BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Panama Canal's contribution to saving fuel highlighted at MEPC 70

27 Oct 2016 12:05 GMT

MEPC presentation highlights the efforts of the Panama Canal's Green Route Strategy.

The Panama Canal's contributions to the reduction of fuel consumption and emissions have been highlighted during this week's International Maritime Organization's (IMO) 70th Marine Environment Protection Committee session (MEPC 70).

During its participation at MEPC 70, Panama presented a document entitled 'Contributions of the Panama Canal to Reducing Emissions from International Shipping (MEPC 70/7/1),' which highlights the efforts of the Panama Canal's Green Route Strategy and how it contributes to initiatives and technical measures to help reduce fuel consumption and carbon dioxide (CO2) and greenhouse gas (GHG) emissions.

One such initiative has been the Canal's development of software that calculates a vessel's estimated CO2 emissions released during the transit of a particular route. This tool - which factors in ship type, cargo volume, mode of transport, and voyage origin and destination - allows shippers to consider and select the most fuel-efficient and environmentally sustainable route.

Since opening in 1914, the Panama Canal's strategic geographic location has enabled vessels to shorten the distance and duration of their voyages compared to alternate routes, thus reducing bunker costs and emissions. In total, the waterway is estimated to have saved more than 650 million tons of CO2 emissions over the course of its 102-year history.

The new Expanded Canal will lessen shippers' environmental impact even further. In addition to providing the same shorter route, the Expanded Canal's wider, longer and deeper lane allows vessels to transit with greater cargo carrying capacity, requiring less cargo movements, thereby further reducing fuel costs and CO2 emissions. It is estimated the expansion will save an additional estimated 160 million tons of emissions in its first 10 years of operation.

At a side event during Wednesday's session, the Panama Canal honoured the IMO with its Green Connection Award, another of the newly established initiatives under the Green Route Strategy. Launched in July 2016, the award is given in recognition of customers and vessels that exceed the environmental standards set by the IMO, and was presented to the IMO during MEPC 70 for the organization's leading example and strong commitment to reducing emissions and preserving the environment.

"By delivering against Green Connection Recognition Program, the Panama Canal aims to not only to do our part to contribute to the reduction of emissions globally, but to also promote customers' application of energy-efficient ship design," said Panama Canal Environmental Specialist Alexis Rodriguez.

"The Panama Canal would like to thank the IMO for its commitments in the reduction of emissions from the shipping industry and for the protection and conservation of the environment."

Related Links:

Presentation of 2020 fuel availability study at MEPC 70
Secretary-General's speech at MEPC 70
Low Carbon Pathways 2050 study released
Bunker issues top the agenda at MEPC 70
BIMCO voices 'serious concerns' over IMO sulphur cap study

Latest News:

ECSA welcomes agreement on CO2 emissions trading system
Tallink achieves Q3 growth despite rise in bunker costs
Oil and fuel oil hedging market update
Jan Brent rose $0.47 to close at $62.57
Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events