StormGeo announces CII simulator to advance shipping decarbonization
StormGeo has announced the launch of a new Carbon Intensity Indicator (CII) Simulator.
The new tool simulates vessel carbon intensity by presenting a complete view of the CII rating and its commercial impact, helping shipowners and operators efficiently decarbonize their operations, remain compliant, and stay competitive.
Created using feedback from clients and shipowner associations, the CII Simulator, a first to market solution, delivers a flexible, powerful, and actionable tool to collaborate on operational deployment and achieve desirable CII ratings by:
• Assessing environmental performance and efficiently computing compliance status of vessels.
• Providing decision support to meet environmental goals and commercial obligations.
• Comparing vessel trading patterns in relation to carbon intensity limits.
• Confidently estimating the impact of operational measures on CII performance.
• Providing a reliable CII through validated and secure data management from ship to shore.
By leveraging digital technology to simulate vessel carbon intensity, shipowners and operators can better manage their environmental performance and develop a competitive advantage in the market.
Kim Sørensen, COO of Shipping at StormGeo, says:
"Shipping companies are dealing with a high degree of uncertainty in commercial operations due to the upcoming implementation of the CII rating scheme. 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."
StormGeo clients have already adopted the new CII Simulator. The leading Norwegian pool operator Hansa Tankers, for example, plans to roll out StormGeo's CII simulator to assess and improve the environmental performance of its fleet.
Torfin Eide, COO at Hansa Tankers, says:
"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."
Understanding that it is difficult for shipowners and operators to stay up to date on the new regulatory scheme, StormGeo's CII Simulator is designed to make it easy to improve environmental numbers and reach decarbonization targets.
Dr. Thilo Dückert, VP of Fleet Performance Management at StormGeo, says:
"The CII Simulator equips shipowners and operators with a smart decision tool that is easy and intuitive to use. It takes complicated tasks and distills them into actionable data to proactively manage the commercial performance of vessels and systematically mitigate the impact of commercial uncertainties."
StormGeo's CII Simulator not only monitors the compliance status over the course of a year but also computes any deterioration to forecast next year's CII ratings. If the simulation identifies any deterioration, shipowners can easily trigger decision-making processes regarding vessel retrofits or major vessel conversions if operational measures are insufficient.