IFCHOR and ClearBlue Markets launch new carbon emissions services for shipping

Shipbroker IFCHOR and carbon market specialist ClearBlue Markets have partnered to offer carbon emissions advisory services to the shipping industry. IFCHOR ClearBlue Oceans will help clients navigate changing legislation, source high-quality emissions offsets, and structure and execute carbon offset projects and transactions.

Through the partnership, the shipping sector will be able to work with an experienced and trusted advisory team and access high-quality verified offset registries worldwide.

This new service is a response to the growing number of requests for shipowners and operators to offset their direct greenhouse gas (GHG) emissions through voluntary carbon standards. The movement of global trade by sea accounts for around 3% of global anthropogenic GHG emissions.

With tighter regulation and more proactive stakeholder involvement in reducing carbon emissions from shipping, the shipping industry is transitioning towards a low-carbon future. It is IFCHOR ClearBlue Oceans’ goal to help participants stay ahead of changing climate policy.

Trifon Tsentides, Director of Business Development at IFCHOR, said:

“The combined strengths of a shipbroker and renowned carbon market specialist will help shipowners and charterers alike navigate their way through the complexities of carbon offsetting. From creating plans and strategies, to executing and registering trades, we are providing clients with a complete set of actionable tools to reduce their operational carbon footprint. With emissions from shipping looking likely to fall under mandatory carbon pricing regimes in the future, voluntary pledges allow emitters to build their experience of the carbon markets and make a positive difference from today.”

Nicolas Girod, Director of Markets at ClearBlue Markets and with over 10 years of experience in the sector, said:

“Carbon offset markets have matured significantly since their inception over two decades ago. Today, carbon emitters can purchase credits which enable investments in which projects make real impacts, confident in the knowledge that these initiatives are independently verified and traceable and that they will meet their stakeholders’ expectations. We help clients to better understand the carbon market, looking at price drivers and different trading approaches, as well as build carbon pricing compliance strategies, develop offset projects and provide instant updates on significant market developments and changes to carbon prices.

Today, the cost of offsetting emissions is far below the cost of abating emissions in the shipping sector. As such, it offers participants the opportunity to strategically plan long-term direct emissions reductions, while charting a climate-conscious course today."

IFCHOR ClearBlue Oceans is offering bespoke short and long-term solutions for shipping clients.

In the short term, the partnership will focus on neutralizing carbon emissions. Voluntary offsets are a way of facilitating this today—helping participants to act more quickly and become familiar with carbon pricing.

Over the longer term, IFCHOR ClearBlue Oceans will also assist clients to secure funding for and implement more permanent solutions. These include the use of renewable fuels and carbon capture & storage.

IFCHOR ClearBlue Ocean’s objective is that its clients be at the forefront of the global transition towards a low-carbon future. While long-term solutions are on the horizon, present engagement and action are increasingly vital.

The partnership will structure a variety of offset transactions tailored to a shipping company’s or charterer’s specific needs through its global network of offices and strong relationships with offset project owners, carbon offset suppliers, and developers. IFCHOR ClearBlue Oceans sources only high-quality offsets using the most reliable offset standards and registries.

IFCHOR ClearBlue Oceans also advises the shipping sector on the regulatory environment and, more specifically, on preparing for their future compliance under mandatory carbon pricing regimes.

ENDS

About IFCHOR

IFCHOR is a highly competitive, growing, international shipbroking company. It provides extensive shipping market coverage, shipbroking expertise and a fully integrated service to global clients. The group offers dry and wet bulk chartering, sale & purchase, research, marine technology, financial advisory and carbon emissions services.

IFCHOR has earned the trust of its clients by providing a service based on integrity, discretion, business intelligence and professionalism for over 40 years. The company is headquartered in Lausanne, Switzerland with a network of 14 offices in Asia-Pacific, Europe, Middle East and the USA.

About ClearBlue Markets

ClearBlue Markets is an award winning, leading carbon market specialist company, covering all European and North American carbon compliance regimes. ClearBlue Markets offers unparalleled expertise in all aspects of carbon pricing markets ranging from policy through to compliance management, trading & offset development.

Since 2000, ClearBlue Markets’ team has been devoted to providing integrated and cutting-edge solutions to capture and manage carbon value, including risk management, trade strategy optimization, carbon emission reduction origination, and full-suite advisory services.