FuelTrust

04/21/2023

04/04/2023

Last week’s deal between The European Parliament and EU ministers to cut in the sector is a major step in emissions accountability. and charterers who can’t achieve expected year over year gas reductions will be financially penalized.

Can you accurately validate your greenhouse gas emissions? Today’s models offer only rough estimates based on generic calculator models that don’t account for chemical interactions, source fuel data, or supply/delivery chain impacts. Many also require massive amounts of manual input, or the installation of costly devices aboard vessels.

FuelTrust uses and science, along with a vessel’s operation data, to get accurate emissions results in support of regulated reporting and emissions reduction goals. Our recent analysis on over 12,000 vessels indicates that emissions reporting in the industry in 2021 was over-reported by an average of 4.18% – with the range being from 2% to 20%!

Learn more about impending regulation, then let us help you on your journey to carbon neutrality.

The European Parliament and EU ministers struck a deal in the early hours of Thursday morning (23 March) on the bloc's flagship law to cut emissions in the maritime sector, marking a major step forward for the bloc's plans to reach carbon neutrality by 2050.

03/30/2023

“FuelTrust gives a higher level of detail and accuracy about how our investments affect emissions in any scenario,” said Robert Burke, CEO at Ridgebury Tankers, regarding a carbon baseline assessment of their suezmax tanker, Ridgebury John Zipser.

Using historic fuel and operations data specific to the tanker, we were able to demonstrate the return on investment and carbon savings made following a retrofit in 2019.

Being able to prove the financial and environmental benefits of their investments means across Ridgebury can achieve their commitment to operating a sustainable business.

Read more about our work with Ridgebury in Technology Global: https://hubs.ly/Q01JFQBD0

03/16/2023

We’re making it easier for shipowners and operators to prove how effective their investments are in reducing carbon emissions, and thus carbon liabilities. We used our Carbon Baseline technology to compare month-to-month and year-to-year performance for Ridgebury Tankers’ Suezmax tanker and established a baseline of the entire emissions stack. This allowed them to validate, to the kilogram, the value of a scrubber retrofit done in 2019 and the impact of fuel quality on their carbon emissions and impact on GHG performance.

“Our commitment to operating a sustainable business means that when we add a tanker to our fleet of vessels, we first consider how our investment will benefit the environment,” said Robert Burke CEO at Ridgebury. “Working with FuelTrust gives a higher level of detail and accuracy about how our investments affect emissions in any scenario. For the benefit of our seafarers, our investors, and the environment, we can use this insight to deliver measurable improvements to our vessels.”

FuelTrust uses AI-based virtual models to process tens of thousands of chemical simulations, based on a vessel’s chemical lab COA/COQs and fuel burn. This science-based assessment allows us to produce actual carbon output analysis, for each vessel and each voyage, that takes into consideration chemical interactions, source fuel data, supply and delivery chain impacts or efficiency improvements. FuelTrust can help you make better investment decisions in support of your decarbonization and ESG goals – in as little as 8 weeks.

Read the full story here: https://hubs.ly/Q01H8ml80

03/07/2023

Average sailing speeds decreased in Q1 2023 as shipping companies looked to reduce their carbon footprint, according to shipping association . But many of those owners and operators have little to no data on the impact slow steaming had on energy efficiency.

To truly understand the impact and ROI on decarbonization initiatives, maritime companies need accurate information on how much carbon their vessels produce both before and after taking corrective action such as slow steaming.

FuelTrust’s Carbon Baseline can deliver scientifically validated detail of an entire emissions stack, back several years, in as little as 8 weeks, giving maritime companies access to the data they need to achieve their decarbonization goals.

https://hubs.ly/Q01Fw-Bx0

BIMCO has released the Shipping Overview & Outlook for the 2023 Q1 including key highlights of container, tanker and bulk markets.

02/23/2023

Investing in clean technology to comply with emissions regulations requires a validated measure of return-on-investment efficiency to be a sustainable business approach.

Shipowners and operators under pressure from regulators, customers, and investors to reduce their carbon footprint need a detailed and verified baseline assessment of a vessel’s emissions to accurately measure efficiency. A scientifically validated baseline for carbon emissions will give owners and operators a commercial and ESG compliance advantage over competitors.

Our Carbon Baseline uses AI technology, rather than physical sensors or generic calculations, to analyse historical operational data and deliver accurate yearly emissions results through cloud-based automation in weeks, not months.

Find out more about Carbon Baseline: https://hubs.ly/Q01DcXrM0

02/16/2023

The IMO is expected to alter the roadmap for maritime decarbonization at the MEPC 80 July meeting, following industry debate about initiatives including the Poseidon Principles and Carbon Intensity Indicator (CII), according to gCaptain.

How this will affect shipowners and operators’ plans for lowering carbon emissions remains to be seen. Regardless, shipping companies need to gather accurate, verifiable data to establish their vessels’ carbon footprint. Only then can they understand the financial impact and work required to reduce emissions.

FuelTrust uses AI and science, along with a ship's operation data, to provide accurate emissions results in support of CII and EEXI regulations reporting, and initiatives associated with IMO 2030 and 2050 emissions reduction goals.

https://hubs.ly/Q01CzT8X0

By Barry Parker (gCaptain) – Though the meetings of the International Maritime Organization’s IMO) Marine Environmental Protection Committee (MEPC) garner much of the attention with the all-important MEPC-80 set for this...

02/14/2023

Shipping looks set to fall short of meeting emissions reduction targets for 2023, according to Cem Saral, CEO of the Crockett Group.

Speaking at the Middle East Bunkering Convention (MEBC) in Dubai earlier this month, Saral forecasts more geopolitical and market uncertainty for this year, which, along with many unknowns, could affect the pace of Maritime’s voyage towards decarbonization. He added that a “significant portion” of the global fleet would likely fail to achieve a good CII rating if assessed today.

At FuelTrust, we believe shipowners and operators can reduce their emissions by investing in new technology and alternative fuels. However, they first need to have accurate scientifically proven data to understand their vessels’ carbon footprint. Only then can they make informed decisions that will enable them to achieve their decarbonization goals.

You can read more about the issues covered at MEBC here: https://hubs.ly/Q01ChHkq0

02/02/2023

The new CII rating system makes having access to accurate information about vessel emissions critical for shipowners and suppliers in the maritime industry.

In the latest issue of Technology Global, CEO Jonathan Arneault addresses how accurate data can help ensure optimum outcomes for both parties, enabling them to share the burden of carbon compliance more fairly.

“The dilemma is that both parties need greater transparency than they have traditionally shared in the past – but exactly how to achieve this has yet to be worked out by regulators or the industry itself. FuelTrust digital solutions can help bridge that gap.”

Read the article here: https://hubs.ly/Q01B4FZ50

Having access to accurate information about vessel emissions enables shipowners to share the burden of compliance fairly with charterers

01/31/2023

Fuel contamination, short-selling and cappuccino bunkering continue to remain rife in the marine fuel industry, according to a recent ’s list article. These bad bunkering practices continue, despite stringent testing rules in place, costing the industry millions and millions of dollars in lost efficiency and mechanical damages each year. Far too often, contaminated vessels suffer fuel pump seizures or equipment corrosion, potentially leading to a blackout that can subsequently cause a grounding, collision or even sinking.

Experts argue whether the risks of buying low-grade fuel can be eliminated today, with the best mitigation tactic being high-quality fuel testing. Some ports, like Singapore, Amsterdam, and Antwerp, are initiating their own practices such as introducing a mass flow meter obligation to help curtail fuel short sales – but this leaves fuel quality or contamination unsolved. Clearly, visibility of the details of fuels across the supply chain are needed.

At FuelTrust we help the industry address these challenges with a digital early warning system that can identify when, where, and by whom fuel issues are created throughout the fuel lifecycle, by validating the quantity, quality and composition of fuel delivered. Contact Shelton to learn more.

Read the article here: https://hubs.ly/Q01zLfW50

A decade after OW Bunker’s demise, bunker providers must prove the industry can police itself. If it cannot do so, it must expect others to undertake the oversight

12/21/2022

From the FuelTrust family to yours...

12/08/2022

In 23 days carbon reporting, and subsequently taxation, begins for those moving cargo through all EU ports. In March, it begins in Japan. The most important thing you can do to avoid overpaying is understand, in exact detail, your .

FuelTrust uses AI and blockchain technology to calculate accurate and scientifically validated carbon emissions. Our analysis shows that current common models overstate emissions by an average of 4.18% - that hurts your goals, and your bottom line.

In a recent Bunker Transporter article our CEO Arneault discusses Scope 3 emissions management and how critical it is to your company to know carbon emissions from each vessel, and each voyage, in your fleet. We invite you to learn more here: