Assumptions

• For general instructions on how to use each calculator, please see the landing page before launching the calculator in Power BI. This section provides further information on the assumptions made and inputs used to produce the route baselines and calculations.

• The published Baltic Exchange index routes, and the standard ship descriptions and consumptions, for each vessel category as defined in the Guide to Market Benchmarks are used to calculate the baselines. ECO speeds and consumptions are used unless stated otherwise. 
• The representative port parings for the associated index route, are used in the calculations on a round voyage basis for tankers and one way voyage for dry bulk where the ballast port is different from the discharge port location.. These are displayed in many of the calculators in the table below available input fields. The routes can also be seen in the following route visualiser. 
• The EU ETS calculator provides the option to include the ballast or positioning leg from an EU or non-EU location. This has no impact on applied route mileages.
• The gas calculators provide the options to toggle between LNG and LPG. In the wider context of Baltic Standard Vessels the new LNG174 standard, which replaces the LNC160 standard, assumes that only LNG will be consumed for navigation. The LNG toggle “yes/no” is included to provide a comparison with the LNGC160. If “no”, all consumptions are assumed to be MFO.  If LPG is selected then all consumptions are assumed to be MFO and the LNG toggle selection has no bearing on the result. 

• The IMO AER calculations are used to assessing the resulting CII rating in bands A-E. The CII rating boundaries are adjusted downward each year. Each year after 2023 the target for each CII boundary is adjusted downward by 2% thereby changing the rating a ship will receive over time if no action is taken.
• The CII baseline is calculated using the representative ballast and load port locations for each of the Baltic Exchange index routes. The standard ship particulars, like speed and consumptions for each vessel category are taken from the “Guide to Market Benchmarks”.
• The IMO CII rating is determined annually for each vessel by dividing the total fuel consumed by the distance sailed multiplied by the ship DWT. DWT is taken as proxy for uplift in the calculation of the CII rating. Ship owners reporting their verified emissions and distances sailed annual via their classification society into the IMO DCS database. 
• Ships which are rated “D” or “E” for the previous year require corrective action plans to remain compliant with IMO regulation. 

This calculation provides the rating outcome for the Baltic standard ship and your nominated vessel as if the vessel were traded continuously on those routes for the entire year. This CII rating per route provides a useful comparison between alternative routes as well as an indication of the contribution that the intended voyage would make towards the year end CII ranking. 

This section provides an overview of Baltic standard ship CII ratings per route, ship type and speed. The user is able to make selections in the drop-down menus to display ship types of interest and to toggle between eco and full speed. All things being equal trading a vessel on the better rated routes indicated by “A” would contribute towards improving the overall rating at year end. The opposite is the case for routes rated “E”.

EU ETS calculations are provided for all Baltic routes which trigger an ETS obligation. These include any Baltic route which starts or ends in an EU port. This applies to laden and ballast voyages even if the vessel is repositioning to collect a cargo and departs from an EU/ EAA port. There is drop down selector to nominate whether the vessel started its voyage at an EU/EEA port. Selecting an EU port will increase the EU ETS compliance obligation given that 50% of the outbound voyage to load port needs to be included, or 100% if ballasting to another EU/EEA port.

Given the price of EUA’s fluctuate daily and change over time, the calculator allows the price of the European Union Allowance (EUA) to be input into the calculation in USD. This can be used to understand the influence of the EUA price on voyage costs and to test various price scenarios.

Given the EUA submissions required will increase every year from 2024 to 2026 as part of the phase in period, the calculator includes a toggle to select the compliance year