MSI is increasingly commissioned to research and analyse the impact of environmental regulation and decarbonisation on vessel operations and fleet profiles. This can be supported with access to MSI SEASCAPE.
Our expertise in understanding shipping markets extends to specialist analysis of the industry in the energy transition, including impact on vessel types, cargoes and supply chains.
When a large financial institution wanted to produce theoretical carbon emissions assessment for over 300 vessels in its portfolio, it commissioned MSI to construct an analysis without contacting individual owners.
MSI performed the following tasks:
- Using AIS data extract individual vessel voyage characteristics (+300 vessels) and operational profile;
- Adopt the IMO Greenhouse Gas Study bottom up assessments of emissions, incorporating Main Engine, Auxiliary Engine and Boilers;
- Base analysis off vessel speed profiles distance covered assess fuel consumption
- Model validation assessed against actual data;
- Assess sections of the fleet performing above and below the wider fleet cohort
- Identify ships significantly above “normal” levels;
- Help client understand why some ships abnormally high and provide rationale e.g. layup, arrested etc;
- Provide a framework for Poseidon Principles-alignment calculation to be performed (where the bank could enter and weight depending on debt outstanding on each vessel).
MSI provided a theoretical assessment of the bank’s fleet on a vessel-by-vessel basis utilising AIS data and MSI’s inhouse algorithms and processes.
The results were presented by ship to the client along with a presentation of the methodology and results. Further analysis was undertaken, and presented, for vessels that appeared to be outliers and explanations discussed. To learn how MSI’s Consultancy Services can help your business understand and profit from market dynamics in shipping, offshore and shipbuilding, please get in touch.