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Month: June 2023

ESG Journey with CMC Sustainability Report

Posted on by David Priestman

CMC Packaging Automation, a leading supplier of automated packaging and mailing solutions that is proud partner of KKR’s Global Impact team and backed by Amazon’s Climate Pledge Fund, has launched its first annual sustainability report.

“I’m really proud to share our first annual CMC sustainability report with our partners, investors and the wider industry,” commented Francesco Ponti, the company’s Chief Executive Officer.” We are proud to have taken our social and environmental responsibilities seriously from the very start, and to continue that tradition right up to the present. This report demonstrates that it’s possible for a packaging company to make a positive difference to the world both through its own operations and on behalf of customers.”

“Social and environmental responsibility has definitively become a decisive part of the Group’s decision-making processes and strategic choices. All the solutions offered on the market not only aim to offer an economic or productive benefit but to further contribute to the achievement of the ESG objectives of our customer portfolio”, added Luca Barzaghi, the company’s Chief Financial Officer and Head of ESG.

Environmental impact

The report reveals that CMC’s packaging solutions have cut greenhouse gas emissions by 41-58% for its customers and also reduced the need for cardboard by 41% when compared with traditional packaging methods.

This represents an important benefit for the environment, since CMC works with more than 600 clients worldwide, including the planet’s largest multinational e-commerce, retail and 3PL companies. Its pioneering work on perfect-sized packaging means that it is now able to heavily reduce the cubic volume of each box and eliminate the use of void fillers. Through innovative technology such as the flexible CMC CartonWrap solution, CMC saved more than 194.000 metric tons of paperboard in 2022 alone, according to the report – up from 124.000 metric tons in 2021.

Planning for the future

The new sustainability report outlines the company’s environmental and social aims. In 2022, the company created a long-term environmental, social, and governance (ESG) roadmap, which includes investment in the company’s human capital and reaching net zero emissions from both its own operations and from purchased energy by 2050.

CMC also hired a dedicated ESG Manager to oversee the implementation of the roadmap. Progress on key performance indicators is reported on a quarterly basis to the company’s board.
“Today’s customers and investors expect packaging companies to emphasise ESG and sustainability in their operations. They want low-emissions technologies and innovative solutions that eliminate unnecessary materials and improve the environmental impact of their own businesses,” Mr Ponti added

“This report shows that sustainability is already at the heart of what we do at CMC, which is why we are backed by the KKR Global Impact team and Amazon’s Climate Pledge Fund. It highlights the progress we have made so far – working closely with our clients to make industry more environmentally friendly – but it also represents a commitment to continued innovation and improvement going forward. I very much look forward to sharing our progress with partners, investors and the wider industry in future sustainability reports.“

Request the full 2022 sustainability report here:

ESG Journey with CMC Sustainability Report

Posted on by David Priestman

CMC Packaging Automation, a leading supplier of automated packaging and mailing solutions that is proud partner of KKR’s Global Impact team and backed by Amazon’s Climate Pledge Fund, has launched its first annual sustainability report.

“I’m really proud to share our first annual CMC sustainability report with our partners, investors and the wider industry,” commented Francesco Ponti, the company’s Chief Executive Officer.” We are proud to have taken our social and environmental responsibilities seriously from the very start, and to continue that tradition right up to the present. This report demonstrates that it’s possible for a packaging company to make a positive difference to the world both through its own operations and on behalf of customers.”

“Social and environmental responsibility has definitively become a decisive part of the Group’s decision-making processes and strategic choices. All the solutions offered on the market not only aim to offer an economic or productive benefit but to further contribute to the achievement of the ESG objectives of our customer portfolio”, added Luca Barzaghi, the company’s Chief Financial Officer and Head of ESG.

Environmental impact

The report reveals that CMC’s packaging solutions have cut greenhouse gas emissions by 41-58% for its customers and also reduced the need for cardboard by 41% when compared with traditional packaging methods.

This represents an important benefit for the environment, since CMC works with more than 600 clients worldwide, including the planet’s largest multinational e-commerce, retail and 3PL companies. Its pioneering work on perfect-sized packaging means that it is now able to heavily reduce the cubic volume of each box and eliminate the use of void fillers. Through innovative technology such as the flexible CMC CartonWrap solution, CMC saved more than 194.000 metric tons of paperboard in 2022 alone, according to the report – up from 124.000 metric tons in 2021.

Planning for the future

The new sustainability report outlines the company’s environmental and social aims. In 2022, the company created a long-term environmental, social, and governance (ESG) roadmap, which includes investment in the company’s human capital and reaching net zero emissions from both its own operations and from purchased energy by 2050.

CMC also hired a dedicated ESG Manager to oversee the implementation of the roadmap. Progress on key performance indicators is reported on a quarterly basis to the company’s board.
“Today’s customers and investors expect packaging companies to emphasise ESG and sustainability in their operations. They want low-emissions technologies and innovative solutions that eliminate unnecessary materials and improve the environmental impact of their own businesses,” Mr Ponti added

“This report shows that sustainability is already at the heart of what we do at CMC, which is why we are backed by the KKR Global Impact team and Amazon’s Climate Pledge Fund. It highlights the progress we have made so far – working closely with our clients to make industry more environmentally friendly – but it also represents a commitment to continued innovation and improvement going forward. I very much look forward to sharing our progress with partners, investors and the wider industry in future sustainability reports.“

Request the full 2022 sustainability report here:

Sustainable Warehouses at St. Modwen Park Lincoln

Posted on by David Priestman

St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has completed work on a £15m 111,000 sq ft sustainable warehouse, as part of the fourth phase of development at St. Modwen Park Lincoln, UK, which could save occupiers more than £90,000 a year in operational energy costs.

Delivered by Caddick Construction, Lincoln 111 becomes the biggest unit at the site, demonstrating St. Modwen’s confidence in the Lincoln and Newark region following the success of the Park since the first unit was completed back in 2019. In total, St. Modwen Logistics has invested £35m to deliver 411,000sq ft of space at the Park in this period, with the likes of logistics giant DHL, retailer Furniture Village and international ice cream distributor NIC all occupying space at St. Modwen Park Lincoln.

Built to St. Modwen Logistics’ ‘Swan Standard’ guidelines for sustainable construction, Lincoln 111 is rated ‘Excellent’ by sustainability certification body BREEAM and comes complete with more than 1,000 sq m of solar PV panels installed as standard to help prospective occupiers to meet their own ESG targets.

Energy generated from these panels will fully power the building’s 5,300 sq ft of Grade-A offices, making them net zero carbon in operation. Combined with other energy-efficient features which are incorporated in the design process, Lincoln 111 has been awarded an EPC A+ rating, helping occupiers to reduce their operational costs. The building also has access to an increased power supply, making it perfect for occupiers with large power requirements.

Located on the A46 dual carriageway between Lincoln and Newark, St. Modwen Park Lincoln benefits from its fantastic location and transport links and is just seven miles from the A1 with direct access available. In addition, customers at the Park also benefit from central Government investment into infrastructure improvements to the A46 Newark bypass and the completion of the Lincoln bypass, resulting in reduced travel time to the South West and North East towards the Humber Freeports.

Reserved matters planning consent has also been achieved for the fifth and final phase of development which will see the capacity of the Park total 740,000 sq ft in the coming years. There is a unique opportunity for the final development to be accelerated to meet the specific requirements of a business in need of a build-to-suit option, with St. Modwen Logistics able to deliver a single unit up to 350,000 sq ft available within 12 months.

Ben Silcock, Leasing & Development Manager, St. Modwen Logistics, said: “We are always striving to develop industry-leading warehouses in fantastic locations for our customers and Lincoln 111 is a prime example of this. As well as being near to the vital A1 interchange and benefitting from crucial infrastructure works in the region of late, the building is also best-in-class when it comes to both the quality of the development and its sustainability credentials. With extra power capabilities and reduced operational costs thanks to the installation of solar PV panels, it would be the perfect home for any businesses looking to expand their operation to the East Midlands or upgrade to a highly-efficient building.”

Dominic Towler, Surveyor at Cushman & Wakefield, added: “Lincoln 111 is the largest speculatively built unit available within a 20-mile radius and adds much-needed supply to the area. The building’s sustainable design also offers exceptional cost savings for occupiers looking to relocate from less efficient and inferior stock. Phases 1 to 3 have demonstrated that demand for space in the area is buoyant with both local and national occupiers taking units within the Park, and we again expect the unit to be of significant interest to similar occupiers.”

Lincoln 111 features eight loading docks, two level access doors and 12.5m of clear internal height, as well as 48m yard depth. In addition, 20% of the building’s car parking spaces will have EV car charging points installed and the Park offers a provision of cycle spaces, encouraging greener travel amongst employees.

IFOY Test Report: FFZ-KPI by Mobile Easykey

Posted on by David Priestman

In the run-up to the IFOY Award ceremony in Dortmund on June 22nd, Logistics Business features all the 2023 finalists and shares the verdict from the IFOY test conducted during the evaluation by an expert jury in March. Our latest entry is the FFZ-KPI software solution from Mobile Easykey.

With the Industrial Truck Key Performance Indicator developed by Mobile Easykey, users can see the performance of their intralogistics industrial truck fleet at a glance. This makes the time-consuming analysis of Excel tables and individual parameters a thing of the past. The Industrial Truck Key Performance Indicator is based on the OEE as an industry indicator for production plants. With the hardware and software developed, Mobile Easykey has expanded this industry indicator for moving machines and created a novelty in intralogistics analysis with the KPI.

IFOY category: Intralogistics Software

IFOY Test Report

The Industrial Truck, in German Flurförderzeug (FFZ), Key Performance Indicator, or FFZ-KPI for short, from the company Mobile Easykey enables the fleet efficiency of the intralogistics fleet to be determined at a glance. The prerequisites for this are a clear key figure and the easy-to-read visual traffic light system.

The FFZ-KPI is made up of four measurement parameters that are calculated together in an algorithm. The following are taken into account: the industrial truck is powered up, the industrial truck is logged on, the industrial truck is in use and the industrial truck is being driven with a load.

Fifty percent of logistics costs are based on the processes in a warehouse, and thus the industrial truck fleet also contributes a large share of the costs incurred there. The FFZ-KPI provides a manufacturer-neutral view of the performance of the fleet. It is manufacturer-independent, comparable and can be calculated on variable requirement parameters. When collecting the analysis data, the industry and the cycles of the processes on site are taken into account – because the process flows of a warehouse created on the drawing board vary greatly from warehouses that have grown organically. Reliable data can be collected per shift, per month, per fleet and also per vehicle or vehicle type.

From the collected data, clear conclusions can be drawn for fleet optimisation and future fleet deployment. Fleet managers and those responsible for the fleet can thus see the overall performance of the fleet at a glance. This is an important building block for making optimum use of the existing intralogistics fleet.

The FFZ KPI is based on the cross-industry OEE figure. This reflects the overall equipment effectiveness as a key business figure. The OEE figure is based on immobile plant and machinery. The FFZ-KPI adds further calculation parameters to the OEE key figure, which makes the key figure calculable for mobile plants.

IFOY test verdict: Intralogistics account for half of logistics costs and almost no warehouse can do without industrial trucks. However, the costs within intralogistics outside of the supply chain are often neglected because meaningful and clearly assignable data are missing. Consequently, there is great potential for savings in modern and efficient fleet management. The main advantages of the Industrial Truck Key Performance Indicator are the manufacturer-independent data and the possibility of cross-manufacturer data analysis. In addition, the KPI is easy to read due to the visual traffic light system. This makes the time-consuming analysis of Excel tables and individual parameters a thing of the past. The FFZ KPI is based on the OEE as an industry indicator for production plants. With the hardware and software developed, Mobile Easykey has expanded this industry indicator for mobile machines and created a novelty in intralogistics analysis with the KPI. Another important component is the cross-industry use of the KPI.

IFOY Innovation Check

Market relevance: The FFZ-KPI software is well suited for systematically evaluating the use of industrial trucks in larger fleets and visualising it in key figures. This provides the user with a data basis for drawing conclusions as to whether the availability and use of his trucks can be responsible for an influence on his operational effectiveness. In production companies, this is often referred to as overall equipment effectiveness (OEE). Since companies with significantly large fleets of FFZs and a focus on OEE are certainly relevant, but do not affect the overall FFZ market, the market relevance can be rated as good.

Customer benefit: The condensation and visualisation of the usage and availability figures is well solved for a regular application. The customisation options for individual usage profiles of individual FFZs and the design of the dashboard testify to a high level of competence in the development of user-friendly user interfaces. Overall, however, a high level of effort is required for data collection and aggregation, which is the basis for the determination of key figures. Overall, customer benefit can be rated as good.

Novelty / Innovation: Mobile Easykey has been offering the core functionality of the Easykey software for more than 20 years, which means that it is not new or innovative in the strict sense of the word. The software is the result of a consistently pursued evolution, which has led to a well-developed and contemporary software.

Functionality / Type of Implementation: The Easykey software offers the essential functions, properly prepared and user-friendly, to monitor large FFZ fleets and to condense key figures on their use and availability. It is technologically up-to-date, intuitive, and easy to adapt to the needs of different user characteristics and needs well.

Verdict: Mobile Easykey has been offering the core functionality of the Easykey software for more than 20 years, so it is not new or innovative in the strictest sense. However, the software is up to date and can be well adapted to the needs of different user characteristics and needs.

Market relevance +
Customer benefit +
Novelty / Innovation –
Functionality / Type of implementation +
[KEY: ++ very good / + good / Ø balanced / – less / — not available]

 

IFOY Test Report: FFZ-KPI by Mobile Easykey

Posted on by David Priestman

In the run-up to the IFOY Award ceremony in Dortmund on June 22nd, Logistics Business features all the 2023 finalists and shares the verdict from the IFOY test conducted during the evaluation by an expert jury in March. Our latest entry is the FFZ-KPI software solution from Mobile Easykey.

With the Industrial Truck Key Performance Indicator developed by Mobile Easykey, users can see the performance of their intralogistics industrial truck fleet at a glance. This makes the time-consuming analysis of Excel tables and individual parameters a thing of the past. The Industrial Truck Key Performance Indicator is based on the OEE as an industry indicator for production plants. With the hardware and software developed, Mobile Easykey has expanded this industry indicator for moving machines and created a novelty in intralogistics analysis with the KPI.

IFOY category: Intralogistics Software

IFOY Test Report

The Industrial Truck, in German Flurförderzeug (FFZ), Key Performance Indicator, or FFZ-KPI for short, from the company Mobile Easykey enables the fleet efficiency of the intralogistics fleet to be determined at a glance. The prerequisites for this are a clear key figure and the easy-to-read visual traffic light system.

The FFZ-KPI is made up of four measurement parameters that are calculated together in an algorithm. The following are taken into account: the industrial truck is powered up, the industrial truck is logged on, the industrial truck is in use and the industrial truck is being driven with a load.

Fifty percent of logistics costs are based on the processes in a warehouse, and thus the industrial truck fleet also contributes a large share of the costs incurred there. The FFZ-KPI provides a manufacturer-neutral view of the performance of the fleet. It is manufacturer-independent, comparable and can be calculated on variable requirement parameters. When collecting the analysis data, the industry and the cycles of the processes on site are taken into account – because the process flows of a warehouse created on the drawing board vary greatly from warehouses that have grown organically. Reliable data can be collected per shift, per month, per fleet and also per vehicle or vehicle type.

From the collected data, clear conclusions can be drawn for fleet optimisation and future fleet deployment. Fleet managers and those responsible for the fleet can thus see the overall performance of the fleet at a glance. This is an important building block for making optimum use of the existing intralogistics fleet.

The FFZ KPI is based on the cross-industry OEE figure. This reflects the overall equipment effectiveness as a key business figure. The OEE figure is based on immobile plant and machinery. The FFZ-KPI adds further calculation parameters to the OEE key figure, which makes the key figure calculable for mobile plants.

IFOY test verdict: Intralogistics account for half of logistics costs and almost no warehouse can do without industrial trucks. However, the costs within intralogistics outside of the supply chain are often neglected because meaningful and clearly assignable data are missing. Consequently, there is great potential for savings in modern and efficient fleet management. The main advantages of the Industrial Truck Key Performance Indicator are the manufacturer-independent data and the possibility of cross-manufacturer data analysis. In addition, the KPI is easy to read due to the visual traffic light system. This makes the time-consuming analysis of Excel tables and individual parameters a thing of the past. The FFZ KPI is based on the OEE as an industry indicator for production plants. With the hardware and software developed, Mobile Easykey has expanded this industry indicator for mobile machines and created a novelty in intralogistics analysis with the KPI. Another important component is the cross-industry use of the KPI.

IFOY Innovation Check

Market relevance: The FFZ-KPI software is well suited for systematically evaluating the use of industrial trucks in larger fleets and visualising it in key figures. This provides the user with a data basis for drawing conclusions as to whether the availability and use of his trucks can be responsible for an influence on his operational effectiveness. In production companies, this is often referred to as overall equipment effectiveness (OEE). Since companies with significantly large fleets of FFZs and a focus on OEE are certainly relevant, but do not affect the overall FFZ market, the market relevance can be rated as good.

Customer benefit: The condensation and visualisation of the usage and availability figures is well solved for a regular application. The customisation options for individual usage profiles of individual FFZs and the design of the dashboard testify to a high level of competence in the development of user-friendly user interfaces. Overall, however, a high level of effort is required for data collection and aggregation, which is the basis for the determination of key figures. Overall, customer benefit can be rated as good.

Novelty / Innovation: Mobile Easykey has been offering the core functionality of the Easykey software for more than 20 years, which means that it is not new or innovative in the strict sense of the word. The software is the result of a consistently pursued evolution, which has led to a well-developed and contemporary software.

Functionality / Type of Implementation: The Easykey software offers the essential functions, properly prepared and user-friendly, to monitor large FFZ fleets and to condense key figures on their use and availability. It is technologically up-to-date, intuitive, and easy to adapt to the needs of different user characteristics and needs well.

Verdict: Mobile Easykey has been offering the core functionality of the Easykey software for more than 20 years, so it is not new or innovative in the strictest sense. However, the software is up to date and can be well adapted to the needs of different user characteristics and needs.

Market relevance +
Customer benefit +
Novelty / Innovation –
Functionality / Type of implementation +
[KEY: ++ very good / + good / Ø balanced / – less / — not available]

 

5 Ways to more Sustainable Logistics

Posted on by David Priestman

Modern, sustainable logistics services involve many stakeholders. When the right amount of goods doesn’t arrive at the right time, it creates irritation, reflects on customer service, and incurs cost. That cost is not just to the value chain, it’s to our wider environment. When more goods are shipped more often than they need, they use up more valuable resources.

In the supply chain, the only way you can really know what happened is to see what happened. Intelligent Video and AI Services give companies true insight and the ability to lead fact-based improvement initiatives which improve each company’s efforts to become more sustainable.

Innovating where it matters

Intelligent video and AI Services give you the benefits of fact-based visual insights combined with real-time assistance to enable flawless logistics. “We collaborate with cutting-edge technology players in the fields of video, Cloud computing, Edge computing and AI to enable logistics providers to make significant gains throughout their operations,” says Stefan Borg (pictured), CEO at SiB Solutions. “We identified the processes that benefit from flawless logistics and the savings to be made, namely picking, receiving, transport, loading and packing. We see that companies are investing more and more in logistics technologies to become leaner, and especially more sustainable.”

Five steps towards a sustainable supply chain through flawless logistics

Stefan outlines five ways flawless logistics can make a real difference to a company’s sustainability efforts.

1: Leave nothing behind and avoid unnecessary shipments

“Most picking assignments revolve around putting items out of conveyors and into boxes. But it’s easy for items to be left behind,” says Stefan. “By using intelligent video and AI in critical processes it’s possible to verify if the conveyor is empty or not and give operators a window of time to correct a fault.”

2: Check for faults in Human Machine Interaction to improve working conditions
“Hiccups in the way a machine is set up can cause humans to make errors. For instance operators may get delayed information due to seconds of lag. Similarly, there may be something missing or unclear in the interface design. If you visually search for behaviour patterns, you can find them. And come down on the side of humans!”

3: Strive for better fill rates and avoid shipping air
“A simple visual test to measure to what extent a box is filled – and then fill it, makes sure you’re not using fuel to ship air,” says Stefan. “Intelligent Video and AI Services verifies output and gives an opportunity to correct master data used earlier in the process, enabling continuous improvement to optimize fill rates.”

4: Use visual evidence to improve circular goods flows
“One way to achieve circular goods flows is through reusable pallets, but where are they exactly?” Asks Stefan. “RFID scanning lets you know that the pallets have passed a certain checkpoint, but adding visual evidence lets you know exactly where they are, or were, pre-or post scanning, safeguarding the movement of valuable assets – the pallets, or even the goods themselves.

5: Use intelligent video and AI services to cut down resource use
“Energy is scarce, and becoming more so as more people chase fewer resources. Using flawless logistics throughout the supply chain, from guiding operators to put the right goods on the right pallets, to shipping the right goods to cut down on returns, to ensuring goods don’t go missing in transit; all means less use of scarce resources,” comments Stefan.

Flawless logistics isn’t just good for your brand and your bottom line. It’s good for people, and especially good for the planet. Stefan Borg is co-founder and CEO of SiB Solutions, possessing over 30 years’ experience in logistics and energy at management level.

5 Ways to more Sustainable Logistics

Posted on by David Priestman

Modern, sustainable logistics services involve many stakeholders. When the right amount of goods doesn’t arrive at the right time, it creates irritation, reflects on customer service, and incurs cost. That cost is not just to the value chain, it’s to our wider environment. When more goods are shipped more often than they need, they use up more valuable resources.

In the supply chain, the only way you can really know what happened is to see what happened. Intelligent Video and AI Services give companies true insight and the ability to lead fact-based improvement initiatives which improve each company’s efforts to become more sustainable.

Innovating where it matters

Intelligent video and AI Services give you the benefits of fact-based visual insights combined with real-time assistance to enable flawless logistics. “We collaborate with cutting-edge technology players in the fields of video, Cloud computing, Edge computing and AI to enable logistics providers to make significant gains throughout their operations,” says Stefan Borg (pictured), CEO at SiB Solutions. “We identified the processes that benefit from flawless logistics and the savings to be made, namely picking, receiving, transport, loading and packing. We see that companies are investing more and more in logistics technologies to become leaner, and especially more sustainable.”

Five steps towards a sustainable supply chain through flawless logistics

Stefan outlines five ways flawless logistics can make a real difference to a company’s sustainability efforts.

1: Leave nothing behind and avoid unnecessary shipments

“Most picking assignments revolve around putting items out of conveyors and into boxes. But it’s easy for items to be left behind,” says Stefan. “By using intelligent video and AI in critical processes it’s possible to verify if the conveyor is empty or not and give operators a window of time to correct a fault.”

2: Check for faults in Human Machine Interaction to improve working conditions
“Hiccups in the way a machine is set up can cause humans to make errors. For instance operators may get delayed information due to seconds of lag. Similarly, there may be something missing or unclear in the interface design. If you visually search for behaviour patterns, you can find them. And come down on the side of humans!”

3: Strive for better fill rates and avoid shipping air
“A simple visual test to measure to what extent a box is filled – and then fill it, makes sure you’re not using fuel to ship air,” says Stefan. “Intelligent Video and AI Services verifies output and gives an opportunity to correct master data used earlier in the process, enabling continuous improvement to optimize fill rates.”

4: Use visual evidence to improve circular goods flows
“One way to achieve circular goods flows is through reusable pallets, but where are they exactly?” Asks Stefan. “RFID scanning lets you know that the pallets have passed a certain checkpoint, but adding visual evidence lets you know exactly where they are, or were, pre-or post scanning, safeguarding the movement of valuable assets – the pallets, or even the goods themselves.

5: Use intelligent video and AI services to cut down resource use
“Energy is scarce, and becoming more so as more people chase fewer resources. Using flawless logistics throughout the supply chain, from guiding operators to put the right goods on the right pallets, to shipping the right goods to cut down on returns, to ensuring goods don’t go missing in transit; all means less use of scarce resources,” comments Stefan.

Flawless logistics isn’t just good for your brand and your bottom line. It’s good for people, and especially good for the planet. Stefan Borg is co-founder and CEO of SiB Solutions, possessing over 30 years’ experience in logistics and energy at management level.

Charter for Decarbonization of Ocean Supply Chain

Posted on by Keith McKinley

Nautilus Labs, a technology partner pioneering the decarbonization of the ocean supply chain, today announced the launch of its new offering, Green Charter™. Green Charter™ uses machine learning-based data streams to implement new legal frameworks within charter party agreements and establishes Nautilus as a trusted, independent, shared source of truth between ship owners and charterers to improve transparency and collaboration. As the foundation of commercial relationships, it will revolutionize incentive structures between counterparties and put the industry on the path to profitable decarbonization.

Legacy charter party agreements are outdated, rigid commercial structures that have remained unchanged over generations, despite quantum leaps in technology. These terms foster misaligned incentives, hinder collaboration, impede efficiency, and create a zero-sum relationship – with financial penalties such as performance claims as the foundation of commercial relationships. Regulations like the Carbon Intensity Indicator (CII) and the EU Emissions Trading System (EU ETS) have only made it more urgent for the shipping industry to address these inefficiencies across the market.

Nautilus’s Green Charter™ transforms legacy charter party agreements by introducing a greener legal framework and unlocking commercial efficiency. As an industry leader in high-frequency data modelling, Nautilus Labs builds machine learning-based virtual replicas of physical ships, known as Digital Twins, to simulate vessel performance and operational outcomes with a high degree of accuracy. Leveraging these Digital Twins as a single source of truth, Green Charter™ generates dynamic optimization recommendations, performance reports, and alerts that are shared to drive collaborative outcomes. The technology will be used to implement new commercial clauses that ensure every action achieves peak efficiency across fleets for increased profitability and reduced emissions for both sides of the charter party – unlocking more dynamic speeds, better vessel performance, and ultimately just-in-time arrival.

Ocean supply chain

“It is time to rethink the frameworks that underpin the owner-charterer dynamic,” says Matt Heider (pictured), CEO, of Nautilus Labs. “Green Charter is set to transform the relationship between owners and charterers by establishing a foundation of trust based on data. Traditionally, Charter Party agreements have been adversarial, lacking positive incentives for maximizing joint outcomes. With sensor data as an unbiased source of truth, Green Charter™ facilitates effective collaboration and alignment among industry leaders, leading to improved performance and accelerated progress towards Net Zero.”

Nautilus Labs is currently working with a number of global maritime companies to reduce their carbon emissions and improve commercial efficiency. The firm lists clients such as TotalEnergies, Eastern Pacific Shipping, BHP, XT Shipping, Gunvor Group, Emirates Shipping Line, Peter Döhle, Log-In Logistica, Diamond Gas International, ICL, Ionic Shipping, and SMT Shipping among others.

Charter for Decarbonization of Ocean Supply Chain

Posted on by David Priestman

Nautilus Labs, a technology partner pioneering the decarbonization of the ocean supply chain, today announced the launch of its new offering, Green Charter™. Green Charter™ uses machine learning-based data streams to implement new legal frameworks within charter party agreements and establishes Nautilus as a trusted, independent, shared source of truth between ship owners and charterers to improve transparency and collaboration. As the foundation of commercial relationships, it will revolutionize incentive structures between counterparties and put the industry on the path to profitable decarbonization.

Legacy charter party agreements are outdated, rigid commercial structures that have remained unchanged over generations, despite quantum leaps in technology. These terms foster misaligned incentives, hinder collaboration, impede efficiency, and create a zero-sum relationship – with financial penalties such as performance claims as the foundation of commercial relationships. Regulations like the Carbon Intensity Indicator (CII) and the EU Emissions Trading System (EU ETS) have only made it more urgent for the shipping industry to address these inefficiencies across the market.

Nautilus’s Green Charter™ transforms legacy charter party agreements by introducing a greener legal framework and unlocking commercial efficiency. As an industry leader in high-frequency data modelling, Nautilus Labs builds machine learning-based virtual replicas of physical ships, known as Digital Twins, to simulate vessel performance and operational outcomes with a high degree of accuracy. Leveraging these Digital Twins as a single source of truth, Green Charter™ generates dynamic optimization recommendations, performance reports, and alerts that are shared to drive collaborative outcomes. The technology will be used to implement new commercial clauses that ensure every action achieves peak efficiency across fleets for increased profitability and reduced emissions for both sides of the charter party – unlocking more dynamic speeds, better vessel performance, and ultimately just-in-time arrival.

Ocean supply chain

“It is time to rethink the frameworks that underpin the owner-charterer dynamic,” says Matt Heider (pictured), CEO, of Nautilus Labs. “Green Charter is set to transform the relationship between owners and charterers by establishing a foundation of trust based on data. Traditionally, Charter Party agreements have been adversarial, lacking positive incentives for maximizing joint outcomes. With sensor data as an unbiased source of truth, Green Charter™ facilitates effective collaboration and alignment among industry leaders, leading to improved performance and accelerated progress towards Net Zero.”

Nautilus Labs is currently working with a number of global maritime companies to reduce their carbon emissions and improve commercial efficiency. The firm lists clients such as TotalEnergies, Eastern Pacific Shipping, BHP, XT Shipping, Gunvor Group, Emirates Shipping Line, Peter Döhle, Log-In Logistica, Diamond Gas International, ICL, Ionic Shipping, and SMT Shipping among others.

Open Access Freight Emissions Calculator

Posted on by David Priestman

Pledge’s Chief Executive Officer (CEO), David de Picciotto, has today announced that the climate-tech company, specialising in technology for freight forwarders, is launching an open-access freight emissions calculator.

Pledge provides freight forwarders with the tools they need to enable their customers to understand, report, and remove their freight emissions. The platform is built with accessibility, transparency, and simplicity at its core.

A prime component of the calculator is Pledge’s Clarity™ feature, which promotes transparency by creating a clear and detailed breakdown of how emissions are calculated at each leg of the shipment journey based on the Global Logistics Emissions Council (GLEC) methodology.

“With rising consumer concerns about corporate greenwashing and the EU’s proposed Green Claims Directive, businesses are demanding better emissions transparency and visibility in their supply chains,” said David de Picciotto, Co-Founder and CEO, Pledge. “We built our freight emissions calculator to show freight forwarders how our platform can deliver value for their supply chain customers in minutes.”

Pledge is accredited by the Smart Freight Centre (SFC) as compliant with the GLEC Framework for global coverage of air, sea, road, rail, inland waterways, and logistics hubs. Its solution is also ISO:14083 aligned, meaning forwarders can have confidence in Pledge’s ability to comply with upcoming regulations that will impact their customers.

“The UK and the EU are starting to mandate the reporting of supply chain emissions, meaning there will be pressure on shippers to calculate and report their emissions in the near future,” said de Picciotto. “Our freight emissions calculator shows freight forwarders how Pledge can help them get ahead of the curve by offering accredited emissions reporting to shippers and other supply chain partners who will be required to meet these regulations.”

The calculator is simple for freight forwarders to get started with and only requires freight origin, destination, and shipment weight to begin calculations. Inputting additional data points such as vessel numbers, carrier codes, and flight numbers will improve routing and subsequent emissions calculation accuracy.

The freight emissions calculator is openly available to use on Pledge’s website here.

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