Carbon Intensity Indicator (CII): Global Fleet Impact Assessment
Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed CIIs impact on the global fleet using VesselsValue data.
Simon Rowse, Head of Modelling and Data Science, explores estimated CII ratings, S&P activity and liquidity, average % speed adjustments required, and estimated % value changes for Bulkers, Tankers and Containers. Read the full piece here.
S&P Activity
“CII is becoming increasingly influential in the sale and purchase market. At the moment, this is primarily manifesting in the liquidity of vessels. Those vessels operating in band E have substantially lower liquidity than vessels operating in other bands. In 2022, transactions were completed involving approximately 10% (9.9%) of the Cargo fleet…”  Read more.
Average % Estimated Value Change
“On average across sectors, for band A vessels to operate in band C, the required 9% increase in speed would result in a 7% increase in vessel value. While for band E vessels to operate in band C, the average speed reduction of 12% would result in a discount of 12%…” Â Read more.
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VesselsValue data as of March 2023.
