Martin Crawford-Brunt, CEO of Lookout Maritime, returns to the ship.energy podcast to discuss his work with the Baltic Exchange and ship owners on implementing the Carbon Intensity Indicator and shipping’s entry to the EU’s emission trading scheme.

Martin and Mark Williams discuss ‘the good, the bad and the ugly’ elements of the CII and how it could take two more years of adjustments for it to work properly. They talk about the pitfalls of not being fully briefed about the ETS and the potentially huge impacts on ship owners’ working capital requirements that carbon trading presents. They also discuss the enhanced requirements for transparency from the CII and ETS and what that means for shipping’s operating model.