Astrup Fearnley and DNV have signed a Memorandum of Understanding (MoU) to jointly deploy an Emissions Prediction Calculator for the shipping industry, providing ship brokers, owners, and charterers with emissions predictions based on data collected using DNV’s Veracity platform.
“We have identified common interests, in shipping and ocean industries, reducing emissions and developing technology to create a data driven transformation in this sector, and we want to collaborate for a more sustainable future,” said Søren Greve, CEO at Fearnleys, the ship broker business within the Astrup Fearnley group.
“This is an important sustainability project to us, combining commercial expertise with industrial data and modern technology. With the purpose of supporting decarbonisation in ocean industries, we will work to contribute to the ongoing processes towards energy transition.”
DNV will develop the Emissions Prediction Calculator, with Veracity providing its lead source of validated emissions data, before the two companies work together to introduce it to the market.
The system will be based on existing principles and data pipelines within the Veracity framework, and will deliver emissions data estimates via an API to Astrup Fearnley for use in its broker business.
“We are delighted to work with Astrup Fearnley on this project. As a world leading ship broker, Fearnleys has a strong position in the market and their engagement in this project shows how the broker and charter industry can make a real impact in reducing carbon emissions in shipping,” said Mikkel Skou, Executive Director, Veracity.
“Our Calculator is being calibrated based on actual emissions data that has been validated and verified by DNV. It is run through well tested algorithms, developed by DNV’s maritime experts and data scientists over more than 10 years.”
