VesselsValue introduces ships’ energy efficiency ratings

London-based data provider VesselsValue has launched a new green product that will enable the shipping industry to meet IMO regulations.

The green data offering allows clients to access, customise and compare vessels’ energy efficiency ratings.

As explained, the latest feature combines VV’s shipping data with the IMO’s framework to calculate the energy efficiency score for an individual vessel, whether existing (EEXI) or a newbuild (EEDI).

It is available across bulkers, tankers and containers, with the flexibility to customise inputs to recalculate a vessel’s EEDI or EEXI score and compare ratings across fleets.

Expanding suite of green related data

In addition to Energy Efficiency ratings, clients of VesselsValue can search and filter by green vessel specifications including engine, propulsion and fuel type, hull design, energy saving devices, green awards and IHM green passport, BWTS, scrubber and previous employment in renewable activity.

Commenting on the launch, Tom Evans, Chief Operating Officer at VesselsValue said:

“As the world moves towards decarbonisation, our energy efficiency ratings provide a transparent, automated and accurate measure of how green a vessel is.”

“This product, when combined with our 8 Tier ownership and transactions databases, enables users to aggregate and compare energy eficiency across multiple fleets, geographies, trades or portfolios.”

Adding to this, Adrian Economakis, Chief Strategy Officer, commented:

“Our clients, including major banks, funds, owners, operators or charterers, have a genuine desire to monitor, report on and maximise vessels’ energy efficiency to comply with and exceed regulations. We are proud to be able to assist our clients on their path to decarbonisation and will continue to invest heavily in developing more green related products.”

VesselsValue went live in 2011 and works with over 500 global companies including major banks, leasing companies, shipowners, investment funds, hedge funds, lawyers, advisors and government regulators. The company has eight offices globally including London, Singapore, Shanghai and Hong Kong.

Last month, VesselsValue acquired Norwegian shipping research and advisory company, ViaMar, which provides market research and advisory services in shipping, energy and financial markets.