Yxney Maritime launches CORE emissions tracking software

CORE interprets CII and CII equivalents as a score related to the emissions-saving goals for 2030 compared with 2008 as a baseline - or the ‘coreScore’ - that gives users a comparative ranking of different companies’ efforts to reduce their emissions.

The emissions monitoring and forecasting tool makes it possible to plan for various emissions reduction initiatives for the fleet - such as installing hybrid battery power, sails or using biofuels - and assesses their emissions impact, estimated cost and return on capital to enable scenario planning for optimal investments.

In addition, CORE offers a library of measures to determine current and future emissions trajectories for different vessels that can be shared with other shipowners to improve the industry’s overall performance.

Mr Sanna believes regulations will only get more stringent over time, “It is important to realise carbon-intensity requirements will become stricter over time so companies cannot remain static and still achieve compliance. CORE is therefore a dynamic tool that enables emissions targets to be adjusted and achieved in line with regulations.” 

And those regulations in turn drive commercial changes, as emissions performance becomes a key criteria for charter awards from cargo owners and access to financial capital.

Speaking from an owner’s perspective, Solstad chief sustainability officer Tor Inge Dale noted, “With 80 vessels operating worldwide, we needed an effective digital tool to handle high data volumes and complexity to track emissions across our fleet and determine the initiatives we need to achieve to meet our goal to cut emissions by 50% within 2030 and achieve net zero by 2050.”

“CORE enables us to plot a course and plan ahead for emissions reduction as we take the lead on this digital journey together with key technology suppliers such as Yxney Maritime.”

The offshore specialist has also collaborated with Yxney to develop the Maress Sustainability Partnership, a community of stakeholders discussing collaboration and data sharing to meet sustainability goals.
Yxney Maritime is owned by testing company VPS and is being rebranded as VPS Decarbonisation.

Riviera Maritime Media will provide free technical and operational webinars in 2022. Sign up to attend on our events page