Pacific International Lines (PIL) has taken a significant step towards its decarbonization strategy by signing a memorandum of understanding with the American Bureau of Shipping (ABS). The agreement aims to collaborate on emissions verification linked to alternative marine fuels, supporting PIL's participation in book and claim registries. This move is part of the company's commitment to reducing emissions across its fleet and aligns with international maritime emission reduction goals set by the International Maritime Organization.
The partnership between ABS and PIL will focus on improving transparency and emissions reporting for the maritime industry. By verifying fuel consumption, transport activity, and emissions data, ABS will act as an independent third-party verifier of PIL's data. This arrangement enhances oversight and independent assurance for book and claim registries, ensuring consistent and reliable assessment of emissions and fuel data.
Rostom Merzouki, ABS Vice President, Global Sustainability, emphasized the importance of independent data verification in building trust for meaningful progress in reducing emissions. He stated that ABS brings deep technical expertise to this work and is pleased to support PIL's commitment to reducing emissions across its fleet.
The collaboration between ABS and PIL supports broader adoption of low- and zero-emission fuels as their availability grows. By tracking environmental attributes of fuels separately from their physical use, the book and claim mechanism enables emissions reporting and access to low- and zero-emission fuel solutions.
PIL Chief Marine Officer Abhishek Chawla highlighted that the partnership enhances oversight and independent assurance for Book and Claim registries, ensuring consistent and reliable assessment of emissions and fuel data. He added that this supports broader adoption of low- and zero-emission fuels as their availability grows.
The International Maritime Organization has set international maritime emission reduction goals, which PIL is committed to achieving through its decarbonization strategy. The collaboration between ABS and PIL is a significant step towards supporting these goals.
ABS's involvement in verifying emissions data from PIL's marine fuels demonstrates the company's commitment to helping clients navigate maritime digitalization with clarity and confidence. This partnership highlights the importance of independent data verification in building trust for meaningful progress in reducing emissions.
The book and claim mechanism allows environmental attributes of fuels to be tracked separately from their physical use, supporting emissions reporting and access to low- and zero-emission fuel solutions. This collaboration will focus on improving transparency and emissions reporting for the maritime industry.
By working together, ABS and PIL aim to support the adoption of low- and zero-emission fuels as their availability grows. The partnership between these two companies is a significant step towards reducing emissions in the maritime industry and achieving sustainability goals.
The partnership highlights the importance of independent data verification in building trust for meaningful progress in reducing emissions.
