Five large containerships of Greek shipping company Costamare will be the first worldwide to operate in full compliance with MEPC/circ. 471 of IMO regarding operational CO2 indexing.
Costamare has registered the vessels Cosco Guangzhou, Cosco, Ningbo, Cosco Yantian, Cosco Beijing and Cosco Hellas with Germanischer Lloyd’s operational CO2 indexing program. On the basis of consumed fuel, transported cargo and distance sailed, CO2 emissions are to be determined using Carbon emission factors. Computed index values can be compared to sister ships’ indices and eventually be used to minimise emissions from transport.
The agreement was signed on 4 June at Posidonia between Costis V. Constantakopoulos, CEO of Costamare Shipping, and Dr. Hermann J. Klein, Member of the Executive Board Germanischer Lloyd.
CO2-Index
Germanischer Lloyd demonstrates the availability and functionality of an operational CO2-index for shipping: The classification society has launched this CO2-index based on MEPC/Circ.471. It is available for all GL classed ships. Each ship owner and management company can check the complete status of their GL classed fleet using the fleet online portal.
The implementation of the operational CO2 index is one step to consistently reduce CO2 emissions. Applied on several ships of a fleet, it allows a comparison of CO-indices. This function in particular is expected to trigger a learning effect as differences in fuel consumption will be made explicit and more transparent with the data associated to each vessel and voyage segment.
Calculating the Operational CO2-Index
The new CO2-index tool by GL can be used today to record fuel consumption, transported cargo and distance between two consecutive ports. With carbon emission factors specified by the IMO, the operational CO2-index is calculated for each voyage and later averaged for a defined period, usually a year. At the end of the period, a GL surveyor will check the recorded data and eventually issues a certified operational CO2-index which is then valid for the next period.
Reasons Behind the CO2-Index
The new CO2-index tool by GL can be used today to record fuel consumption, transported cargo and distance between two consecutive ports. With carbon emission factors specified by IMO, the operational CO2-index is calculated for each voyage and later averaged for a defined period, usually a year. At the end of the period, a GL surveyor will check the recorded data and eventually issues a certified operational CO2-index which is then valid for the next period.
In 2003, the United Nations Framework Convention on Climate Change
(UNFCCC) tasked IMO to initiate developments related to the reduction of green house gas emissions from ships. The assembly of IMO adopted this in a resolution. In 2005, MEPC completed an interim guideline on operational CO2-indexing, as a first step towards measuring the CO2-emissions from international shipping. Today, the operational index is considered to be one element of a package of measures to eventually facilitate CO2-emission reductions from shipping.
Although shipping is one of the smaller contributors to global CO2-emissions, the inclusion of maritime transport in a future emission control regime is currently under discussion at international political levels and is assumed to become reality after 2012. The operational CO2- index for ships is considered as a future link towards market-based instruments such as an emission certificate trading system.
Source: https://www.hme.nl/english/News/Costamare_Shipping_and_Germanischer_Lloyd_sign_agreement_for_World_s_First_Five_Ships_Operate_with_Operational_CO2-Index/Default.aspx?rId=383[HME]Costamare has registered the vessels Cosco Guangzhou, Cosco, Ningbo, Cosco Yantian, Cosco Beijing and Cosco Hellas with Germanischer Lloyd’s operational CO2 indexing program. On the basis of consumed fuel, transported cargo and distance sailed, CO2 emissions are to be determined using Carbon emission factors. Computed index values can be compared to sister ships’ indices and eventually be used to minimise emissions from transport.
The agreement was signed on 4 June at Posidonia between Costis V. Constantakopoulos, CEO of Costamare Shipping, and Dr. Hermann J. Klein, Member of the Executive Board Germanischer Lloyd.
CO2-Index
Germanischer Lloyd demonstrates the availability and functionality of an operational CO2-index for shipping: The classification society has launched this CO2-index based on MEPC/Circ.471. It is available for all GL classed ships. Each ship owner and management company can check the complete status of their GL classed fleet using the fleet online portal.
The implementation of the operational CO2 index is one step to consistently reduce CO2 emissions. Applied on several ships of a fleet, it allows a comparison of CO-indices. This function in particular is expected to trigger a learning effect as differences in fuel consumption will be made explicit and more transparent with the data associated to each vessel and voyage segment.
Calculating the Operational CO2-Index
The new CO2-index tool by GL can be used today to record fuel consumption, transported cargo and distance between two consecutive ports. With carbon emission factors specified by the IMO, the operational CO2-index is calculated for each voyage and later averaged for a defined period, usually a year. At the end of the period, a GL surveyor will check the recorded data and eventually issues a certified operational CO2-index which is then valid for the next period.
Reasons Behind the CO2-Index
The new CO2-index tool by GL can be used today to record fuel consumption, transported cargo and distance between two consecutive ports. With carbon emission factors specified by IMO, the operational CO2-index is calculated for each voyage and later averaged for a defined period, usually a year. At the end of the period, a GL surveyor will check the recorded data and eventually issues a certified operational CO2-index which is then valid for the next period.
In 2003, the United Nations Framework Convention on Climate Change
(UNFCCC) tasked IMO to initiate developments related to the reduction of green house gas emissions from ships. The assembly of IMO adopted this in a resolution. In 2005, MEPC completed an interim guideline on operational CO2-indexing, as a first step towards measuring the CO2-emissions from international shipping. Today, the operational index is considered to be one element of a package of measures to eventually facilitate CO2-emission reductions from shipping.
Although shipping is one of the smaller contributors to global CO2-emissions, the inclusion of maritime transport in a future emission control regime is currently under discussion at international political levels and is assumed to become reality after 2012. The operational CO2- index for ships is considered as a future link towards market-based instruments such as an emission certificate trading system.
Source: https://www.hme.nl/english/News/Costamare_Shipping_and_Germanischer_Lloyd_sign_agreement_for_World_s_First_Five_Ships_Operate_with_Operational_CO2-Index/Default.aspx?rId=383[HME]
