GSBN, DNV ink major shipping decarbonisation MoU

GSBN, DNV ink major shipping decarbonisation MoU

Global Shipping Business Network (GSBN) has signed a Memorandum of Understanding (MoU) with DNV to promote decarbonisation and the adoption of alternative fuels by enabling the sharing of verified data for green claims.

The International Maritime Organization’s (IMO) Maritime Environment Protection Committee (MEPC 80) recently revised its greenhouse gas (GHG) strategy, with a goal to reduce CO2 emissions by at least 40 per cent by 2030.

Technological innovation and the introduction of alternative fuels and energy sources will be integral to achieving the overall ambition.

To achieve this, GSBN hold that there is a need to accurately measure and track emissions reduction data across the supply chain as well as ensure the green claims on environmental performance are reliable, comparable, and verifiable to provide the accountability of decarbonisation investments.

DNV has recently launched Emissions Connect, an emissions data verification engine, as a major step in enabling the verification of operational data.

Under the MoU, DNV, and GSBN will collaborate to conduct pilots with its existing shipping line members to connect verified shipment data from DNV, with a goal of issuing reliable and accountable green claims to end users backed by real granular data.

As the industry is going through major changes, such as the EU ETS, and various book and claim systems, trustworthy data at the shipment level is vital for customers to participate in the decarbonisation journey, according to GSBN.

Bertrand Chen, CEO at GSBN, said: “To achieve shipping decarbonisation at scale, it needs to have a robust data foundation of verified data to enable trusted data sharing across the fragmented and complex supply chain.

“GSBN’s network of Shipping members and its blockchain infrastructure are ideally positioned for this use case.

“By partnering with DNV, users of the platform can share verified data for vessel operations granularly with end customers to support decision making and prove claims of sustainable shipping.”

READ: GSBN, GCMD pen data sharing partnership agreement

Trond Hodne, Business Director Maritime, DNV said: “We are excited to partner with GSBN and the users of the network to accelerate decarbonisation across the shipping industry.

“We empower our customers and their stakeholders with facts and reliable insights so that critical decisions can be made for the good of the environment.

“With GSBN’s data infrastructure and our service, we can help the users of the network enable a higher transparency and accountability in relation to green claims.”

Earlier this summer, GSBN welcomed the New Land-sea Corridor Operation Co Ltd, (NLSC) as a new member, expanding the way for digitally integrated land and sea trade routes between Asia and Europe.

More recently, COSCO SHIPPING Energy Transportation (COSCO) and COSCO SHIPPING Bulk (COSCO Bulk) joined the Global Shipping Business Network GSBN consortium and issued the first electronic bills of lading (eBL) for energy and bulk shipments.

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