23 September 2023
Technology company ZeroNorth is a digital spin-off of Maersk Tanker. It has revealed that its platform prevented 218,000 tonnes of CO2 from releasing into the atmosphere in 2021. Achieving it at a time when shipping’s emissions as a whole increased by 4.9%.
Significantly, this saving occurred at the same time as users were able to improve their earnings. Hence, proving that there is latent potential for shipping to optimize its operations for both profit and planet.
To calculate the emissions savings, ZeroNorth examined vessels whose voyages have undergone optimization using its software. The results are an indicator of the ZeroNorth platform’s potential to cut emissions from shipping.
To further support the maritime decarbonization transition, ZeroNorth is also unveiling a new CII optimization functionality in its platform. The new CII optimization option means that ship owners and operators can optimize their voyages for CII-based decision-making.
Note that, the ZeroNorth platform is combining a huge variety of; vessel, market, bunker, and weather data together with its algorithms. Hence, it now offers a green route – that considers emissions together with profit – to improve or maintain vessel CII ratings.
“This will provide the industry with a vital tool as it manages its decarbonization journey on top of its CII compliance, and improve accountability to counterparties who show interest in CII-related performance,”Maersk Tankers
Owners can opt to make CII route choices depending on their operational and commercial priorities. Moreover, the route recommendations provide a transparent view of the CO2 and dollar impact of making a given route decision.
“As a purpose-driven company, everything ZeroNorth does is focused on helping the industry tackle its emissions. We see this as a strong first step in making global trade green and are proud that our platform has made a positive contribution in a market where emissions are still going in the wrong direction… We also believe that launching our CII optimization feature will give the industry another means to act on its environmental footprint. The tightening regulatory environment in shipping is creating an urgency to act, which in turn can help the industry’s green transition. Commercial entities need to do their part, which is why we are building a platform to drive the industry’s sustainability.”Lora Jakobsen, Chief Purpose Activist, ZeroNorth