The regulations that support the process of decarbonizing the shipping industry will do far more than reduce carbon dioxide emissions; they will create unprecedented transparency on which are the most efficient and which the least efficient vessels.
With the focus so far understandably on compliance with the EEXI, the shipping industry has yet to grasp the implications of the Carbon Intensity Indicator (CII), which will radically impact vessel operations for decades to come.
Because it assigns an ‘energy efficiency’ rating to all ships, the CII effectively creates a market mechanism which enables charterers, financiers and regulators to grade the performers.
