To support the maritime sector's decarbonisation drive, the Baltic Exchange has calculated a set of indicative CO2 emission reference points for the Baltic dry and tanker routes based on our standard ship descriptions.

Over time, it is hoped that these benchmarks will provide the shipping industry with a valuable point of reference as the market seeks to factor in carbon emissions alongside charter rates.

By understanding the variability in operating efficiencies across routes and size classes, owners and charterers will be able to take practical steps to minimise their carbon footprints.