A new mandatory reporting card for CO2 emissions from ships over 5,000 gross tons has a huge impact on the commercial shipping industry.
Developed by the International Maritime Organization and coming into effect in early 2023 carbon intensity indicator (CII) assigns a grade on a scale from A to E, indicating strongly superior, marginally superior, moderate, marginal and inferior carbon emissions reduction performance, respectively. Ships shall collect relevant data and record it in their ship energy efficiency management plan. If they are rated D or below for three consecutive years, they must submit a corrective action plan. They also risk being excluded from international trade. In this episode, we get the details on the CII from Dylan Keil, co-founder and CEO of warehouse. He explains the consequences of a bad grade, how ship operators can predict their performance and what steps they can take to rectify their deed. Part of the answer lies in the application of artificial intelligence. Moderated by Bob Bowman, Editor-in-Chief of Supply Chain Brain.
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In my opinion frequently asked Questions about the KII.
