Vortexa partners with Siglar Carbon to help decarbonise chartering
Siglar Carbon’s emissions insights in conjunction with Vortexa’s market-leading analytics will enable charterers, shipowners and shipbrokers to make carbon efficient decisions and drive industry decarbonisation.
Siglar Carbon’s carbon efficiency analytics in conjunction with Vortexa’s market-leading analytics will enable charterers, shipowners and shipbrokers to make carbon-efficient decisions and drive industry decarbonisation.
Every year, there is over 2 Trillion USD of energy trade and movement on water globally. This movement is mostly conducted with limited amounts of information amounting to inefficiencies across both the allocation and operations of energy resulting in a significant economical and ecological impact. In addition, there is increased pressure coming from the EU Emissions Trading System scheme in 2023 and the net zero commitments made by market participants forcing them to look at ways to drastically decrease current global carbon emissions across waterborne flows.
The digital decarbonization journey of chartering is complex and involves deep data collection and quality assurances, the need for full emissions overview and extensive carbon compliance and reporting as well as carbon efficient voyage planning and execution. The integration of Siglar Carbon’s carbon efficiency analytics with Vortexa’s real-time speed and predicted destination freight analytics will empower energy and freight market participants with the ability to make the most carbon efficient decisions when it comes to chartering and trading opportunities, ultimately benefiting society as a whole.
Fabio Kuhn, Vortexa’s CEO said: “Our partnership with Siglar enables energy and freight market participants to start factoring carbon efficiency alongside Vortexa’s real time analytics for physical trading decisions, driving a real impact on our industry’s carbon footprint.”
Sigmund Kyvik, Siglar Carbon’s CEO said: ”Partnering with Vortexa allows us to bring comparable emissions insight to new decision-makers in commercial shipping. This adds well to our vision of creating a common carbon language for the maritime ecosystem, making it easier to discover emissions drivers, locate efficient reduction potential and turn it into commercial opportunities.”
Vortexa provides market-leading real-time data and advanced analytics for energy and shipping markets. With the most accurate and complete picture of flows and freight dynamics, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes. We help traders, analysts and shipping professionals gain a competitive edge into complex and opaque markets by making better trading decisions with confidence. Vortexa is a multidisciplinary force of over 100 employees combining the best of energy and shipping expertise, data science and engineering across three major hubs in London, Singapore and Houston.
About Siglar Carbon
Siglar is an independent Norwegian provider of actionable emissions insights leading to substantial reduction in CO2 emissions in the shipping industry. We monitor, report and analyse granular ship emissions data for large cross commodity cargo and ship owners. Our historic and predictive emissions analytics help our customers understand the carbon risks and opportunities related to commercial shipping. The Siglar Carbon team combine extensive experience from the global shipping industry with leading edge technology to predict future shipping emissions.
Vortexa Media Contact:
T: +49 152 5952 8457
Siglar Carbon Media Contact:
T: +47 404 03 657