RIghtShip Archives - Environment+Energy Leader

Low-Carbon, Efficient Ships Save Millions. So Why Aren’t Owners Reaping the Rewards?

August 30, 2016November 29, 2016 by Jessica Lyons Hardcastle

Researchers from UCL Energy Institute and global NGO Carbon War Room say vessels with high design efficiency leave millions in the pockets of fuel payers. However, the market often fails to reward owners of efficient vessels by way of premiums or preferential hiring.

Major Charterers Exclude Inefficient Vessels from Supply Chain

May 28, 2015May 27, 2015 by Karen Henry

The Mosaic Company, one of the world’s largest producers and marketers of concentrated phosphate and potash crop nutrients, announced a policy to exclude vessels with inefficient greenhouse gas emissions ratings from its supply chain. Charterers representing 20 percent of global shipped tonnage now have policies in place to avoid using ... Read more »

High-Efficiency Ships Have Higher Asset Values, Longer Lifespans

April 24, 2015April 23, 2015 by Jessica Lyons Hardcastle

Leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy-efficiency data in making investment and financing decisions, according to a survey by Carbon War Room. The global NGO says the banks indicated that vessel efficiency rankings — such as the A to G GHG Emissions Rating ... Read more »

Shipping NGOs Call for More Transparency

October 14, 2014October 13, 2014 by Ken Jennison

Transport & Environment, Seas at Risk and the Carbon War Room are urging the International Maritime Organization to be transparent regarding data on ship efficiency and fuel consumption. According to the NGOs, the IMO’s environment committee plans to restrict access to the energy efficiency design index data on newly built ... Read more »

Branson, NGO Aim for More Ports Fighting CO2

September 19, 2014September 19, 2014 by Ken Jennison

The number of sea ports using ship evaluation systems to encourage lower carbon emissions will go from two to 10 in the next year, according to Virgin Group founder Richard Branson, as reported by Bloomberg. Branson is a founder of the Carbon War Room, a nonprofit that rates ship efficiency. ... Read more »

Ports Offer Financial Incentives to Lower Ships’ GHGs

January 30, 2014April 19, 2022 by Jessica Lyons Hardcastle

Canada’s two largest west coast ports are offering financial incentives to the most efficient vessels that enter the ports. Port Metro Vancouver’s Eco-Action program and Prince Rupert Port Authority’s (PRPA’s) Green Wave program will reward ship owners based on the Carbon War Room’s A to G Greenhouse Gas Emissions rating, ... Read more »

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