- Lookout Maritime, a new company formed by ex-RightShip supremo Martin Crawford-Brunt, has formed a strategic partnership.
- It is with Hong Kong shipmanagement giant Anglo-Eastern to support shipowners with both the prioritisation and implementation of sustainability initiatives.
A recent Splash 247 news source by Sam Chambers states that former RightShip boss reemerges with Anglo-Eastern tie-up.
Sustainability review at a fleet level for shipowners
The initial focus of the partnership will be on delivering a sustainability review at a fleet level for shipowners, including the impending Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations.
Detailed recommendations on identified conversion candidates are provided after consideration of a range of factors and drivers.
This includes the future tradability of the vessels and other commercial implications, as well as a business case if required.
Project teams at Anglo-Eastern will then manage the conversion project on behalf of the owner.
Tangible implementation of solutions
Commenting in a release on the partnership, Martin Crawford-Brunt, CEO of Lookout Maritime said: “It is critical that, as an industry, we move beyond the rhetoric to the tangible implementation of solutions that will accelerate shipping’s decarbonisation pathway and the route to widespread sustainability.”
Crawford-Brunt was CEO of online vetting company RightShip from 2018 to December last year. Prior to that he was with class society DNV.
Bjorn Hojgaard, CEO of Anglo-Eastern, said Lookout Maritime had been selected as a strategic partner because of its wider stakeholder perspective and experience.
Help industry on its sustainability journey
- Speaking with Splash today, Crawford-Brunt said Lookout Maritime has been established to help the industry on its sustainability journey.
- He warned there was too much inertia among shipowners today in terms of setting their green goals.
- The impending CII regulation in particular is likely to be a far greater headache for owners than many imagine, Crawford-Brunt said.
“It’s wrong to sit and wait. Owners should benchmark now to see where their ships stand,” Crawford-Brunt said, advising owners to act now to avoid a scrubber-like scramble for yard space as the regulation comes into view 15 months from now.
Crawford-Brunt said he did not see the creation of Lookout Maritime as any conflict with his previous employers, RightShip, arguing it was a continuation of his career journey over the past 25 years.
Impending EEXI and CII regulations
As shipping comes to terms with the impending EEXI and CII regulations, a host of advisories and consultants have come to the fore, offering some startling statistics on how ill-prepared the global merchant fleet is for their implementation.
Regarding CII, analysis conducted by class society ABS this June using 2019 EU-MRV data suggests that to achieve the desired A, B or C energy efficiency categories by end of 2030, based on anticipated reduction factors, 92% of the current containership fleet will require some kind of operational change, with the figures for bulk carriers at 86%, tankers at 74%, gas carriers at 80% and LNG carriers 59%.
Meanwhile, brokers Simpson Spence Young (SSY) warned last month less than 25% of bulkers and tankers will attain EEXI compliance leaving most of the global merchant fleet facing either engine power limitation (EPL) options or another form of CO2 abatement.
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Source: Splash 247