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EFRAG approved the European Sustainability Reporting Standards

The European Financial Reporting Advisory Group published the final version of the European Sustainability Reporting Standards at the end of October. The new standards are part of Europe's Corporate Sustainability Reporting Directive which was adopted earlier

The European Financial Reporting Advisory Group (EFRAG) published the final version of the European Sustainability Reporting Standards (ESRS) at the end of October. The new standards are part of Europe's Corporate Sustainability Reporting Directive (CSRD) which was adopted earlier.

These new rules will significantly expand the number of companies required to provide sustainability disclosures to over 50,000 EU businesses. And this is more than 4x the number of companies (approximately 11,700 organizations) which currently report their impact under NFRD.

Companies covered by the new rules will have to provide sustainability reporting on their strategies and business models and how material ESG impacts, risks, and opportunities are identified and managed. This includes policies, targets, action plans, and performance measurement metrics. There are four areas approved for disclosure in the frame of the updated versions of the ESRS:

Cross-cutting: (ESRS 1) General requirements; (ESRS 2) General disclosures.

Environment: (ESRS E1) Climate change; (ESRS E2) Pollution; (ESRS E3) Water and marine resources; (ESRS E4) Biodiversity and ecosystems; (ESRS E5) Resource use and circular economy.

Social: (ESRS S1) Own workforce; (ESRS S2) Workers in the value chain; (ESRS S3) Affected communities; (ESRS S4) Consumers and end-users.

Governance: (ESRS G1) Business Сonduct.

EFRAG approved the European Sustainability Reporting Standards

It is expected that the CSRD will enter into force among the member states before the end of 2022 and, likely, that the European Commission will also adopt the updated ESRS at the same time. If that happens, companies will have to apply the standards to their 2024 sustainability reports.

For more details please click here to access the approved ESRS

Read more about How a Focus on ESG Transparency Will Impact Business

Marine Digital has reached the finals of the competition The Smart Port Challenge

Marine Digital has reached the finals of the annual innovation competition The Smart Port Challenge, which has become the flagship program PIER71™ when it was founded in 2018

German Climate Tech Landscape

Marine Digital was listed in the German Climate Tech Map, the fastest growing vertical in Europe, which aims to reduce global greenhouse gas emissions and thus decarbonize the world economy

Navigation in the Suez Canal was suspended due to a tanker that ran aground

The passage of ships in the Suez Canal was temporarily suspended. The Affinity V Tanker blocked canal for hours, close to where Ever Given container ship became stuck, disrupting supply chains for a week

Maritime Supply Chains: What Is The Impact on Climate Change

Emissions generated by shipping include sulfur oxides (SOx), nitrogen oxides (NOx) and carbon dioxide (CO2). How does this impact contribute to climate change? Who is in charge? And how to get reliable and trusted ESG data of maritime supply chains efficiency and sustainabiliy?

Marine Digital ship energy efficiency online monitoring

CEO of Marine Digital, Ivan Ladan shows new solution with focus on voyage and emission efficiency analytics based on Artificial Intelligence

How a Focus on ESG Transparency Will Impact Business

The current patchwork of ESG disclosure frameworks and a lack of accurate ESG data form an environment with a variety of interpretations of sustainability analysis, misunderstandings of data, average calculations of impact, and hidden risks for business and investors

Operational issues and bottlenecks of maritime supply chains: 25 reasons why your cargo is delayed due to shipping?

Current maritime supply chains are not well optimised due to operational difficulties caused by an inefficient management of logistics and vessel operations and navigation, not taking into consideration force majeure events

Marine Management Software Market Overview

The global marine management software market size is predicted to register a significant CAGR of ~10.6% during the forecast period 2018 to 2028 and was valued at USD 1.5 Billion in 2020

Automatic Identification System (AIS). What is AIS Data?

The automatic identification system transmits the position of the vessel so that other vessels in the vicinity know its position. International organizations require large commercial vessels to use AIS for safety reasons and to avoid collisions with other vessels

Marine Digital listed as the ESG Global Alliance

Illuminem.com included Marine Digital in the list of ESG Global Alliance. The Alliance is composed of 500+ companies across all continents and industries. Alliance members have no formal engagement, but are empowered to lead a global ESG transition

Largest container ship in the world has been floated out

China’s Hudong Zhonghua Shipyard is squeezing more slots onto its megamax designs to break new size records for container shipping

Marine Digital in the list of Top Energy Efficiency Startups (Logistics category)

Curious about new technological advancements in the energy sector? Explore analysis of global startups & scaleups and learn how their solutions enhance energy efficiency!

Flagship Founders’ have added Marine Digital at the first European Maritime Startup Map

Europe Flagship Founders’ made the first European Maritime Startup Map. Flagship Founders’ believe that digitalization, and with it young, innovative tech companies will shape and transform the future of shipping in a crucial way

The Shipping Industry: The greatest source of global carbon emissions?

There are various emissions from the ship which are responsible for ozone depletion greenhouse effect as well as human health due to this pollutant by the seat meaning premature death respiratory and cardiovascular disease were reported

ESG In Maritime Logistics: What Will 2022 Bring?

The new "Amazon Effect", agreements and rules from regulators, and a growing interest in supply chains efficiency from investors can significantly reshape the industry, bringing more transparency and accuracy to ESG metrics, benchmarking and strategy

Maritime supply chains transparency for business sustainability

Marine digital has developed the trusted data solution for all companies using ocean shipping and maritime supply chains - corporate businesses, governmental institutions, carbon accounting services, sustainability, and strategy consulting companies

Strengthening The OCIMF Ship Inspection Report Program (SIRE.02)

The OCIMF Ship Inspection Report Program (SIRE) has made a significant contribution to improving the overall safety record of the maritime industry

Spreadsheets For ESG Analytics Are Still The Main Tool For Most Public Companies

ESG data accounting at most companies is at a level where financial accounting was 40 years ago. Only 25% of companies participating in the recent survey reported that their companies' ESG analytics currently reside in ESG-specific software

BS Group Virtual Conference: Voyage Efficiency for CII Compliance

At the "Voyage Efficiency for CII Compliance" event (27-28th of April) Ivan have shown an innovative web dashboard indicating the fleet CII (Carbon Intensity Indicator), with its historical dynamics and a future forecast

Five Reasons To Start Measuring Supply Chains Emissions in 2022

The most complicated aspect of calculating value chain emissions is the data collection process itself. Obstacles and reasons is A wide variety of stakeholders, different reporting standards, and a lack of trusted and reliable data sources

New Regulations Supply Chain Due Diligence Act will enter into force in 2023

New regulations force companies and investors to act. According to GSCA the in-scope companies are required to identify and estimate risks to human rights and the environment within their supply chains as well as implement appropriate or adapt their existing risk management accordingly

Top 12 Supply Chain Trends: What You Should Know About Logistics in 2023

Supply chain management trends in 2023 will be influenced by numerous factors, from technology and economics to world events. Here's what we expect to be a hot topic for the global supply chain industry in the coming months

Marine Digital on maritime software landscape

There are currently scores of 550 apps available from a different software vendors in various categories such as vessel performance monitoring, voyage management and optimisation, navigation, cargo & vessel tracking, port operations and logistics

What Are Scope 1, 2, 3 Of The GHG Protocol?

The GHG Protocol serves as a standard for measuring and reporting organizational level direct and indirect greenhouse gas emissions, help companies increase transparency and consistency in their GHG accounting and reporting

ESG Reporting: What You Need To Know

The growing importance of ESG reports is supported by the fact that the investors and other stakeholders are calling on companies to disclose more about their sustainability and environmental, social, and governance strategies

Ship fuel spikes to historic $1,000/ton mark as war fallout worsens

The fuel prices have doubled, but what should shipping company do with that? Our suggestion is to check where the actual fuel losses of your fleet are located

What is EEOI - Energy Efficiency Operational Indicators?

Using EEOI as a practical assessment method for evaluating ship energy efficiency and CO2 emissions to the environment, the IMO is making a lot of effort to meet its 2050 emission goals

Top 10 Biggest RoRo Ships In The World

RoRo ships are maritime vessels that are utilized mainly for transporting wheeled cargo. These vessels are of different types such as pure car carriers or pure car and truck carriers. Let’s take a look at the top biggest RoRo Ships in the world today

What is a Switch Bill of Lading?

Much can change in the process of sending goods from one place to another. Corrections or changes to the original bill of lading require the issuance of another set with the correct data through a replacement bill of lading

What Are OEM and ODM In Maritime?

The main advantage of OEM is that the projector retains total creative control over the development. Whereas ODM products are restricted to a predetermined design, OEM products can be made according to any specifications

Is It Real For A Ukrainian Sailor To Go Home Now? — Maritime Lawyer Answers

There are many questions from sailors and requests for advice on how to get home as soon as possible from the steamers, because the companies do not release them under any pretext. How, after all, in such conditions, to write off a sailor?

Top 12 Largest Tanker Ships (also LNG, LPG) in the World

At present tanker ships are used to carry a wide range of products such as Hydrocarbon products like Liquefied Natural Gas (LNG), oil, Liquefied Petroleum Gas (LPG), etc. Following is a list of the top ten largest ship tankers in the world

TOP 15 navigable canals important for shipping and maritime logistics

Navigable canals connect seas, lakes, and rivers and are vital because they offer shorter transport routes and also help regulate intra-country water transport and facilitate the daily movement of various vessels

Fragmented maritime impact

The maritime market was not really able to find the balance in data sharing and communication standards, so every major has its own standard now. This is fragmentation - hard to connect with each other and hard to share information efficiently

N.S. Savannah is a nuclear-powered cruise ship

The N.S.Savannah, the world's first nuclear-powered merchant ship. At first glance, it looked like an ordinary cruise ship. But there’s one thing that sets this ship apart from any other. Just a few meters from the passenger staterooms were a nuclear reactor

What does FOB Mean in Shipping Terms?

FOB is the most common agreement between an international buyer and seller when shipping cargo via sea

How bitcoin fans built a utopia free from prejudice and taxes: the story of the failure of the world’s first crypto cruise ship Satoshi

The founders wanted to escape the bureaucracy and live by their laws, abandoning life on land, and founding a city in the middle of the ocean, but they knew nothing about cruises and maritime law

Marine Digital report: Results of 2021 year

2021, despite the continuation of the Covid restrictions, was very productive for Marine Digital when you look at the development of a startup. In this article, we would like to the main events that happened year long

Shipowners Lack The Motivation To Reduce Emissions…Here’s Why

It’s interesting to know that nowadays the structure of the vessel market and its operations work in a way that there is an actual block towards the innovation process. It will be a long read

IMO Infographic: 10 years of action on GHG emissions from shipping

The year 2021 marks a decade since IMO adopted the first set of mandatory energy efficiency measures for ships, on 15 July 2011, as part of MARPOL. As such, IMO shared an infographic providing a timeline of actions to cut GHG emissions from shipping

EEXI And CII: Dual Regulations Reducing Ship's Carbon Impact

By 2030, the IMO aims to reduce vessels’ carbon emissions per transport work by at least 40% and is targeting a 70% reduction for 2050. In June 2021, the MEPC will put forward two new regulations that will impact ship owners worldwide: EEXI and CII

How We Build A Technology For Marines With 2,300+ Active Contacts

My name is Ivan, I’m a founder of Marine Digital. We work in a niche of big vessel performance optimization. Our main goal is to make modern instruments of decarbonization available for the mass market

Incoterms 2020. Point of Delivery and Transfer of Risk

The Incoterms rules are the world’s essential terms of trade for the sale of goods. The Incoterms rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis

CII – Carbon Intensity Indicator

Regulators and other stakeholders in the maritime industry are intensifying their efforts to cut greenhouse gas (GHG) emissions from shipping by improving vessels’ energy efficiency as well as introducing new technologies and low or zero-carbon fuels

Digital Noon Report - the first step to working with vessel data

Noon report solutions: Marine Difital noon report, Konsberg, StormGeo,Nautilus Labs, Veson Nautical. Make it easy to report between ship and shore

TOP-15 significant seaports for global logistics

In this review, we will consider not only the largest ports in Asia in terms of cargo turnover, so we present to your attention the TOP-15 significant seaports for global logistics

Green technologies in maritime and shipping video review by Marine Digital

We present you with a video overview highlighting the key issues of maritime logistics, global trade, and the environment

Marine Digital solutions for shipowners and shipping companies

In Marine Digital we work in the Field of Vessel performance optimization offering the edge hardware and AI technologies to provide fleet insights and reduce the fuel consumption of the vessels

Maritime transport technology outlook for 2030

More ships will offer energy efficiency using renewable energy sources to reduce fuel consumption, environmental impact through measures such as improved hydrodynamic design, the use of lightweight materials and advanced hybrid energy storage systems

Why do huge Retail companies need greener ships

Globally, the growth of shipping has a huge impact on the environment and public health. Each year, the shipping industry emits one billion metric tons of air emissions, causes 6.4 million cases of childhood asthma, and causes 260,000 premature deaths

Why your cargo has not yet arrived at the port or the main reasons for the delay of vessels

Until the recent accident with the Evergreen ship, which closed the Suez Canal, few people outside of the maritime logistics sector thought about how much of the world is transported by ships. In this article, we would like to tell you about the main reasons why a ship may arrive at the port later than the appointed time.

Maritime technology challenges 2030

Technology can help solve environmental problems for shipping and improve operational efficiency. The current rate of innovation is high, especially with the introduction of digitalization and new transformative technologies of cyber-physical systems

How has vessel propulsion changed?

Since the first ships appeared, people want to make them faster and more efficient. For this, the modes of transportation have changed over the centuries. Let's take a look at how ships' engines and propulsion systems have evolved over the years and what the future holds for them.

TOP 10 biggest LNG shipping companies with LNG carriers

Natural gas is the most environmentally friendly combustion option from fossil fuels, which means that prioritizing its use globally will help reduce global CO2 emissions and improve public health. The LNG process allows this profitable fuel to be safely and efficiently offloaded aboard purpose-built LNG vessels

TOP 10 largest container lines with biggest container ships in Maritime logistics

The slump in production and export orders globally led to moderate growth in container traffic in 2019, while the Covid-19 pandemic further impacted global demand in 2020. Ship Technology lists the top ten shipping companies by their combined twenty-foot equivalent (TEU) in 2019

TOP 15 best cruise lines with most recognisable cruise ships

Cruises have evolved over the past century. And while 2020 was a volatile year for cruise lines, the industry continued to grow. Therefore, we bring to your attention the best and most recognizable cruise destinations in the world.

TOP 10 Largest shipping companies with bulk carriers

Today the world dry cargo fleet accounts for 40% of all vessels in terms of tonnage and 39.4% in terms of the number of vessels. Let's start the review of the largest bulk companies in maritime logistics

Smart Ship as one of the trends in maritime

In the future, smart ships will include digital information, computer coding, and new technological infrastructure, which is also the driving force behind the modern world. What is needed for this?

Ship Anchor and Ship Anchoring Methods

There are many ways to anchor ships. Duration and location depend on a number of variables and external factors. For example, wind direction and strength, current, and tidal current. Consider the most common mounting methods ship anchor

15 Biggest Shipping Companies in the World

At least 11 billion tons of goods are transported by sea every year, which means an average of about 1.5 tons per person worldwide. Now that the world is more globalized than ever, shipping is at the pinnacle of today's global cycle

10 Largest Oil Tanker Companies in the World

Despite the growing contribution of renewables to global energy consumption, the global market remains highly dependent on oil. As of April 2020, the global fleet included 810 very large crude carriers

TOP 9 sensors on the ship for monitoring its performance

9 different sensors that can be found in one form or another on each vessel, and information from which is used not only by the captains of the vessel to make decisions on maneuvering but also by the shipping company to monitor vessel performance.

Data analytics in maritime/shipping

Big data is used to control sensors on a ship and to perform predictive analysis. Enhanced decision making through big data analytics is being actively implemented to avoid and predict additional costs and can be used throughout the life of a ship

Digitalization in the maritime / shipping industry

Digitalization and new developments in artificial intelligence, blockchain, IoT and automation are becoming more relevant for maritime transport. They help streamline existing processes, create new business opportunities, and transform supply chains

Shipping Demands Agile Production and Support

Shipping сompanies can reduce costs by using agile working methods, like collecting feedback from the client, work within the framework of sprints and other attributes of agile

21 Types of Navigation Equipment onboard Ships in Maritime

Thanks to modern facilities and automation, the vessel is equipped with several advanced navigation equipment systems that provide accurate voyage data. Here are 21 different types of navigation equipment that are available on all merchant ships

Predictive Maintenance for Marine Vessels

In the maritime industry planning and performing regular maintenance is better than using broken equipment at all. But will we have to rely only on the system of scheduled or periodic maintenance that the entire fraternity usually adheres to?

Download for free the Guidelines on cyber security onboard ships

Cyber security is important because of its potential effect on personnel, the ship, environment, company, and cargo.Cyber security is concerned with the protection of IT, OT, information and data from unauthorised access, manipulation, and disruption

Reducing greenhouse gas emissions: decarbonization and sustainable energy in maritime

Commercial shipping is increasingly seeking to using renewable or alternative fuels in order. Marine experts consider this necessary to for reduce the amount of pollutants to meet requirements, and to reduce climate change and reduce greenhouse gas emissions.

How robotics is changing the maritime industry and what kind of robots are being used in shipping?

Modern robotics is spreading across almost all sectors, including the maritime industry. A huge number of online services, devices, software and, of course, robots have become the drivers of economic and social development

Best practices to avoid 7 of the common marine navigation mistakes that can lead to accidents

We discussed various cases of navigation errors with our advisors and partners in the maritime industry, as well as with potential shipping clients, and then identified a few basic maritime skills and navigation best practices that could save the day

Smart ship vs Digital Twin

Very often, many people confuse terms such as Smart Ship and Digital Twin. When introducing modern technologies into their business processes, each shipping company should understand what the difference is and could decide which solution to use

IMO environment committee approves to cut ship emissions

Draft new mandatory regulations to cut the carbon intensity of existing ships have been approved by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) in virtual session 16-20 November 2020

The Review of Maritime Transport 2020

Global maritime trade will plunge by 4.1% in 2020 due to the unprecedented disruption caused by COVID-19, UNCTAD estimates in its Review of Maritime Transport 2020, released on 12 November.

Data Mining on ships. What does it take to leverage Big Data in maritime logistics?

Analyzing data from multiple sources will enable to improve the management of vessel performance in key areas such as fuel consumption, energy management, emission control, monitoring the health of the vessel's equipment, and route optimization

Economic Value of the EU Shipping Industry, 2020 by Oxford Economics

Launched earlier in February during the 2020 European Shipping Week 2020, ECSA has produced a more comprehensive publication of the latest figures on European shipping by Oxford Economics.

Cybersecurity in shipping and port technologies: examples of cyber attacks in maritime

Cybersecurity of AIS, ECDIS, VDR, EPIRB and other specific information systems for shipping companies and technologies in the maritime Industry.

Sensors and IoT in the shipping industry

Shipping is constantly becoming the main field of automation and digitalization. All over the world, vessels are being equipped with the latest technologies, sensors, and software solutions. Cost savings and efficiency are in the foreground

How much fuel do shipping companies lose if the hull is in bad condition?

The application of a special coating and regular repair of the hull to combat clogging of the underwater part of the ship with algae and shells is costly. But due to the poor quality of anti-fouling coatings, the shipping company may lose significantly more

Transformational technologies in shipping industry

Today almost everyone perceives digitalisation as the use of new technologies. But it's not always the case. What else is required of maritime logistics participants to make their business more digital and how to apply it correctly

Technologies in the Shipping Industry: main technological trends in Shipbuilding

3D printing, Robotics, Virtual and Augmented Reality, VR/AR, Engines powered by LNG, Laser Cladding Machine and other modern technologies that are beginning to be used in shipbuilding

Evolution of piracy at sea: pirates in maritime 2020

There is a 24% increase in piracy due to the current COVID-19 pandemic, which has shut down many businesses and job opportunities around the world. The temptation of a little quick money led many to choose the illegal path - Maritime Piracy

Artificial Intelligence (AI) and Machine Learning (ML) in maritime logistics

Machine Learning allows to apply intelligent algorithms and to evaluate data that helps to guide the logic of possible problems in maritime transport. These methods can be used in marine network planning, voyage planning, cargo optimization and etc.

What does it mean “pay as you sail” for shipping companies?

Navigation in maritime is essential. Delivery and updating of ENC (Electronic navigational chart) is a safety and cost saving issue for the shipping company. New service Pay-as-you-sail (PAYS) helps with installing ENC on vessel’s navigation system

Optimizing your vessel's route for time and fuel consumption

Choosing the best route that avoids storms, strong undercurrents, and simple downpours and high waves not only provides safety but also allows the ship to reach its destination much faster, saving time and fuel on vessels and for shipping companies

Big Data in Maritime: How a shipping company can effectively use data

Key uses of big data in shipping and logistics: analytics for shipowners, data engineering, vessel performance and fleet situational management. Big Data in Maritime. How a shipping company can effectively use data from vessels and external sources.

The ship is a key link in supply chain and a technically complex assembly

The key importance for the shipowner is optimal navigation, in terms of safety and economy, that's why they are on the lookout for systems that allow integration into the infrastructure ship to collect data from the forecourts and external resources

Green Ship: Green technologies in Shipping Industry

Cleaner trends in maritime and Greener Ships. Shipowners around the world face the choice of how to adapt to the requirements of IMO and are looking for Innovative and Green Technologies for Shipping: Green-tech in the maritime industry and shipping.

The importance of cybersecurity in the maritime industry

Cybersecurity in maritime affects the safety of the crew, vessel, cargo and even ports. Cybersecurity in shipping is the data protection of IT systems, onboard ships hardware and sensors and data leak from unauthorized access, manipulation, and disruption

Software solutions for ship situational awareness

Every possible human factor has to be controlled by the shipping companies, that's why there are a number of IT solutions that are proposed to decrease the chance of human errors on the bridge of the ship

Fuel Optimization System (FOS) allows a shipping company to reduce fuel consumption

Fuel consumption optimization systems not only provide the amount of fuel used during the trip, but also provide additional data related to fuel usage

CO2 emissions from the marine industry: how can shipping companies be greener?

What is the impact of the introduction of a system that reduces fuel consumption besides the economic effect

From fuel consumption sensors to a machine learning for Fuel Optimisation System in maritime industry

Fuel consumption optimization systems not only provide the amount of fuel used during the trip, but also provide additional data related to fuel usage

Digital ship: the main technological trend in the shipping Industry

"Digital Ship" is one of the main topics in recent months is not a standalone solution, but a complex of several trends in the digitalization of a shipping company

TOP 5 factors for lower fuel costs for Shipping companies

Fuel consumption optimization systems not only provide the amount of fuel used during the trip but also provide additional data related to fuel usage

Marine Digital Fuel Optimisation System Onepager

We are working on the fuel optimization system for shipping companies to save up to 12% of fuel per year for bulk and tanker fleets and other big vessels

Cybersecurity and Disaster Recovery Plan by Marine Digital

One of the most important issues when connecting Marine Digital FOS on a vessel is the issue of the safety of connecting and exchanging information

Marine Digital listed as The Climate Tech Startups to Watch This Month

In this monthly series, the Startup Basecamp was doing feature of incredible climate tech startups, companies, or projects that are leading the fight against the climate crisis

New service for maritime navigation - PAYS (Pay as you sail)

One of the parts of Marine Digital FOS is PAYS service. You will reduce expenses on maps thanks to the PAYS, which allows you to pay only for charts you used while your journey

Аdvantage of Fuel Optimization System from Marine Digital:

Marine Digital FOS can be integrated with other system and third-party's solutions through the API. To implement vessel performance monitoring for any vessel, we are using mathematical algorithms, machine learning and the same equipment as in FOS. The more data we collect from vessels, the more precise reports and recommendations our system will perform according to your individual requirements in fleet management.

If you have any questions about the solutions and the Marine Digital System platform, write to us, we will be happy to answer

Increased business process speed

Reducing to zero the number of errors

Best offer to the clients

Reduction in operating expenses

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