Power more sustainable and cost-efficient decisions at every stage of the voyage and cargo lifecycle.
- Introduction
- Our clients
- Commercial impact of maritime sustainability
- By the numbers
- How IMOS helps
- Related solutions
- Frequently asked questions
- Relevant resources
- Featured experts
- Contact us
Unsure how to integrate decarbonization into your daily decisions and manage the commercial impact of sustainability? We can help.
Decarbonization is among the maritime shipping ecosystem’s top strategic focuses. In fact, recent research indicates that 95% of maritime professionals consider it a top priority.1 And for good reason. In addition to responding to sweeping regulations that have impacted every maritime and maritime-adjacent organization, the maritime economy also plays an integral role in reducing emissions globally. But, making compliant and sustainable decisions throughout the maritime workflow can be challenging, and the commercial impact of these decisions can be complex. Fortunately, with high-integrity data and a robust commercial platform, organizations can make strides in their decarbonization journey while also improving financial performance.
IMOS brings sustainability to life at every stage of commercial workflow while ensuring cost efficiency. Together with our data solutions, IMOS empowers clients to prioritize environmental compliance, decarbonization efforts, and sustainable business practices through comprehensive insight, collaborative reporting, and decision support.
Meet some of our clients.
“We have a lot of change in regulation… new things that in our industry we were not used to. Having a partner like Veson who adapts very, very quickly and responds to the needs of the market is fundamental for us.”
— Nevio Biagini
ICT Manager, d’Amico Shipping Group
Decarbonization has multiple distinct but interrelated aspects. All of them impact maritime shipping decisions.
As a commercial maritime freight management platform, IMOS supports our clients as they account for the carbon impact of each voyage, adapt to regulatory shifts, and adopt more sustainable decision-making. Let’s examine four critical elements of maritime decarbonization and their impact on today’s workflows.
Carrier and counterparty standards
Carriers and counterparties play an integral role in shaping a more sustainable future with their own set of standards related to fuel efficiency, emission controls, and the adoption of greener technologies. Satisfying stakeholder requirements within the deal chain and affirming the environmental performance of vessels and voyages requires comprehensive data access and accurate reporting.
Industry-wide initiatives
In addition to having its share of regulations, the maritime shipping space has also taken decarbonization into its own hands through various industry-wide goals and initiatives. One example is the Sea Cargo Charter, which establishes a common framework for aligning chartering activities with responsible chartering behavior. Veson is proud to serve many of the Sea Cargo Charter’s signatories and deliver the pace of innovation needed to make tangible progress in decarbonization.
Environmental regulations
Perhaps the most significant aspect of maritime decarbonization is regulatory compliance. Environmental regulations range from local emission control areas (ECAs) to international agreements like the IMO GHG Strategy, EU ETS for Maritime, and FuelEU. As the latest regulatory change, FuelEU mandates progressive reductions in greenhouse gas emissions from ships, adding to the complexity already introduced through ETS. Navigating this rapidly changing regulatory landscape requires a comprehensive and adaptable approach that integrates current and emerging regulatory considerations into the entire voyage workflow.
Tell us about your regulatory challenges
By the numbers.
According to recent reports from Veson and other organizations:
40%
Is the International Maritime Organization’s targeted reduction in carbon emissions from shipping by 2030.2
75%
of maritime shipping professionals believe lower emissions will involve a combination of new fuel types, ship designs, and other technologies.
95%
of maritime professionals consider decarbonization efforts a top priority.1
“In our industry, sustainability is a pervasive priority, and there are a lot of different angles at which that priority is being emphasized. We look at this in a two-pronged approach where we’re going to continue investing in our platform, but we’re also very excited to work with companies that are producing innovative solutions that allow clients to make more sustainable decisions.”
— Eric Christofferson
Chief Product Officer, Veson
Make strides in sustainability with Veson solutions.
Addressing decarbonization objectives in the short and long term comes down to four tenets of success.
Robust data
Every decision presents an opportunity for greater sustainability, but unlocking this opportunity relies on high-integrity data. From accurate particulars on a vessel’s emissions and fuel efficiency to real-time data on trade routes in support of more environmentally conscious voyage planning, Veson’s solutions deliver the best possible data at the precise points in your workflow where they can make a difference.
Carbon tracking
Understanding the carbon impact of each voyage is a prerequisite to sustainable maritime operations. IMOS empowers stakeholders to centrally track the emissions impact of every voyage—not only at the onset but throughout the voyage lifecycle. By integrating real-time emissions data into decision-making, stakeholders can drive meaningful progress in reducing emissions.
Regulatory reporting
IMOS simplifies regulatory complexity by streamlining compliance with applicable regulations like EU ETS, FuelEU, and CII, among others. As environmental regulations continue to take shape and evolve, Veson is committed to keeping clients ahead with a platform known for its rapid pace of innovation. To affirm compliance with regulators, Veson delivers robust configurable reports on virtually any indicator—including carbon impact.
Financial impact
The commercial impact of sustainable decisions is complex and multifaceted. Yet, these objectives often align to drive both environmental responsibility and economic efficiency. As the maritime industry’s most comprehensive freight management platform, IMOS enables stakeholders to precisely capture and analyze the financial implications of more sustainable decisions—from bunker consumption to cargo, efficiency, route optimization, maintenance scheduling, and more. IMOS also includes an integrated trading and risk workspace to manage carbon exposure.
Discover related solutions.
EU ETS Tax
Adapt to carbon pricing and manage emission allowances within your operational workflow.
Exposure Management
Integrate and manage environmental risk in your trading strategy in one unified workspace.
Vessel Information
Access critical vessel data to support compliance, operational efficiency, and safety.
Efficiency Ratings
Search for vessels by Green specification and track activity in Emission Control Areas.
Regulatory Data
Stay ahead in compliance and operational planning with current and historical regulatory records.
Congestion Analytics
Plan smarter routes and schedules to reduce emissions and improve voyage efficiency.
Frequently asked questions.
Frequently asked questions about regulatory complexity.
What is the relationship between innovation and sustainability?
At Veson, we view innovation as a critical prerequisite for a platform that can support continued progress in decarbonization. Keeping pace with shifting environmental regulations is just the beginning; true innovation propels us beyond the status quo toward a more sustainable future. Our focus is on empowering stakeholders to make more sustainable decisions through continuous technological advancement and smart solutions. We’re committed to leading the charge in marrying innovation with sustainability, ensuring that every step forward is a step towards a greener future.
How is Veson helping clients navigate EU ETS, FuelEU, and other regulations?
Navigating regulations, particularly new ones like FuelEU, is twofold at Veson. First, we ensure our products fully support compliance, both current and anticipated. A prime example is the FuelEU penalty calculation that has been added to the Carbon Calculator within IMOS to display the penalty and compliance balance. Beyond product innovation, we are dedicated to serving as an active collaborator and partner to our clients. Sustainability is a moving target and adapting an agile and progressive strategy can feel unattainable. We support our clients’ decarbonization journeys with webinars and educational resources to help them frame and navigate this critical topic.
What is the role of other solutions in enhancing sustainability?
We believe in a collective approach to sustainability challenges, requiring a ‘village’ of interconnected solutions. Through our Veson Partner Network, we collaborate with leading technologies in the sustainability space. For instance, Zero North aids in optimizing vessel operations for enhanced efficiency and reduced emissions, while Rightship offers tools for environmental performance rating and risk management. Our intentional, turnkey integrations with these products empower our clients to address sustainability more effectively and comprehensively.
How can maritime shipping stakeholders ensure sustainable decisions are also cost-effective ones?
Sustainable decisions often align with cost-effectiveness in maritime shipping. For instance, voyage optimization not only reduces emissions but also decreases bunker consumption, leading to lower fuel costs. This is just one example of the symbiotic relationship between sustainability and operational efficiency. To capitalize on such opportunities, stakeholders need a solution offering a real-time, comprehensive view of the P&L, incorporating all factors influencing profitability. This comprehensive view should account for carbon trading impact, regulatory penalties, sustainable contract terms, and more.
Do you have any additional questions that we didn’t answer here? We’d love to answer them. Contact us to connect with a maritime shipping expert.
