Korean Register (KR) is set to provide development and verification services for ‘Ship Energy Efficiency Management Plan (SEEMP) Part-III’ through KR-GEARs, the classification society’s in-house developed greenhouse gas (GHG) management solution, to help shipping companies implement new GHG regulations by the 2023 deadline.

SEEMP Part-III is the latest part of the new Carbon Intensity Indicator (CII) regulation and is set to be implemented on 1 January 2023. At this point any shipping company operating an international sailing vessel of 5,000 GT and above is required to develop SEEMP Part-III and obtain the Confirmation of Compliance (CoC) from the flag administration or Recognized Organizations (RO).

CII calculates a vessel’s carbon intensity based on its annual fuel consumption and operating distance, and provides a rating from ‘A’ to ‘E’ compared to the CII rating required for the ship in the relevant period. If the ship’s CII rating is ‘D’ for three consecutive years or ‘E’ for a single year, a corrective action plan to achieve the required CII rating must be established and included in SEEMP Part-III.

SEEMP Part-III must include a vessel’s CII information for the past three years, CII calculation methods, implementation plans for achieving the required CII rating for the next three years, self-evaluation and improvement measures, all of which can be easily developed and verified through KR-GEARs.

To maximize convenience for customers, KR-GEARs offers a function that calculates the verified IMO DCS data into CII and automatically updates the SEEMP Part-III document. KR is distributing a sample format and technical information of SEEMP Part-III through the KR-GEARs website.

KR is looking to further upgrade KR-GEARs this year to offer more integrated services. The major upgrades planned include a predictive simulation function for improving ship energy efficiency in various scenarios; reflecting the simulation result into the SEEMP-Part III; verification services for UK Monitoring, Reporting and Verification (UK-MRV); and a database for carbon credit price information and cost management solution for EU Emissions Trading System (EU ETS).

The SEEMP Part-III service is available to all KR customers on the KR-GEARs website.