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.
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 »
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 »
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 »
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 »
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 »