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How to apply ESG principles in maritime industry?

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Author : Lin Ma
Update time : 2022-08-11 14:58:28

ESG has become a new trend in various industries. A growing number of companies have trying to prioritize ESG principles in their developing strategies and start ESG reporting. ESG performance has become a new criteria to value a company’s risks and opportunities. This trend mainly includes three parts: environment, social responsibility, and corporate governance. As for maritime industry, environmentally friendly operation is a fundamental pillow to ESG strategy.
 
As reported by European Commission, maritime transport is a large and growing source of greenhouse gas (GHG) emissions. According to IMO’s inventory, the GHG emissions of shipping sector have increased from 977 million tonnes in 2012 to 1,076 million tonnes in 2018. In order to reduce the huge GHG emission and achieve ESG goals in maritime industry, IMO adopted a Data Collection System (DCS) requiring from ships over 5,000 gross tonnage to submit their annual administration reports on fuel oil consumption, which indicates a new trend in shipping management. Shipping companies are expected to monitor report and verify maritime vessels’ CO2 emissions and share their performance with stakeholders through ESG report.
 
On the other hand, in order to reduce GHG emission, the application of renewable energy source has been a crucial part. Wind-assist power has been recognized as a practical choice for vessels to achieve decarbonization. Smart Green Shipping (SGS) has developed its ‘FastRigs’ system involved a series of ‘smart’ vertical aerofoils mounted on vessels. The aerofoils are paired with a sophisticated analysis system that can accurately calculate the available wind to any ship, across any trade route at different speeds. All related information should be communicated between vessels and ground management team to achieve real-time monitoring.
 
Both GHG emission monitoring and wind-assist power application requires consistent Internet connectivity for vessels at sea. VSAT equipment helps to achieve these functions. DITEL has develops various models for different applications. One of our most popular VSAT model is V81. This model has been installed in many different countries and provide satisfying performance. With its 3-axis stabilized platform and auto tracking system, our V81 is able to offer exceptional value and superior RF performance, ensuring easy operation on board as well as access to remote support whenever it needs. This model especially suits for large vessels, such as commercial vessel and wind installation vessel.
 
 
References
[1] “Reducing emissions from the shipping sector”, European Commission
https://ec.europa.eu/clima/eu-action/transport-emissions/reducing-emissions-shipping-sector_en
[2] “Fourth Greenhouse Gas Study 2020”, International Maritime Organization, 2020, 
https://www.imo.org/en/OurWork/Environment/Pages/Fourth-IMO-Greenhouse-Gas-Study-2020.aspx
[3] “Shipping industry reduces carbon emissions with space technology”, UK Research and Innovation, August 10, 2021, https://www.ukri.org/news/shipping-industry-reduces-carbon-emissions-with-space-technology/
[4] “How to Use Wind Energy for the Maritime Industry?”, Mouad Rifi, May 19, 2022,
https://sinay.ai/en/how-to-use-wind-energy-for-the-maritime-industry/
 


 
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