Implications of IMO EEXI compliance and carbon intensity reduction in shipping operations
Master Thesis
Author
Πάνου, Κωνσταντίνα Νεκταρία
Date
2023-04Advisor
Λαγούδης, ΙωάννηςLagoudis, Ioannis
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Keywords
EEXI ; CII ; IMO ; DecarbonizationAbstract
The aim of the present research is to analyze the two new IMO indexes, the EEXI and CII, as well as the implications of which will affect the operational processes of a shipping company and the efficiency of the ship. Firstly, this paper describes the main Greenhouse Gases and their impact to the environment, as well as the contribution of Shipping Industry in the worldwide Greenhouse Gas levels. Furthermore, the research presents the legislations of EEXI and CII, which oblige all ships over 5,000 GT to meet new requirements in technical and operational levels. In addition, the paper demonstrates EEXI and CII calculations for two Ultramax bulk carriers which do not comply with the new regulations and their shipowners are obliged to proceed with mitigation measures. Moreover, based on the data resulting from the calculations, this research analyses the challenges that shipowners will need to face in the near future, such as the legal aspect and the relation of the shipowner with the charterer. Finally, the paper presents some efficient and alternative green methods of reducing CO2 emissions from shipping, such as Alternative Fuels, Wind Propulsion and Waste Heat Recovery Systems.