New shipping emission index developed, focusing on cargo

Independent shipping platform Shipnext has developed a new emissions index, in an effort to address industry concerns about the International Maritime Organization’s (IMO) emissions reduction measures.

Carriers including Maersk have complained that the IMO’s Carbon Intensity Indicator (CII) rating fails to incentivise cargo optimisation, and have instead called for a methodology that rewards more productive vessels.

Instead cargo is “at the heart” of Shipnext’s index according to its CEO and founder Alexander Varvarenko.