From time to time there are these “IT meets reality” conflicts. Recently I had one again. I sat with our developer about the ETS calculation. And they were frustrated. Developers like logic. And logic rules are rare. At least in shipping. (I just remember the ship working hours regulations years ago not taking time zone changes into account). We have implemented the CO2 calculation for a voyage. So far everything is good. You can see the costs directly below your profit. Of course we apply all the rules. 50% for foreign to the EU and v.v. , 100% for EU-EU….

Starting next year, you will have to take CO2 emissions into account as soon as a ship calls at a European port. You need to know the CO2 emissions in order to buy the corresponding allowances (EUAs). There is a standardized CO2 emission factor for each fuel type (HFO, MDO, etc.). For example, 1 ton of HFO produces 3.114 ton of CO2, 1 ton of MDO produces 3.205 ton of CO2, etc. To estimate the CO2 emissions of a planned trip, simply multiply the amount of fuel by the emission factor. So far, so simple. Now biofuels are coming onto…

Webinar with LangTec and Herberg Systems. Employees in chartering often read hundreds of emails every day. Modern algorithms can now automatically convert emails into datasets that can be used for voyage calculation in some few seconds. You can directly calculate incoming emails and return with a quotation in no time. We developed a solution that already achieved more than 95% accuracy for break bulk cargo inquiries, but also C/Ps and other documents. The code can read text, PDFs, Exel Sheet and Word documents and extract datasets of cargo inquiries. We give you an insight of what we already can do…

If you are in shipping, you know what this is about. EU ETS stands for European Emissions Trading System and makes polluters pay for their greenhouse gas emissions. EUAs are European Emission Allowances and are a kind of certificates. One EUA entitles the holder to emit one ton of carbon dioxide. The price of 1 mt of CO2 is about 80 Euros today. From next year on, shipping companies need to compensate CO2 emissions in EUAs. Chartering companies will have to provide the appropriate number of EUAs for the voyages they are responsible for. Thus – EUAs become another new…