OMI REGULATIONS: WHAT'S CHANGING IN 2023

New standards will come into force in 2023 so that shipping companies can accelerate the decarbonization of their fleet. Currently, the objective set by the IMO is to reduce CO2 emissions from global shipping by 40% by 2030.

TWO PARTS STRUCTURE THIS NEW STEP

From 2023 onwards, shipping companies will have to comply with the following compliance requirements (or, where applicable, implement the necessary actions):

• Technical approach: Equip ships, starting in 2023, with engines or power limiters that instantly reduce their carbon emissions
• Operational approach: Creation of a rating for each vessel called CII (Carbon Intensity Index) ranking vessels from A to E. The minimum grade that vessels must achieve is C. If a vessel is graded D or E, a corrective action plan must be submitted and the vessel corrected accordingly. After three consecutive years where no action is taken and the vessel is graded poorly, the vessel could lose the opportunity to navigate.

In addition to this:

• The EEXI (Energy Efficiency Index for Ships In Service), an index for calculating CO2 emissions for the entire fleet
• The SEEMP (Ship Energy Efficient Management Plan), an energy efficiency management plan developed for each ship.

DISRUPTIONS IN MARITIME TRAFFIC

IMO regulations require shipowners to equip each of their vessels to comply with current standards. Their detention is about two months. However, the absence of the vessels that have been stopped could be absorbed by the arrival of new capacity during 2023.

New ships also expected in 2024, will increase the available space.

In addition, the speed at which ships sail will be reduced in order to reduce CO2 emissions and thus partly comply with the levels required by the IMO in the short term. Regular departures from certain destinations will be lengthened, resulting in more delays in international logistics.

 

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