Now’s the perfect time to invest in new ships. But selecting the right class is key, as the requirements in terms of environmental compatibility are always increasing.
New ships have been subject to special guidelines regarding CO2 emissions since 2015. The Energy Efficiency Design Index (EEDI) governs cargo ships and sets a ship’s emissions in relationship to its transport capacity.
Of the 2,701 handysize bulkers that currently traverse the world’s seas, just 755 fulfil the current requirements for CO2 emissions, which stipulate a reduction in CO2 of 10% for new ships. New ships commissioned from 2025 will be subject to the second EEDI phase (a reduction in CO2 of at least 20%), which only 274 ships in the fleet currently fulfil. The third phase will take effect in 2029 for new ships, which will have to demonstrate at least 30% less CO2 emissions.
There are currently two handysize bulkers in the entire world that already fulfil these criteria: the Voge Sophie and her sister ship Sea Eagle, both new Vogemann ships completed in 2019. With these handysize bulkers, Vogemann is nearly ten years ahead of its time environmentally.