ClassNK has launched a new service as part of its ‘ClassNK Transition Support Services’, which aims to facilitate the maritime industry’s transition to alternative fuels.
The new service, ‘ClassNK Fleet Cost Simulation’, estimates the cost impact of GHG emission reduction regulations including IMO’s mid-term measures, EU-ETS, and FuelEU Maritime. The service provides a calculation tool that simulates future cost fluctuations due to fuel conversion, along with a cost estimation report that summarises the total cost outlook for the entire fleet through graphs and tables. This service is expected to significantly reduce workload for cost estimation and documentation, enabling clients to obtain reliable cost data for use in business planning.
The service includes the following two offerings:
- ClassNK Fleet Cost Calculator (in Excel format), which covers three major environmental regulations: IMO GHG Fuel Intensity (GFI), EU-ETS, and FuelEU Maritime. (Updates will be provided to reflect regulatory changes following future IMO MEPC amendments). It allows flexible customisation of assumptions, including not only ship prices and fuel prices but also vessel replacement timing, fuel efficiency improvement rates, GHG emission factors, etc.
- Cost Estimation Report (in PowerPoint format), which provides a report summarising cost projections up to 2050 in graphs and tables, based on actual fuel consumption data. It is designed to comprehensively reflect cost factors that affect business including shipbuilding, fuel, and regulatory compliance. The PowerPoint format makes it ready for direct use in internal presentations and reporting for management. As an additional service, ClassNK can, upon request, offer an advanced version of the report, which simulates and analyses the timing and effects of fuel conversion for cost optimisation.
ClassNK aims to continue to support decarbonisation efforts through further enhancements to its transition support service.
Image: ClassNK fleet cost calculator (source: ClassNK)
