HOUSTON- May 18, 2022 – The Blue Sky Maritime Coalition (BSMC) has released a new report today titled “A Perspective on IMO Efficiency Measures: Opportunities for Improvement” which highlights key opportunities to improve current international efficiency measures.
“This report is a great example of industry collaborating to find opportunities for improvement and spurring further discussion among key stakeholders. As a member-led organization focused on decarbonizing the maritime industry, BSMC brings together diverse perspectives with the goal of getting to net-zero emissions by 2050, and this report offers another step in that direction,” said David Cummins, BSMC President and CEO.
Developed by the Finance, Commercial and Chartering Workstream, the report offers insights on how decisions made by charterers can affect vessel operations, ultimately impacting the efficiency rating of ship owners. The report concludes that more work will be needed to fine tune the existing calculation method and benchmarking. Maritime stakeholders welcome the opportunity to improve vessel operational performance through robust reporting regimes, necessary to consistently measure emissions.
To address the issues raised, the report recommends mutual responsibility and obligation by both the charterer and ship owner to reduce emissions. To accomplish this, both parties must have transparent negotiations and data sharing under a new era of chartering contracts where environmental key performance indicators (KPIs) become instrumental to vessel selection criteria and commercial utilization.