ABS Launches Smart Emissions Reporting Tool

(HOUSTON) ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators.

ABS Emissions Reporter™ allows vessel operators to input and monitor their IMO Data Collection System (DCS) and EU Monitoring Reporting and Verification (MRV) review process with ease and efficiency.

The easy-to-use, self-service application tracks the status of the verification process and, once the data has been verified by ABS engineering, makes it simple to export the results and submit to the appropriate organization.

The ABS Emissions Reporter is just the latest digitally-enabled support for environmental compliance geared toward shipowners and clients launched by ABS, which also launched the ABS Environmental Monitor™ sustainability solution in February. A key part of the ABS My Digital Fleet™ risk management platform, ABS Environmental Monitor is one of the maritime industry’s most comprehensive digital sustainability solutions to help shipowners achieve their sustainability goals. By leveraging vessel waste streams and emissions data, users receive transparent reporting to support and inform more sustainable vessel operations. ABS Emissions Reporter seamlessly connects with ABS Environmental Monitor.

“Shipowners are faced with a significant degree of new environmental regulation, making managing fleet compliance more challenging than ever before. ABS is committed to supporting the industry meet its environmental challenges and this application is the latest evidence of that. It streamlines environmental compliance, making the complex process simple, seamless and straightforward to deliver,” said Georgios Plevrakis, ABS Director, Global Sustainability.

Once registered, the application interface makes it easy for ship managers to upload IMO DCS and EU MRV vessel details, reporting data and supporting documents through the application’s user interface.

ABS Emissions Reporter Features:

  • A key element of the ABS My Digital Fleet platform
  • Connects with ABS Environmental Monitor™
  • Data quality checks and validation during upload for real-time feedback
  • Instantly connect and communicate with an ABS Engineer
  • Monitor and receive notifications on review status in real time
  • Downloadable annual reports that are compatible with EU THETIS-MRV module
  • Real-time analysis of data upon report submission
  • User-friendly interface, configurable account management settings and notifications

Go here for more information or register for access to the application here

Digital shoppers must understand the vital role shipping plays in delivering their goods, Princess Royal tells industry leaders

Her Royal Highness The Princess Royal, Patron of Maritime UK, demonstrated the importance of London International Shipping Week (LISW) by attending a VIP reception at Banqueting House on Tuesday evening (September 10).

With her usual wit, charm and insight, Princess Anne spoke knowledgeably about the international maritime sector, the role of the seafarer, and modern global trade.

Addressing those among the 500 guests “with real faith in the digital world,” The Princess Royal raised a laugh by saying: “Feel free – I think we need a backup!”

Outlining the important role LISW plays in raising awareness of the depth and breadth of the maritime sector, she said: “The digital world is an interesting one and it’s quite ‘press button’. Somehow we’ve got to get across to those online shoppers that it doesn’t arrive from so far through the ether – it has to find slightly more prosaic ways of getting there.”

“You represent the vast majority of the method by which they receive the things that they press the button for,” she told LISW grandees, “This week is a really important part of understanding where our investments need to go.”

Her Royal Highness, a great supporter of the maritime sector, seafarers and the Royal Navy, said: “As an island we definitely need to understand the critical value of the sea to us and, as an island nation how to deal with it, and what it means to us in a much wider capacity.”

She advised: “If we want our trade to travel at sea, then the people who do that and the ships that they’re in, need to be as good as they can, so the people that back them up, the skills that they need, and the innovations that need to go with that to develop safer ways of transporting our goods by sea will remain a key to all of your interests.”

To the audience of shipping industry leaders, she said: “It is hugely encouraging to know that there are so many of you who have accepted the invitation to come and raise the profile of the maritime sector globally. I’m delighted that you are making this week what it is – an international event.”

The reception at Banqueting House, hosted by Her Majesty’s Government and Maritime UK, formally welcomed the many industry leaders and overseas Ambassadors to London for this premier shipping industry event, which features more than 200 meetings, seminars, conferences and round tables. Speeches were also given by the Secretary of State for Transport, the Rt. Hon. Grant Shapps MP; Rt. Hon. Nusrat Ghani MP, Parliamentary Under Secretary of State for Maritime; Lord Mountevans, Chair of the LISW Board of Advisors, and Harry Theochari, Chair of Maritime UK.

Further images can be found by visiting the LISW flickr page.


Fourth Propulsion Revolution: ICS Reaches Beyond the Shipping Community

A packed house of delegates was confronted yesterday with the reality of powering global trade without the use of fossil fuels. At the International Chamber of Shipping’s 2019 Conference – Setting Course for 2050 : Powering Global Trade, more than 30 influential speakers from around the world challenged the shipping community to fully explore the options open to the industry and the decisions it faces – decisions which will have implications beyond the sector’s own boardrooms.

Speakers included the Rt. Hon. Nusrat Ghani MP, Parliamentary Under Secretary of State for Maritime, Department for Transport; Kitack Lim, Secretary-General, International Maritime Organization, The Rt. Hon. The Lord Turner of Ecchinswell, Chair, Energy Transitions Commission, Dr Rhian-Mari Thomas OBE, CEO of the Green Finance Institute and Emanuele Grimaldi, President and Managing Director, Grimaldi Group S.p.A.

One of the most sobering statements came at the beginning of the day from Professor Anders Hammer Strømman of the United Nations Intergovernmental Panel on Climate Change who reminded the audience that “Depending on the amount of CO2 released, between 15 to 40% of emitted CO2 will remain in the atmosphere for up to 2,000 years.”

In his opening remarks on behalf of ICS Emanuele Grimaldi reflected on the challenge ahead and the ground-breaking agreement on CO2 emissions concluded in April last year, known as ‘The Paris Agreement for Shipping’. He reminded the audience that we are embarking on the most important transformation to face the maritime sector since the transition from sail to steam saying: “We all know that change is coming and as in all business the winners will be those who identify the opportunities and make the right decisions.”

He added: “It represents a fundamental transformation in the business of shipping, something that we at ICS call the Fourth Propulsion Revolution.”

Acknowledging the panel of speakers he concluded: “What is also clear is that we can’t do it alone. Without the support of consumers, policymakers, the finance community and suppliers the Fourth Propulsion Revolution will be stifled. We must all work together to mitigate the risk of transformation. Risk is our common language. And we need to reach beyond our own community to ensure that the risk is equitably allocated and priced.”

The packed agenda covered climate science, research and development, finance, policy instruments and the role of the Global Maritime Value Chain.

For more pictures on the event visit the LISW19 website.

Baltic Exchange launches new ship operating expenses assessment

The Baltic Exchange has launched a new assessment to track the cost of operating vessels. Initially covering a range of dry bulk vessels, the service will also be expanded to tankers and other sectors.

The Baltic Operating Expense Index (BOI) will be published quarterly and based on assessments from three leading independent third-party ship management companies: Anglo-Eastern, Columbia Shipmanagement and Fleet Management. Collectively they manage a fleet of over 1,800 vessels. Additional companies are expected to join the panel in the future and a residual price calculation added later this year.

Baltic Exchange Chief Executive Mark Jackson said:

“The Baltic Operating Expense Index is intended to provide transparency to the fluctuations in running costs. Daily operating costs are one of the variables used by shipping investors to calculate the profitability and residual value of their assets. We already provide independent freight, sale & purchase and recycling assessments. With the addition of operational expenses assessments, shipping investors now have a complete toolkit to manage their risk and aide their decision process.”

Each panel member will submit four numbers, expressed in USD per day. Three will be combined to produce the BOI:

  • Crew (USD per day, including all fees)
  • Technical ((USD per day, including all fees)
  • Insurance (USD per day, including all fees and rebates)

The fourth, an assessment of a five year Drydock cost, will be amortised over five years to give a USD/day price, but published separately and will not contribute to BOI.

Assessments will be provided quarterly. Q4 2018 and Q1 and Q2 2019 assessments are available following a recent trial. Q3 2019 assessments will be published on 17 October.

The assessments will be available on www.balticexchange.com to subscribers to Baltic Exchange market information services.

The vessels initially assessed are:

Capesize: 180,000 mt dwt built in “first class competitive yard”, 199,000cbm grain, LOA 290m, beam 45m, draft 18.2m SSW. Not ice classed, not scrubber fitted, 5 years old & special survey passed.

Panamax: 82,500 mt dwt built in “first class competitive yard”, 97,000cbm grain, LOA 229m, draft 14.43m. Not ice classed, not scrubber fitted, 5 years old & special survey passed.

Supramax: 58,328 mt dwt on 12.80m draft SSW built in “first class competitive yard”. LOA 189.99m, Beam 32.26m, 72,360 cbm grain, 5 holds/hatches, 4 x 30mt cranes with 4 x 12cbm grabs. Not ice classed, not scrubber fitted, 5 years old & special survey passed.

Handysize: 38,200mt dwt at draft 10.538m SSW, built in “first class competitive yard”, 47,125cbm grain, LOA 180m, beam 29.8m, 5 holds, 5 hatches, 4 x 30mt cranes. Not ice classed, not scrubber fitted, 5 years old & special survey passed.


ABS Supports Amver Awards Honoring UK’s Commitment to Saving Lives at Sea

(LONDON) ABS continued its long-standing backing of the Amver Awards by sponsoring a ceremony recognizing the contribution of UK shipping to the unique reporting system supporting search and rescue efforts for those in distress at sea.

The awards honored 397 UK managed vessels from 54 companies for their commitment to maritime safety, making themselves available to assist in search and rescue activities anywhere in the world.

“The Amver awards recognize the seafarers who operate the global fleet and bravely assist people in peril at sea. They also honor the companies who make safety a priority,” said David Davenport-Jones, ABS Director, UK Business Development. “ABS is proud to support all of their efforts, which align closely with our own safety-focused mission.”

Benjamin Strong, Amver Director, said: “There is no nation more keenly aware of the importance of the seafarer than Great Britain. Amver participation from ships from the United Kingdom and those flying the Red Ensign are critical pieces of Amver’s global search and rescue capability. Whether these ships are rescuing those in distress, searching for suspected emergencies, or simply reporting their locations in the event of an emergency, these crews and companies represent the best of what shipping has to offer and the United States Coast Guard is grateful for their cooperation.”

Amver – Automated Mutual-Assistance Vessel Rescue System – is an international voluntary reporting system sponsored by the United States Coast Guard and used worldwide by search and rescue authorities to arrange for assistance to persons in distress at sea.

About ABS

ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.

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