Emissions tool

METIS Cyberspace Technology has refined its cloud-based data acquisition and ship performance reporting solution to offer shipping’s first tool to predict the trade-off between emissions reduction and debt servicing for ships financed under the Poseidon Principles. Assessing whether ships merit further investment to keep pace with the IMO average efficiency ratio (AER) underpinning the Principles will be key but, to date, exact emissions targets have not been forthcoming. Serafeim Katsikas, chief technical officer, METIS, said this first viable methodology allows owners to predict whether their ships would benefit most from investment, a change in operating profile or disposal in response to advancing emissions rules. It could even help owners outperforming the AER seek to lower borrowing costs.