Hyundai Merchant Marine (HMM) has announced that 99 per cent of its owned ships are suitably positioned to maintain compliance with the Carbon Intensity Indicator (CII) regulation during voyages.
The outcome resulted from the verification of ‘KR GEARs,’ a greenhouse gas (GHG) Emission Authentic Reporting system launched by the Korean Register (KR).
The International Maritime Organization (IMO)’s CII is an energy efficiency metric for ships with a gross tonnage of more than 5,000 gross tonnes.
It is computed as CO2 emitted per tonne of cargo and nautical mile based on previous year’s transportation data and fuel use.
CII is assigned an A, B, C, D, or E grade (A being the best). The performance level is indicated by the grade, which might be major superior, minor superior, moderate, minor inferior, or inferior.
A ship rated D for three consecutive years, or E, must submit a corrective action plan outlining how it will reach the requisite index (C or higher).
The IMO intends to use a CII rating beginning in 2024, based on vessel performance in 2023.
KR GEARs features online GHG data management, including a real-time CII monitor, CII simulator, and ETS computation.
The CII rating may be calculated and controlled in real time using this platform. Users can also generate their EU MRV Emission Report and IMO DCS Fuel Consumption Report automatically.
Except for one bulk ship, 99 per cent of HMM’s 67 owned boats earned a rating from A to D, which is now authorised for vessel operation.
The E-rated bulk carrier is projected to enhance its CII rating by modifying ship speed and utilising low-carbon biofuel.
HMM’s CII rating was principally influenced by an 11.1 percent decrease in port stay time for its containerships.
The efforts on slow-steaming and installing more efficient propellers have also reportedly contributed to enhancing energy efficiency.
In addition, HMM aims to expand the use of premium anti-fouling paints to decrease ship resistance and will continue to promote alternative clean fuels.
An HMM official stated: “Responding to climate issues and improving environmental capabilities are key to success for a sustainable future. We will be dedicated to moving faster and better preparing for stricter environmental regulations.”