28 September 2022
VV launches CII and EPL
VesselsValue expands their Green data offering with the launch of Carbon Intensity Indicator (CII) and Engine Power Limitation (EPL).
Leading data provider, VesselsValue, are pleased to announce their latest additions to the Green product range, allowing clients to estimate fuel, distance and CO2 in real time.
These latest features combine VV’s extensive Shipping data with the International Maritime Organization (IMO) framework to calculate the Energy Efficiency score for an individual vessel, whether existing or a newbuild. It is available across Bulkers, Tankers, Containers and Reefers, with CII additionally covering Cruise, Gas, Vehicle Carriers, Small Dry and Small Tankers.
Carbon Intensity Indicator
The Carbon Intensity Indicator (CII) is being introduced by the International Maritime Organization (IMO) next year in a bid to minimise the Shipping Industry’s carbon emissions, whereby all vessels over 5,000 GT are required to calculate and submit a value of CII for each calendar year.
VV’s new CII feature will allow users to view current and historical estimated CII ratings for individual vessels and fleets quickly and easily. Users can access the following data for individual vessels, year to date and previous three years: CII rating (bands A–E), Attained and Required Annual Efficiency Ratio (AER), CO2 emitted, Distance travelled, Time underway and Fuel consumed.
Engine Power Limitation
Relating to EEDI/EEXI, users can now estimate the limited engine power and reduced reference speed to bring a non compliant vessel into EEXI compliance.
Commenting on the launch, Simon Rowse, Head of Modelling and Data Science remarked:
“Increasing regulation of greenhouse gas emissions is highly likely to remove capacity from the Shipping system. For the first time, we can start to understand the extent to which each sector will be affected. We are helping organisations understand the extent to which each Shipping sector will be impacted by the imminent and ongoing introduction of environmental regulation.”
About VesselsValue
VesselsValue Ltd. (VV) is a leading online valuation and market intelligence provider for the Maritime industry. VV went live in 2011 and has 2,500 users and works with over 600 global companies including major banks, leasing companies, shipowners, investment funds, hedge funds, lawyers, advisors and government regulators. The company has nine offices globally including London, Singapore, Shanghai, Hong Kong, and Oslo, with over 230 employees.
VesselsValue’s mission is to bring transparency and objectivity to the Maritime market through a wide range of services. Data and market insights are available through online access, reports, API feeds and exports, including automated values, transactions and fleet data, as well as AIS and ADS-B derived mapping & tracking, demand, utilisation and trade and people flows.
Visit https://www.vesselsvalue.com/ for more information.
Disclaimer: The purpose of this article is to provide general information and not to provide advice or guidance in relation to particular circumstances. Readers should not make decisions in reliance on any statement or opinion contained in this article.
See Press Disclaimer for use of VV data in the press.