New VesselsValue tool allows users to estimate fuel, distance and CO2 in real time

Offshore staff

LONDON — VesselsValue (VV) has expanded its Green data offering by incorporating Carbon Intensity Indicator (CII) and Engine Power Limitation (EPL) features.

The data provider said these latest additions to the Green product range allow clients to estimate fuel, distance and CO₂ in real time.

The new features combine VV’s extensive shipping data with the International Maritime Organization (IMO) framework to calculate the energy efficiency score for an individual vessel, whether existing or a newbuild. It is available across bulkers, tankers, containers and reefers, with CII additionally covering cruise, gas, vehicle carriers, small dry and small tankers.

The CII is being introduced by the IMO next year in a bid to minimize the shipping industry’s carbon emissions, whereby all vessels over 5,000 GT are required to calculate and submit a value of CII for each calendar year.

The new CII feature will allow users to view current and historical estimated CII ratings for individual vessels and fleets quickly and easily. Users can access the following data for individual vessels, year to date and previous three years: CII rating (bands A–E), attained and required annual efficiency ratio (AER), CO₂ emitted, distance traveled, time underway and fuel consumed.

Relating to EEDI/EEXI, users can now estimate the limited engine power and reduced reference speed to bring a non compliant vessel into EEXI compliance.

Simon Rowse, head of modelling and data science said, "Increasing regulation of greenhouse-gas emissions is highly likely to remove capacity from the shipping system. For the first time, we can start to understand the extent to which each sector will be affected. We are helping organizations understand the extent to which each shipping sector will be impacted by the imminent and ongoing introduction of environmental regulation."

09.28.2022