Thu 27 Aug 2015, 11:42 GMT

RightShip to adjust GHG Emissions Rating formula


Updates are expected to take place 'over the next few weeks'.



Ship vetting specialist RightShip has confirmed that it is making "some minor adjustments" to its Greenhouse Gas (GHG) Emissions Rating as part of its commitment to ensure that the rating "reflects the latest outcomes from the IMO working groups, and also responds to industry feedback".

In a statement, RightShip said: "Following a recent review by DNV GL, we are making some minor adjustments to our formula so it more accurately evaluates existing vessels as well as enabling us to apply it to additional vessel types.

"Whilst these will not have a large impact overall, it may cause a slight adjustment to some vessel ratings."

RightShip stated that the updates would take place "over the next few weeks" and would include:

- changes to assumed fuel type for non-verified vessels.
- aligning ship types for comparison of GHG Emissions Rating with recent updates.
- updating the Phase 1 Reference Line comparison.

RightShip developed the GHG Emissions Rating to address the several thousand vessels currently in service that annually emit carbon dioxide emissions into the atmosphere.

RightShip's Existing Vessel Design Index (EVDI) estimates the theoretical amount of carbon dioxide emitted per tonne nautical mile travelled, based on the design characteristics of the ship at the time of build such as cargo carrying capacity, engine power and fuel consumption. While the International Maritime Organization's (IMO) Energy Efficiency Design Index (EEDI) applies to new ships, the EVDI can be used for the existing fleet.

EVDI values are calculated from ship-sourced data as well as RightShip's Ship Vetting Information System (SVIS), IHS Maritime, classification societies, engine manufacturers and yards.

The GHG Emissions Rating is a measure derived from the EVDI that allows relative comparison of a ship's carbon dioxide emissions to vessels of a similar size and type using a simple A - G rating scale.

Image: RightShip's A - G rating scale for its Existing Vessel Design Index (EVDI).


Castrol Logo. BP to sell 65% stake in Castrol to Stonepeak for $10bn enterprise value  

Deal brings BP's divestment programme to $11bn, with proceeds earmarked for debt reduction.

Clippership 24-metre class autonomous wind-powered vessel. RINA approves design for Clippership's 24-metre autonomous wind-powered cargo vessel  

Classification society to supervise construction of zero-emission ship featuring twin rigid wings for transatlantic operations.

CMA CGM Antigone vessel. Bureau Veritas classes first methanol dual-fuel boxship as CMA CGM takes delivery  

The 15,000-teu CMA CGM Antigone was built by CSSC Jiangnan Shipyard in China.

AiP award ceremony for floating nuclear plant design. Samsung Heavy Industries' floating nuclear plant design wins ABS approval  

Concept features twin KAERI small modular reactors and a compartmentalised layout to support offshore nuclear power generation.

Claire-Celine Bausager Jørgensen, Dan-Bunkering. Dan-Bunkering Europe appoints Claire-Celine Bausager Jørgensen as senior fuel supplier  

Jørgensen returns to bunker trading after several years in the company's HR department.

CMA CGM Tivoli vessel. DHL and CMA CGM partner on 8,990-tonne biofuel purchase for ocean freight decarbonisation  

Logistics and shipping firms to use UCOME biofuel, targeting 25,000-tonne CO2e reduction.

FincoEnergies Logo. Glencore to acquire majority stake in Dutch marine fuel supplier FincoEnergies  

Transaction expected to complete in Q2 2026, subject to EU anti-trust approval.

CMA CGM Eugenie naming ceremony. CMA CGM names 15,000-teu methanol-fuelled containership CMA CGM Eugenie  

Vessel to operate on Phoenician Express service linking Asia, Middle East, and Mediterranean.

Christian Larsen, Island Oil. Island Oil appoints Christian Larsen as senior trader in Denmark expansion  

Marine fuel supplier establishes operations in Denmark as part of expansion strategy.

HIF Global and Government of Uruguay MoU signing. HIF Global signs Uruguay agreement to advance US$5.3bn e-fuels facility in Paysandú  

Memorandum sets roadmap for final investment decision on plant targeting 880,000 tonnes annual production.