New IMO regulations and the inclusion of shipping within the EU ETS, means that carbon emissions, and their associated costs, will be an increasingly important factor in decision making for charterers. These regulatory changes could see the cost of freight increase by as much as 8 – 15%, driven by the price of CO2. Understanding how to benchmark a given vessel’s emissions, and the resulting cost implications, will be of critical importance to those in the market.
Our Global Marine Carbon benchmarks provide market participants with tools to make informed decisions around the vessels they charter. Our benchmarks are unique in the market – working with Signal Ocean, emissions estimates are calculated on a voyage by voyage basis using live vessel tracking data, combined with vessel specifications and detailed consumption curves. From this we produce benchmarks of overall emissions and their associated costs on a route by route basis for multiple vessel classes.
For these marine carbon indexes, we have chosen routes that originate or terminate in EU/EEA countries, reflective of the jurisdictions which fall under the new regulations from 2024 onwards.
Derived in partnership with
Our global marine benchmarks will benefit the following groups of market participants:
Our global prices are published daily (subject to General Index holiday calendar) and made available to customers via direct data feeds and emails.
All prices are in USD/MT and normalised via internal calculations to reflect market value at close (1630 London).
Methodological details for each of these routes can be found in the relevant factsheets.