We developed read@sea to correct 3 data quality "sins" threatening the shipping industry's otherwise thorough plans to reach net zero by 2050.

1. "Once per day" manual noon reports are the industry's trusted but flawed reporting solution.
2. Inaccuracy and bias afflicts all manually reported data.
3. There is a mis-placed faith that, after the event data processing can somehow re-write bad data as good data.

Climate concerns demand major changes from the maritime industry. The days when shipping companies could tolerate poor data quality with almost no direct financial impact are over. In 2024 the EU extended emissions trading regulations to the shipping industry with a projected cost of $10bn/year¹ by 2026. This creates new, material and auditable EUA reimbursements between charterers and owners which will require a firm foundation of verifiable data (time, place, fuel type, consumption) to calculate GHG emissions.

We offer every shipping company a solution to this major problem.

read@sea - accurate, auditable twice verified data now without installing hardware at a fraction of the cost of alternative options - a solution applicable to owners and short/long term charterers alike.


¹based on 2022 EU MRV data, 127,715,166 metric tonnes of CO₂ emitted @ $83/MT avg. 2022 EU Allowance (EUA) cost = $10.6bn.