Sea, an advanced platform for arranging freight transportation, is introducing the Carbon Exposure Solution, a tool that will allow users to accurately assess and incorporate their CO2 exposure calculations with emissions goals.
Sea‘s novel tool will allow clients to smoothly adjust to the EU Emissions Trading Scheme (EU ETS) regulations, which, as of January 2024, cover shipping and impose a charge on CO2 emissions for vessels exceeding 5,000 tonnes.
This expansion of the EU ETS has shifted focus towards the environmental consequences of decisions made in the pre-fixture stages of shipping. Now, charterers, brokers, owners, and operators are under pressure to take into account the emissions and potential cost savings that can be planned for at that specific stage.
The Carbon Exposure Solution launched by Sea offers several key functions to help companies make more informed and climate-forward decisions.
It allows for the planning of voyages based on a variety of factors, including cargo type, volume, laycan, load and discharge port, ballast and laden speed, and vessel name or IMO numbers.
Additionally, the solution provides intelligence on carbon exposure by offering a detailed vessel comparison table with CII and EEOI ratings, as well as ballast, laden, and total CO2 emissions.
This level of transparency extends to providing insight into EU ETS cost estimates and Voyage EEOI.
The Carbon Exposure solution also includes a Carbon Tracker Dashboard, which evaluates expected and actual environmental performance compared to set targets.
Peter Schroder, CEO of Sea, shared that the company is proud to be launching this product at a time crucial for the whole industry, when the EU has expanded regulations to include shipping as well.
He said, “All players across the industry must be able to track, report on, and reduce their emissions; decisions taken at the pre-fixture stage will be integral to each stage of this process and can have a huge impact on both costs and carbon. Ensuring these decisions are underpinned with the right data and insights should be top of the agenda for charterers, brokers, operators, and owners.”