In the maritime industry, vessel fuel efficiency and emission data is not public and is not accurate because 80% of the global fleet are non-digital vessels with manual reporting. Therefore, in most cases there are fragmented, and sometimes out-of-date data sets from across their operations. Without a comprehensive picture of operational performance – including emissions and fuel usage – it is almost impossible to calculate environmental impact (please, be aware that averages don't work for ESG analytics
in the maritime supply chains!), identify where adjustments need to be made for improving energy-efficiency and the best way of approaching them with decarbonization strategy.
This challenge is also seen more broadly throughout shipping's wider eco-system with cargo owners, logistic companies, as well as banks and asset managers. All these stakeholders are unable to make an accurate analysis of companies' ESG performance because of a lack of cohesive, transparent, and up-to-date information. Therefore, absence of data transparency leads to the negative impact on the ability of operational planning for surrounding industries such as automotive manufacturing, e-commerce, pharmacy, space industry, food, etc., - and the damage is estimated in dozens billions of dollars annually.
That's why lots of companies today choose Marine Digital
solutions to analyze, monitor and reduce GHG emissions & carbon footprint and measure energy efficiency in marine transportation and logistics, bringing granular visibility of carbon emissions across the value chain as well as assess environmental and economic risks for business sustainability. Accumulating one of the most complex data sets in the industry and applying digital twin technology powered with AI algorithms, we are able to ensure the most accurate analytics, to identify bottlenecks of the maritime logistics and assess environmental and economic risks for business sustainability. To learn more about our ESG Solution please follow the link