Wed 3 Oct 2012, 12:03 GMT

Commitment to charter efficient vessels


Companies pledge that they will only charter the more energy-efficient vessels operating in the shipping market.



Cargill, one of the world's leading international transporters, producers and marketers of food, agricultural, financial and industrial products, Huntsman Corporation, the global manufacturer and marketer of differentiated chemicals and UNIPEC UK Company Ltd, trader of crude oil and oil products, have announced that they will only charter the more efficient vessels operating in the shipping market.

The Existing Vessel Design Index (EVDI), created by ship vetting specialist RightShip and published on ShippingEfficiency.org - an initiative launched by the Carbon War Room and RightShip to increase information flows around international shipping's energy efficiency, as an GHG Emissions Rating (A-G rating) benchmarking system.

The efficiency ratings system - containing efficiency information on over 60,000 vessels including container ships, tankers, bulk carriers, cargo ships - enables charterers to instantly see a ship’s theoretical greenhouse gas emissions and relative energy efficiency as determined by RightShip’s EVDI rated from A (most efficient) to G (least efficient), compared to ships of similar size and type.

"Cargill has introduced a senior management override on the use of the least energy efficiency vessels. By choosing the more efficient vessel available to us, we are making a strong statement to the market,” commented Jonathan Stoneley, Environment and Compliance Manager, Cargill Ocean Transportation. "We hope this action will demonstrate to ship owners that they can and should do more in terms of efficiency, and that the market will reward them and will also show other charterers the decision support tools available if they want to operate more efficiently. We will work together with customers, as best appropriate, to help them meet their environmental objectives linked to transportation and this rating system."

Stoneley continued: "Cargill is committed to minimizing our environmental impact throughout our global operations. We do this by developing management systems and policies to ensure best practice environmental compliance and continually improving performance on criteria relevant to our business and operations. We partner with governments, non-governmental organisations, communities, employees and customers to leverage market-based solutions to reduce the environmental footprints of the supply chains in which we participate."

Peter Boyd, COO of Carbon War Room commented: "This deal represents the first major capital shift on behalf of the charterers towards making greater efficiency a factor in their vessel chartering decisions. Cargill, Huntsman Corporation and UNIPEC UK should be congratulated for being the first to make this commitment. We’d encourage other charterers within the market, to look towards the simple and understandable ways to quantify, measure and track efficiency represented by the efficiency rating system and the A-G benchmark. Those that lead the curve on presenting more eco-efficient vessels will benefit from the choices charterers are making and the charterers themselves will see lowered operating costs through fuel efficiency - a win-win-win decision for the owner, the charterer and the environment."

Warwick Norman, Chief Executive Officer, RightShip, added: “Cargill, Huntsman Corporation and UNIPEC UK have strong commitments to maximise efficiency on environmental grounds, and we are proud to provide them with the decision support tool they need to implement their environmental leadership position. With the common decision making framework first movers will have significant market advantage over competitors who are using traditional methods to evaluate efficiency.

"Without this level of information it’s very difficult for charterers to make informed decisions on vessels based on their efficiency - for example, newer ships aren’t always more efficient than older ships. We’ve developed the Existing Vessel Design Index, or EVDI, to estimate the amount of COS22; emitted per tonne by any nominated ship, per nautical mile travelled, based on complex analysis of a range of reliable data. With our partners at www.shippingefficiency.org, we’ve used that data to also create the A-G GHG Emissions Rating that makes it easy to compare energy efficiency. The online rating system directly compares the efficiency of a vessel against vessels of comparable size and within the same ship type. This practical, usable information can enable our customers to make fuel savings and meet energy efficiency targets, and their preference for more efficient ships also rewards owners who have invested in operating a sustainable fleet."


Maritime and Port Authority of Singapore logo. Singapore opens applications for additional LNG bunkering licences  

Maritime and Port Authority sets 27 March deadline for operators seeking new supply permits.

A cargo port in Singapore. Singapore reports record marine fuel sales and container throughput in 2025  

Port of Singapore handled 56.77 million tonnes of marine fuel, up 3.4% year-on-year.

Grande Manila naming ceremony. Grimaldi takes delivery of seventh ammonia-ready car carrier Grande Manila  

The 9,241-ceu vessel was delivered in Shanghai and begins Asia–Europe service this week.

Barcelona Maersk naming ceremony. Maersk takes delivery of final 17,480-teu dual-fuel containership  

Barcelona Maersk completes six-vessel class built with HD Hyundai Heavy Industries in South Korea.

Container terminal with stacked containers. Ports face 2030 deadline for shore power as only 20% of EU connections installed  

TT Club warns European ports lag behind on onshore power supply infrastructure ahead of mandatory 2030 regulations.

Viking Cinderella vessel. Viking Line reports cargo record and tenfold biogas increase in 2025  

Baltic Sea ferry operator transported 139,484 cargo units while reducing greenhouse gas emissions by 60,000 tonnes.

Hartman Seatrade vessel render. Hartman Seatrade orders Wärtsilä 31 engine for new heavy lift vessel  

Dutch operator selects fuel-efficient engine and propulsion package for 3,800-dwt newbuild at Rock Shipbuilding.

Sustainable sign. Superalfuel workshop to examine safety and sustainability of alternative marine fuels  

Event in Montenegro will focus on hydrogen, ammonia, and methanol deployment in port areas.

Uniper and AM Green agreement signing. Uniper signs deal for up to 500 kt/yr of renewable ammonia from AM Green  

Agreement marks first long-term RFNBO-certified renewable ammonia offtake deal for an Indian company.

Panama Canal Authority and Monjasa partnership signing. Panama Canal Authority and Monjasa sign five-year cooperation agreement  

Partnership to fund community projects in Panama Canal Watershed focused on environment and education.