NEW United Nations emissions regulations are complicating an already-difficult decision-making process in ordering multipurpose and heavy-lift vessels, reports new York's Journal of Commerce.
The UN's International Maritime Organisation's (IMO's) energy efficiency existing ship index (EEXI) and carbon intensity indicator (CII) regulations are in force as of January 1 though they remain in a data collection phase only until early 2024.
The European Union's stringent emissions trading system (ETS), already in place for some sectors such as power generation and other energy-intensive industries, will begin phasing in for all maritime trade in 2024.
The ETS 'will affect all carriers from 2024 onwards and put a significant financial price tag on cargo carried [into, out of] and within European waters,' said Christian Hoffmann, director, group strategy and marketing for Bremen-based shipping company Harren & Partner.
Although the CII and EEXI regulations may not affect all multipurpose and heavy-lift ships, all vessels must collect emissions data and comply with other emissions regulations, said BIMCO deputy secretary general Lars Robert Pedersen.
The regulations have delayed shipbuilding because there is so much still unknown about what alternative fuel or fuels will power future fleets. Vessel owners can't delay vessel construction decisions forever, but they need clarity.
SeaNews Turkey
The UN's International Maritime Organisation's (IMO's) energy efficiency existing ship index (EEXI) and carbon intensity indicator (CII) regulations are in force as of January 1 though they remain in a data collection phase only until early 2024.
The European Union's stringent emissions trading system (ETS), already in place for some sectors such as power generation and other energy-intensive industries, will begin phasing in for all maritime trade in 2024.
The ETS 'will affect all carriers from 2024 onwards and put a significant financial price tag on cargo carried [into, out of] and within European waters,' said Christian Hoffmann, director, group strategy and marketing for Bremen-based shipping company Harren & Partner.
Although the CII and EEXI regulations may not affect all multipurpose and heavy-lift ships, all vessels must collect emissions data and comply with other emissions regulations, said BIMCO deputy secretary general Lars Robert Pedersen.
The regulations have delayed shipbuilding because there is so much still unknown about what alternative fuel or fuels will power future fleets. Vessel owners can't delay vessel construction decisions forever, but they need clarity.
SeaNews Turkey