI?

Ships are wasting fuel & emitting unnecessary CO2 today!

The current EEXI proposals going through the IMO are planned to enter into force on 1st January 2023. With no enforcement being considered any serious reduction in CO2 emissions may still be way over the horizon.

Detailed studies by Azurtane have concluded that every ocean-going vessel is wasting from 2% to over 5% of its annual fuel consumption. Putting this into context, International shipping’s contribution to immediately reducing CO2 emissions could be as much as 40Million tonnes per year. This is not only an accelerated path to zero CO2 but also a significant cost saving.

“Today most ships are sailing blind” says Don Gregory from Azurtane. He said “ships typically measure and report fuel consumption on a daily basis”. The so called “noon day report” has little detailed information on the intervening 24-hour period on the conditions the vessel encountered and the minute-by-minute carbon emissions. In terms of management of cost, greater granularity of operational data and application of scientifically calculated solutions is required in real time to enable both fuel savings and reduction in CO2 otherwise ships will continue to operate inefficiently burning fuel, contaminating the atmosphere and soaking up huge amounts of cash.

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