Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets. This addition to Sea’s all-in-one platform for pre-fixture workflows will enable customers to adapt to the EU Emissions Trading Scheme (EU ETS), which has been extended to cover shipping as of January 2024 – placing a cost on CO2 emissions for vessels over 5,000 tonnes.

The extension of the EU ETS has placed an urgent impetus on charterers, brokers, owners, and operators to consider the impact of decisions made during the pre-fixture stages, where both emissions and cost savings can be achieved. This solution allows for effective planning of voyages, provides emissions intelligence and profiles to compare and select vessels, and will allow users to track their decisions against the EU ETS, as well as other industry and company targets. This data-driven insight will then support customers in better decision-making that can lower both the cost and carbon impact of voyages.

The key functionalities of the Carbon Exposure solution include:

Voyage carbon planning: Voyages can be planned based on variables such as cargo type, cargo volume, laycan, load & discharge port, ballast & laden speed, and vessel name or IMO numbers.

Carbon exposure intelligence: A comprehensive vessel comparison table is provided, including CII and EEOI ratings plus ballast, laden, and total CO2 emissions. Transparency into EU ETS cost estimates are also available, alongside the Voyage EEOI, which gives the user a holistic view of the environmental impact of their voyage decisions. Finally, the user will then be recommended the most environmentally friendly vessel from the comparison, in terms of CO2 emissions.

Carbon target tracking: The industry-first Carbon Tracker Dashboard helps users assess their expected and actual environmental performance against the company’s set targets. Intelligence about and visualisation of how specific voyages contribute to emissions enables users to identify areas of improvement and optimise their vessel selections and voyages to meet the targets. The visibility of estimated emissions for potential voyages aids the decision-making in the voyage planning stage.

For those customers who already track emissions through the Sea platform, they will also be able to see their actual emissions output alongside this data. Sea’s aim is to ultimately make the platform data agnostic and enable the integration of additional data providers, creating a truly open marketplace for customers.

Peter Schroder, CEO of Sea, said: “We’re proud to bring this solution to market at such an important time for the industry, now that the EU ETS has been expanded to cover the shipping industry. 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.”
Source: SEA