Baltic Exchange, in collaboration with Shanghai OTC Commodity Derivatives Association (SOCDA), China Economic Information Service Shanghai Branch, MCS Group and Bank of Ningbo, held an exclusive seminar in Shanghai in mid-July on the changing nature of emissions regulations in the maritime sector and how shipping and trading companies can strategise their businesses to adhere to carbon mechanisms.

The seminar opened with a welcome speech from Jin Yu Cheong, Head of Baltic Exchange Asia, and included a detailed insight on maritime emissions regulations from Martin Crawford-Brunt, Emissions Lead from Baltic Exchange.

The main focus of the seminar was the changing nature of shipping's emissions regulatios and the implications of more goal-based regulations and new traditing elements. With the increasingly complexity of carbon regulations coming into full focus, there was a major discussion about market response, how exisiting fleets wil face increasing pressure to adhere to EU and IMO regulations, and the accountability for adhering to the regulations.

However, the seminar offered several solutions that could aid with cost and compliance, including investment in maritime data and software tools, alongside the importance of consistent emissions baselines.

Baltic Exchange offers several tools that can help the shipping industry adhere to emissions regulations. This includes the Baltic Exchange's series of Emissions Calculators, which utilises indicative CO2 emission reference points for the Baltic dry and tanker routes based on standard vessel descriptions to help owners take practical steps to minimise their carbon footprint.

Click here to access our range of emissions calculators and see what steps can be taking to reduce your vessel's carbon emissions during voyages.