Marine technology firm FuelTrust on Tuesday (15 February) launched Carbon Baseline, an AI-enabled solution that delivers a detailed and verified baseline assessment of historical vessel and fleet emissions.
FuelTrust’s Carbon Baseline service uses cloud-based AI and blockchain technology to deliver a validated historic carbon baseline in weeks, not months, at lower cost.
The patent-pending AI Digital Chemist™ uses historical operational data to calculate prior-year GHG emissions profiles for a vessel or fleet.
The program is also able to provide calculations based on a simulation of combustion at a molecular level, which considers differences between batches of fuels that current emission models cannot.
With a validated historic carbon baseline, owners can increase charter pricing for validated green ships, certify applications for carbon credits, and with FuelTrust’s independent emissions scoring, seek lower carbon taxes and fees globally.
“With Carbon Baseline, class or flag authorities can be provided a more accurate, third-party verified report on the emissions reductions actually achieved, meaning the fleet owner, their customers and their investors can benefit,” said Darren Shelton, Chief Product Officer at FuelTrust.
“Exact calculation is essential for the industry as not all fuels are created equal. Recent studies have shown that, for example, there can be an energy density difference of up to 3% between batches of the same fuel. There is also a significant carbon difference between batches.
“By offering this higher level of granularity in our data, we can give owners and charterers a far better picture of what their GHG performance has been in the past and what will be in the future.”
Published: 16 February, 2022
‘Maritime has the opportunity to tackle sustainability by embracing data and developing a hub for maritime intelligence,’ says Maritime Business Development Manager.
A green maritime fund is needed to support decarbonisation in shipping but has to be supported by a zero emission standard to bring certainty to investors, says BPA.
Meeting brought together multiple stakeholders from across the global shipping who have an interest in cutting emissions from shipping and tackling climate change.
‘It will save our clients time and effort, enabling them to focus on their day-to-day business,’ it says.
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The International Chamber of Shipping noted the R&D programme will be conducted by a new International Maritime Research and Development Board.
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
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Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.
