StormGeo has launched a new Carbon Intensity Indicator (CII) Simulator, used to simulate ship performance and present the user with a view of vessel CII ratings and their potential commercial impact.
The software can be used to monitor compliance status over the course of a year and compute any deterioration to forecast next year’s CII ratings. If the simulation identifies any issues these can be notified to the shipowner to kick-start decision-making processes regarding vessel retrofits or major vessel conversions if operational measures are insufficient.
“Shipping companies are dealing with a high degree of uncertainty in commercial operations due to the upcoming implementation of the CII rating scheme,” said Kim Sørensen, COO of Shipping at StormGeo.
“We are proud to say that StormGeo’s unique CII Simulator helps shipowners and operators proactively mitigate the risk of being commercially uncompetitive while navigating the path towards a sustainable future for shipping.”
Norwegian pool operator Hansa Tankers is among the StormGeo clients that have committed to roll out the CII simulator to assess and improve the environmental performance of their fleets.
“StormGeo’s powerful and actionable CII Simulator provides us with a valuable tool that enables a better understanding of the commercial impact of the CII. Their out-of-the-box tool makes it easy to measure the CO2 impact of both pre-fixture and post-fixture emissions results and allows us to readily calculate the final CII based on validated data per voyage and year, including projections for future compliance,” said Torfin Eide, COO at Hansa Tankers.
“We acknowledge that the sooner we are able to integrate CII simulation into our daily operations and trading considerations, the better we will be positioned to manage the commercial impact of each vessel’s CII performance in our pool.”
“Hence, StormGeo’s newly developed CII Simulator provides us with a useful tool that will greatly assist us both in keeping abreast and optimising the use of our fleet, taking into account the impact of this regulation on our day-to-day trading decisions on behalf of the owners that we serve in our pool.”
The CII Simulator is available as part of the Environmental Performance Module in StormGeo’s s-Insight fleet performance management system.