Fuel analytics firm VPS has introduced a new software system called Core, designed to help vessel owners meet emission targets and ensure regulatory compliance when CII and EEXI rules come into effect in early 2023.
The new software interprets CII and its equivalents as a ‘coreScore’, comparing 2008 results with emissions-saving goals for 2030, to provide stakeholders with the opportunity to see how their efforts to reduce emissions stack up relative to the rest of the market.
“Emission reduction is about to become an important business differentiator. Core is designed to meet the needs of a range of stakeholders in the maritime value chain working hard to reduce their companies’ emissions footprint,” said Sindre Bornstein, CCO, VPS Decarbonisation.
“The coreScore will allow for relative ranking of companies’ efforts to reduce their carbon footprint and serve as an indicator for emissions integrity and trustworthiness.”
Various emissions reduction initiatives are assessed within the application, such as hybrid battery power, sails and biofuels, noting their impact on emissions, estimated cost and return on capital to enable scenario planning for optimal investments.
Core also offers a library of processes to determine current and future emission trajectories for different vessels, available to all users to highlight which combination of initiatives is suitable to improve overall performance.