Services

Crucial to the success of this strategy is the robust monitoring and reporting of greenhouse gas emissions, particularly within the EU Emissions Trading System (EU ETS). Greenships recognizes the importance of compliance with these standards and has implemented a meticulous process to ensure adherence to the EU MRV (Monitoring, Reporting, and Verification) and EU ETS requirements.

The annual compliance cycle, encompassing monitoring, reporting, and verification (MRV), is a cornerstone of the EU ETS. Operators covered by the EU ETS are required to hold an approved monitoring plan before they report annual emissions. For shipping that plan sits with the vessel and the company responsible for it, and it is what the verifier checks the year against.

On an annual basis, operators submit emissions reports, which are then verified by accredited verifiers. This verification process is crucial for maintaining the integrity of the EU ETS. Greenships, recognizing the importance of timely and accurate data, employs a dedicated AI-powered application for data collection. This application ensures that every correction is made promptly to achieve the most accurate results on the Carbon Intensity Indicator (CII).

Greenships not only fulfills regulatory obligations under the Monitoring and Reporting Regulation (MRR) and Accreditation and Verification Regulation (AVR) but goes beyond, demonstrating a commitment to excellence in environmental stewardship. The use of AI technology adds an extra layer of precision to the compliance process, aligning with the European Commission's vision for a transparent, consistent, and accurate greenhouse gas emissions reporting system.

The commitment to adherence is further underscored by the proactive approach to provide guidance, exemplars, and tools to ensure a harmonized and cost-effective application throughout all EU ETS countries. Greenships stands as a beacon of compliance, utilizing technology to navigate the complex landscape of EU MRV and EU ETS, contributing to the broader goals of the European Green Deal.

Furthermore, in the face of penalties for excessive emissions, Greenships prioritizes accurate reporting to avoid penalties and maintain a commitment to sustainability. The penalty for non-compliance serves as an additional incentive for operators to adhere strictly to the EU MRV and EU ETS standards.

In summary, Greenships, through its dedication to precision, transparency, and technological innovation, plays a vital role in ensuring the success of the EU's climate targets. By collecting client vessels' data with its AI-powered application, Greenships contributes to the overall effectiveness of the EU MRV and EU ETS, fostering a culture of environmental responsibility and sustainability in the maritime industry.

FuelEU Maritime

FuelEU Maritime, Regulation (EU) 2023/1805, is the third EU obligation to land on the same voyage data. Where the ETS puts a price on the carbon a ship emits, FuelEU sets a limit on the greenhouse gas intensity of the energy it uses, measured Well-to-Wake rather than at the funnel. The two are calculated from the same bunker records but they answer different questions, and a fleet can sit comfortably inside one while failing the other.

We calculate the attained GHG intensity for each vessel, the compliance balance that follows from it, and the penalty exposure when that balance is negative. Because a surplus can be banked or pooled across vessels, the figure is worth knowing while the year is still running rather than after it closes.

Our Green Loan Projects cover a broad spectrum of initiatives, ranging from propulsion improvement to advanced propeller blade design. Each project is meticulously crafted to address the specific needs of different vessel types and sizes, ensuring a tailored and effective approach to reducing carbon footprints in the maritime industry.

The projects include, but are not limited to, optimizing battery-powered engines, improving engine nozzles, implementing engine power limitation strategies, and exploring alternative power sources such as solar and wind generation. We evaluate the feasibility and efficacy of each technology, staying abreast of the latest advancements to provide our clients with state-of-the-art solutions.

Greenships takes a holistic approach to sustainability, considering technologies like Flettner rotors, hybrid auxiliary power generation, kites and sails, and waste heat recovery. These initiatives are not only environmentally conscious but also economically viable, contributing to the long-term success and competitiveness of our clients in the maritime industry.

We understand the importance of gaining approval from classification societies (RO) and financial institutions for the successful implementation of these projects. Our team of experts is well-versed in navigating the complex approval processes, ensuring that each project aligns with regulatory standards and financial requirements.

Once approved, we actively apply these projects to our clients' vessels, closely observing their performance to maintain sustainability and maximize efficiency. Whether it's anti-fouling hull coatings, hull cleaning, or advanced weather routing and voyage optimization, Greenships is dedicated to making a positive impact on the environmental footprint of the maritime sector.

Our commitment extends to exploring innovative technologies such as counter-rotating propellers, hull air lubrication, and rotor sails. By consistently evaluating and adopting the latest advancements, Greenships positions itself as a leader in the field, guiding our clients towards a more sustainable and environmentally friendly future.

Greenships is particularly proud of its expertise in LNG/ammonia-fueled engine operations, an area crucial for the transition to cleaner energy sources. We believe in the transformative power of green initiatives, and our dedication to projects like propeller tip winglets, propeller/hull interaction, rudder optimization, and propeller ducts or nozzles underscores our commitment to driving positive change in the industry.

Our approach also includes the application of technologies like hull ducts or fins, propeller boss cap fins, and hull cleaning to enhance vessel performance. By considering the entirety of a vessel's operation, Greenships ensures that our projects not only reduce GHG emissions but also contribute to the overall efficiency, safety, and reliability of maritime transportation.

Greenships is proud to be a key player in the adoption of sustainable practices in the maritime industry. Our commitment to hull air lubrication, propeller surface polish, and other cutting-edge technologies reflects our dedication to providing our clients with a competitive edge in a rapidly evolving and environmentally conscious sector.

As we advocate for a cleaner and more efficient maritime industry, Greenships actively explores technologies like hull ducts or fins, propeller boss cap fins, and propeller tip winglets. These innovations play a crucial role in shaping the future of shipping, reducing environmental impact, and promoting a more sustainable and responsible approach to maritime operations.

We recognize the importance of the propeller/hull interaction, and our projects are designed to optimize this crucial relationship for improved efficiency. Whether it's through rudder optimization or the application of counter-rotating propellers, Greenships is committed to maximizing the benefits of these technologies to create a positive and lasting impact on our clients' vessels.

At Greenships, we believe that the integration of rotor sails, alongside other advanced technologies, holds great potential in revolutionizing the maritime industry. Our dedication to exploring possibilities like weather routing and voyage optimization aligns with our vision for a future where vessels operate with minimal environmental impact while maximizing their economic viability.

Our commitment extends to initiatives such as hull air lubrication, propeller ducts or nozzles, and propeller boss cap fins. By actively participating in the development and application of these technologies, Greenships aims to be a driving force in the pursuit of a more sustainable and eco-friendly maritime industry.

Greenships takes pride in offering a holistic and multifaceted approach to sustainable shipping. Our dedication to projects like waste heat recovery, anti-fouling hull coatings, and propeller surface polish reflects our commitment to addressing environmental concerns while simultaneously optimizing vessel performance.

Our projects also encompass the utilization of LNG/ammonia-fueled engines, recognizing the pivotal role these alternative fuels play in reducing the carbon footprint of maritime operations. By actively promoting and implementing these initiatives, Greenships is at the forefront of the transition to cleaner and more sustainable energy sources in the maritime industry.

We understand that each vessel is unique, and our approach to green initiatives is tailored to the specific needs and characteristics of different vessels. Our commitment to weather routing and voyage optimization, alongside other advanced propeller blade designs and hull cleaning strategies, ensures that our projects are not only effective but also adaptable to the diverse requirements of our clients.

Greenships actively explores technologies such as rotor sails, recognizing their potential to contribute significantly to the reduction of GHG emissions in the maritime industry. Our commitment to the application of advanced technologies, including hull air lubrication, propeller boss cap fins, and propeller tip winglets, underscores our dedication to being at the forefront of sustainability in maritime transportation.

As a key player in sustainable shipping, Greenships is proud to contribute to the industry's evolution through initiatives like propeller ducts or nozzles, rudder optimization, and the integration of counter-rotating propellers. These technologies represent our commitment to staying ahead of the curve and actively shaping a future where vessels operate with maximum efficiency and minimal environmental impact.

Our dedication to LNG/ammonia-fueled engines is a testament to our commitment to driving positive change in the maritime sector. By actively participating in projects like weather routing and voyage optimization, hull air lubrication, and propeller surface polish, Greenships ensures that our clients are not only compliant with regulations but also well-positioned to thrive in a sustainable and eco-conscious maritime landscape.

Before the voyage

The estimator takes a voyage plan typed straight in. An origin port and up to two legs, each with its destination, speed, bunker type, consumption at sea and time in port. Sea distance and the distance inside an Emission Control Area are calculated from the port pair, and each leg is classified as EU, UK or IMO scope from the ports themselves, which is what sets the differentiating percentage.

Out of that come the required EU allowances, the EU ETS cost in euro at the most recent stored EUA price with the date that price was captured, the FuelEU compliance balance and penalty in euro, and a combined figure. The ECA zones are drawn on a map so the scope classification can be checked by eye. The result is shown on screen for the decision at hand.

After the voyage

The chartering tool works from voyage reports the crew has already filed. Pick a vessel, pick a year, tick the first and last report of the passage, and every report in between is included. From the bunker records on those reports it produces the required EU allowances per fuel, the FuelEU energy used, Well-to-Tank, Tank-to-Wake and Well-to-Wake emissions with their intensities, the compliance balance against the target and the penalty in euro.

A report can be requested from that result. It is rendered in the background and arrives by email as a PDF carrying the ship's particulars, the period, the source report numbers, the voyage numbers and charterer, the emission factors used and the regulatory citations behind them.

In response to these crucial industry shifts, Greenships offers a comprehensive Pre-Purchase GHG Evaluation Report to our clients. This report is meticulously crafted, taking into account not only the IMO regulations on achieving zero GHG emissions by 2050 but also the nuances of the EU ETS tax system and adherence to the Poseidon Principles.

Our evaluation goes beyond current regulations, considering the potential impact of upcoming rules and industry standards. By engaging with Greenships for a Pre-Purchase GHG Evaluation Report, our clients gain a strategic advantage in understanding the environmental and financial implications associated with their vessel acquisitions.

We navigate the complexities of the regulatory landscape, providing a detailed analysis that enables informed decision-making. Our commitment is to empower our clients to align with global sustainability goals, remain compliant with evolving regulations, and make environmentally conscious investments.

Choose Greenships for a forward-looking approach to vessel acquisitions. Our Pre-Purchase GHG Evaluation Report is a valuable tool in ensuring that every investment not only meets current regulatory standards but is also future-proofed for the zero GHG emission targets of 2050 and beyond.

Ships falling under the EEXI regulation must attain EEXI approval by the first periodical survey in 2023 at the latest. The required EEXI value is determined based on the ship type, capacity, and principle of propulsion, representing the maximum acceptable attained EEXI value.

At Greenships, we go beyond standard compliance by leveraging our dedicated professional software powered by Artificial Intelligence. This cutting-edge technology enables us to calculate the attained EEXI for individual ships, considering all operational matrices and ship types. Our comprehensive approach ensures that the EEXI Technical File we prepare aligns seamlessly with the specific requirements of each vessel.

We understand that EEXI compliance is not only a regulatory obligation but a commitment to sustainable maritime practices. By choosing Greenships, shipowners benefit from our expertise, innovative technologies, and a proactive approach to achieving and surpassing EEXI requirements. Our goal is to assist our clients in navigating the regulatory landscape while optimizing energy efficiency and contributing to a greener and more environmentally conscious maritime industry.

With over 600 customers relying on RightShip's expertise, our partnership plays a crucial role in enhancing due diligence, environmental stewardship, and inspection services. RightShip's platform empowers us to manage risk and elevate maritime safety standards both on shore and at sea, contributing to a zero-harm maritime industry.

At RightShip, the vision is clear - zero harm to ships, cargo, seafarers, and the environment. Greenships shares this commitment to a holistic approach that ensures a successful voyage meeting the highest safety standards, environmental protection, and support for seafarers, all while being commercially beneficial to the entire supply chain.

As part of our service to customers, Greenships meticulously evaluates all available data during the RightShip GHG verification and improvement process. We leverage our expertise to make relevant Energy Efficiency Existing Vessel Index (EVDI) calculations within the framework of the methodology prescribed by RightShip.

Together with RightShip, we are dedicated to making a positive impact on the maritime industry. Our goal is to contribute to a sustainable, safe, and socially responsible shipping environment, aligning with the shared values of both organizations. Greenships and RightShip - working together to ensure every voyage is not only efficient and commercially beneficial but also environmentally conscious and supportive of seafarers.

The EEDI regulation applies to ships of 400 gross tonnage and above engaged in international voyages (excluding platforms, drilling rigs, and non-mechanically propelled vessels like barges). An International Energy Efficiency (IEE) Certificate is issued for ships complying with the regulation, verified through initial surveys for new ships or during the first intermediate or renewal survey of the International Air Pollution Prevention (IAPP) Certificate for existing ships, on or after 1 January 2013.

Notwithstanding the above, the EEDI regulation is specifically applicable to new ships falling into categories designated by the Convention. Greenships takes pride in its role as a leading provider in the preparation of EEDI Technical Files for clients, leveraging our dedicated professional software powered by Artificial Intelligence.

We meticulously consider all operational matrices for each type of vessel to ensure accurate and comprehensive EEDI Technical Files. By choosing Greenships, shipowners benefit from our commitment to compliance, innovative technologies, and a proactive approach to meeting and exceeding regulatory standards. Our goal is to empower our clients to navigate the evolving maritime landscape while optimizing energy efficiency and contributing to a sustainable and environmentally conscious industry.