Chevron has tapped ABS Wavesight to track greenhouse gas emissions across its shipping fleet.
The deal will see the California energy giant utilise the technology company’s My Digital Fleet platform to report greenhouse gas emissions to meet the requirements of the International Maritime Organization and European Union.
And the data will be utilised to report carbon emissions under the Sea Cargo Charter, a private-sector initiative for which Chevron is a signatory.
Chevron Shipping plans to use the ABS Wavesight platform to streamline and consolidate its greenhouse gas data collection to meet the various reporting requirements, which it also hopes will help it make more informed commercial decisions.
The deal marks the first significant customer announcement for ABS Wavesight since it spun off from classification society American Bureau of Shipping as an affiliated company. My Digital Fleet is its flagship product.
Paul Sells, the software-as-a-service company’s president and chief executive, said the maritime industry is at a critical moment when access to real-time insight to make operations more sustainable and reduce operational risks is essential.
“Chevron is a very forward-looking company, and they’re not just looking at what they have to do to meet the minimum,” Sells said. “They’re looking at what they have to do in the years to come as well.”
Chevron owns a fleet of tankers and LNG carriers, and it is a leading tanker charterer.
The company joined the Sea Cargo Charter, in which signatory charterers have committed to disclosing emissions to benchmark them against global decarbonisation goals, in December 2021.
Chevron Shipping president Mark Ross said that data plays a powerful role in helping the maritime industry reach its decarbonisation goals.
“We know that in order to reach our lower carbon goals and objectives, partnerships and new industry data practices will be required,” he said in a statement.
