The International Maritime Organization’s incoming Carbon Intensity Indicator (CII) could leave the VLCC orderbook looking a little thin, according to valuation platform VesselsValue.

The London company launches a new CII estimating tool for shipowners on Tuesday and has been crunching the numbers on how the decarbonisation measure will affect the fleet.

“Almost all owners are currently weighing the impact of CII on their existing fleets,” Simon Rowse, head of modelling and data science at VesselsValue, told TradeWinds.