Environmental
A Balanced approach to sustainable transition
In 2023, the global maritime industry continued its multifaceted journey towards a more sustainable and environmentally responsible future. Collaboration, innovation, and careful planning will be pivotal in navigating this complex landscape towards sustainable maritime solutions while maintaining high safety and environmental standards.
Reducing the impact from maritime operations
With growing concerns about the environmental impact of maritime operations, companies strived to incorporate sustainability and ESG practices into their strategy.
The adopting of cleaner fuel alternatives, reducing emissions, implementing waste management protocols, and complying with international environmental standards, set the tone and context for decarbonisation of the shipping industry throughout year 2023 and beyond.
Bridging the gap between estimated supply of carbon neutral fuels versus anticipated demand still needs alignment and adaptation in the quest for a greener maritime ecosystem
INSB Class also places a strong emphasis on promoting sustainable development. In an era where environmental concerns are paramount, INSB Class provides services and solutions that prioritize eco-friendly practices and technologies, including assessing and implementing measures to reduce emissions, improve fuel efficiency, and enhance environmental sustainability within the maritime sector.
With growing concerns about the environmental impact of maritime operations, companies incorporate sustainability practices into their strategy.
This involves adopting cleaner fuel alternatives, reducing emissions, implementing waste management protocols, and complying with international environmental standards.
INSB Class also places a strong emphasis on promoting sustainable development.
In an era where environmental concerns are paramount, the company likely offers services and solutions that prioritize eco-friendly practices and technologies.
This could include assessing ships as per relevant standards aiming to reduce emissions, improve fuel efficiency, and enhance environmental sustainability throughout the maritime sector
Bringing Existing Ships in Line with Decarbonisation Goals
Throughout the year 2023, INSB continued to deliver survey, assessments and certification in relation to environmentally related statutory instruments, providing comprehensive solutions to our clients.
Some of the green service areas we covered include:
INSB Class provided tailored services to help ship operators meet EEXI requirements, assessing the energy performance of their fleet and offering practical recommendations for improvements.
INSB Class’s certification services extend to the verification of Ship Energy Efficiency Management Plans (SEEMP), an essential tool for ship operators looking to implement more sustainable practices.
This ensures safe and environmentally sound ship recycling practices.
EU-ETS & FuelEU Maritime
The upcoming implementation of FuelEU Maritime and the EU Emissions Trading System (EU-ETS) marks a significant shift for ship operators toward stricter environmental regulations in European waters.
The EU-ETS is the EU Emissions Trading System (ETS) entering into force as of 2024, and works as a carbon tax trade system according which allowances are allocated on the total amount of greenhouse gas emissions that can be emitted by each vessel-operators.
The EU-ETS requires ship operators to purchase emission required level of allowances for CO2 emitted during voyages to, from, and within the European Economic Area, to enable vessels trade. As a market-based system the EU-ETS may also extent partially when a vessel operates between a Non-EU and an EU port subjecting the partial purchase of applicable allowances.
FuelEU Maritime – to enter into effect as of 2025- sets limits on the carbon intensity of fuels used by ships, in an effort towards adoption of cleaner energy alternatives. FuelEU as a measure seeks to ensure that the greenhouse gas intensity of fuels used by the shipping sector will gradually decrease over time, by 2% in 2025 to as much as 80% by 2050.
In combination, these EU regulations aim to increase consistent use of renewable and low-carbon fuels, incentivize investment in energy-efficient technologies, and cleaner operations albeit also imposing environmental levy and increasing costs for ship operators within the EU ports and regions.
Fueling the Future:
Hydrogen and Alternative Energy Trends in Maritime Decarbonization
The shipping industry is undergoing a significant transformation as it embraces decarbonization efforts. Technological advancements and trends are driving the shift towards dual-fuel vessels, enabling the use of cleaner alternatives.
INSB Class:
Supporting Decarbonisation in Maritime Operations
In line with its mission to foster safer seas and sustainable shipping, INSB Class supports the maritime sector’s transition to a low-carbon future.
Through a comprehensive range of classification, certification, and inspection services, INSB Class contributes to global efforts to reduce greenhouse gas emissions while ensuring the continued operational efficiency of vessels.
Liquefied natural gas (LNG)
is emerging as a key transitional fuel, helping to bridge the gap while the industry explores greener options.
Ammonia
is gaining preference due to its zero-carbon potential, while methanol is also capturing attention as a viable, low-emission alternative.
Hydrogen
is making strides as a promising long-term solution, offering a clean fuel option with water as its only byproduct.
Battery energy storage systems (BESS)
are being increasingly installed on ships, as developments in battery technology enhance their efficiency and potential for reducing emissions at sea.
