Christian Bonfils-led Copenhagen Commercial Platform is branching out and has launched a new independent tool to make monitoring and reporting fleet emissions more simple.
The OceanPass tool means CCP is diversifying its activities outside of commercially managing bulk carriers.
OceanPass uses data on fuel use and distance sailed to generate a live overview of how each vessel is performing and produces reports for both internal and external use.
The tool can be used to monitor performance in emissions reporting regimes such as the Carbon Intensity Indicator (CII); Energy Efficiency Existing Ship Index (EEXI); Energy Efficiency Operational Indicator (EEOI); Poseidon Principles, Annual Efficiency Ratio (AER) and the Sea Cargo Charter. Other metrics and indices can be added too.
Christian Bonfils, CEO and co-founder of CCP, told TradeWinds his company has been generating these reports for its own use and is launching OceanPass as an independent service now it has “perfected” the offering.
“Speaking to banks and our clients, we realised there’s no industry standard and everyone is having the same issue that all reports like this are often part of a sustainability report, which is 70 pages or some very heavy technical document,” Bonfils said.
“The idea is to make complex indices done by technical people digestible for commercial people.
“CII and [other metrics] are often calculated by the end of the year. By having a quarter-by-quarter overview, then you know when it’s time to react.”
OceanPass generates colour-coded indications of which ships require the most urgent attention. The reports can be pulled off in PDF format for dissemination to stakeholders such as banks and charterers.
“In addition to that, it highlights who is responsible for whatever emissions. An owner can have bought an efficient ship, but due to third-party party operation it can have a bad CII [rating]. If you have all indices next to each other, it gives you a quick overview of who’s responsible and when to react,” Bonfils told TradeWinds.
The tool also comprises verification processes too. OceanPass’s proprietary algorithm crosschecks AIS data for voyage distances and bunker delivery note (BDN) data for fuel consumption. There is also the option for verification and certification by a classification society.
Michael Schmidt, head of ESG and projects at CCP, said: “I have been in shipping for 30 years and never before have technical and environmental issues influenced commercial decisions like they do today — with OceanPass, we provide a simple and powerful tool to take control and react.”
OceanPass began operating on Wednesday and is based out of CCP’s office in Copenhagen.
CCP evolved in 2021 from what was BW Dry as a commercial manager of bulk carriers with a focus on demonstrating each vessel’s environmental metrics. Its aim has been to help shipowners to improve their emissions performance and to assist charterers in finding efficient vessels.
The platform is backed by BW Group via its BW Investment arm and Danish owner Weco Shipping.
