VPS launches CORE software to close the emissions gap for shipowners

VPS-owned Yxney Maritime has launched its CORE emissions tracking software aimed at enabling low-carbon shipping players to reach their green goals and gain a competitive edge amid growing market and regulatory pressure, with Solstad Offshore and Siem Offshore taking the lead.

The emissions monitoring and forecasting tool will harness data from a total of more than 100 vessels across the global fleets of both Norwegian shipowners to augment their existing VPS suite of Maress and NOxDigital solutions geared to data-driven decarbonisation.

The pair of companies are taking the digital initiative to get ahead of possible regulations to curb ship emissions in the offshore sector as well as counter higher fuel costs due to Norways CO2 tax and the likely implementation of the EUs Emissions Trading Scheme for shipping from 2023.

In the maritime sector, looming CII and EEXI regulations are set to enter into force next year that will shift the market landscape and give an advantage to proactive players able to progressively cut their emissions in line with these new carbon-intensity requirements.

Scenario planning

The CORE solution helps companies to underpin a culture driving emission reductions and to turn carbon intensity from an operational metric into boardroom-level insight on company and market decarbonisation efforts.

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 effectively....