EEDI Phase 3 – New Features for Flagship
Fleet sustainability and a greener future for all is top of mind for Marsoft, and we strive to accurately reflect the value of energy efficient ships in our platforms.
The Energy Efficiency Design Index (EEDI) sets a floor for the energy efficiency per tonne mile of newly built ships: it lays out efficiency limits, by setting parameters, instead of prescribing methods to reach them. EEDI regulations apply to the majority of seagoing vessels, such as tankers, bulk carriers, gas carriers, general cargo ships, container ships, refrigerated cargo carriers, and combination carriers.
EEDI Phase 3 became effective in April 2022 (for containerships, large gas carriers, general cargo, and cruise ships), requiring reductions of 30-50%, depending on vessel type, and size. Remaining ship types, such as bulk carriers, larger gas carriers and tankers will have to comply starting in January of 2025.
Marsoft’s Flagship now includes a Fuel Efficiency Specification for all vessels. This setting increases the fuel efficiency by a further 50%, compared to fuel efficiency gains of Eco ship types. An EEDI Phase 3 ship has a 37.5% lower consumption vs a non-eco ship (an Eco ship has a 25% lower fuel consumption than a non-eco). The screenshot below shows where the option appears in the vessel input form:
Naturally, the increased EEDI Phase 3 fuel efficiency brings with it a higher value for the vessel, as well as more lucrative employment opportunities.
For instance, a newly built chem-oil tanker, of 50,000 DWT in carrying capacity, built in a Tier 1 (high quality) shipyard, enjoys 17% better consumption and a 3% higher value compared to an identical traditional Eco ship, as of our Q1 2023 release.
EEDI Phase 3 fuel consumptions and values vs traditional Eco ships
Find out more about the EEDI Phase 3 through the IMO portal here.