IMO DCS Regs: A Game-Changer in Shipping
Weather critical to fulfilling IMO DCS potential and boosting shipping’s sustainability says StormGeo
StormGeo believes the upcoming IMO DCS (Data Collection System) regulation can be a game-changer for shipping – enabling a more environmentally and commercially sustainable age of operations. However, according to the global leader in weather forecasting and maritime decision support services, vessels must harness the potential of continual route optimization to realize maximum benefits.
IMO DCS data collection on 1 January 2019. It requires all vessel operators to report verified data relating to fuel consumption, with the goal of giving companies greater insights into fuel use and how to reduce it. The regulation sits alongside the EU’s existing MRV (Monitoring, Reporting and Verification) requirement, which logs CO2 emissions from individual vessels operating within and to and from the EU.
“Taken together, these two mandatory requirements mark a significant step forward on the path to sustainability for our industry,” states Mike O’Brien, StormGeo’s Vice President of Products, Shipping. “The EU regulation makes emissions data from ships publically available, so stakeholders can review environmental performance, while the IMO’s act is a move to collect and analyze information from the entire industry.
“This forces operators to undertake introspective examinations of their vessels’ impact upon the environment and find ways to improve fleet efficiency. This is a win for everyone. It’s good news for the environment and society, and ultimately good for shipowners. It means they can reduce fuel consumption and costs, while capitalizing on improved performance to secure business from customers who, in common with wider societal trends, are becoming increasingly focused on reducing carbon footprints.”
To get the full picture of a vessel’s consumption and understand how to create optimal efficiencies, O’Brien says weather plays a vital role. According to the IMO, weather routing has the potential to reduce fuel consumption by up to 4%, while ETA services (Just-in-time solutions) can add savings of an additional 5%. This can deliver significant competitive and efficiency advantages in ultra competitive segments.
“IMO DCS has huge potential for industry,” O’Brien concludes. “It’s a good example of a regulation that benefits all stakeholders and, combined with weather routing, can really bolster shipping’s commercial, as well as environmental, sustainability. We look forward to seeing it fulfill its potential from the New Year onwards.”
StormGeo is one of the world’s largest and fastest growing providers of professional weather services. The firm specializes in providing high quality forecasts, innovative products and advanced decision support services to improve operational performance, safety and efficiency.