‘BOOK & CLAIM’ SHIPPING DECARBONISATION PROJECT LAUNCHED

Dec 28, 2022 | Maritime business news

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping along with Rocky Mountain Institute, Danish Shipping, and Maersk Oil Trading have initiated a project designing a maritime specific Book & Claim.

Shipping companies want to decarbonise but cannot always find a willingness to pay for green shipping within their customer base. At the same time, customers who want to reduce their shipping emissions might not have physical access to green ships. Book & Claim is a system which can connect shipping companies offering green shipping with customers willing to pay for it. By decoupling emissions from transport service, it can create a market where these two parties meet. Customers can pay for low emissions and funnel their capital back to green shipping companies, regardless of their physical connection.

For Book & Claim to work and be credible in the maritime industry, a robust and transparent system needs to be designed. With that in mind, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping along with Rocky Mountain Institute, Danish Shipping, and Maersk Oil Trading, supported by the Danish Maritime Fund, have initiated a project to design a maritime specific Book & Claim. The first draft of the system design is now complete, and the Center is actively gathering industry feedback. The design phase of the project concludes in April with a public release of a report. The next phase will be to pilot the system, for which Orient’s Fond is providing finance to prepare for a pilot of this system.

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