You can’t fix what you can’t accurately measure – decarbonization through data transparency

The global shipping industry is undergoing a significant transformation in technology and
operations. Driven by environmental goals, regulatory changes, and customer demands, industry players are struggling with the burdens of disparate regulator reporting demands, the lack of data visibility to their supply chain, and business partners’ actions and reporting demands. The issue is further complicated by an ever-increasing set of differing requests for data, in differing forms. These challenges bring significant financial, commercial, and data privacy risks to the industry.

Policymakers and regulators who seek to drive environmental, safety, and societal initiatives are similarly challenged by the lack of real-world validated information, often resulting in recommendations or policies driven by well-meaning intentions that are not substantiated with sufficient accurate data. With a variety of industry players vying for different benefits, and the lack of intermediary results data to enable optimization, model-driven policies may result in unintended outcomes.

The International Maritime Organization’s (IMO) directive to reduce maritime produced greenhouse gas emissions by 40% (from 2008 levels) by 2030 will challenge the industry to standardize reporting requirements and enable trusted transparency along the entire supply chain.

Proven, modern high-tech methods can now be applied to the Maritime industry to drive decarbonization through data transparency. FuelTrust’s whitepaper provides insight into these capabilities and creates opportunity for further discussions by maritime and energy company stakeholders. We invite you to the conversation.