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."


Pennsylvania skyline. Sunoco seeks bunker trader in US to drive marine fuels growth  

New hire will be tasked with expanding Sunoco's bunker business in front-line commercial trading role.

Brooklyn Bridge and New York City skyline. Minerva Bunkering recruiting Americas sales manager as it targets regional growth  

New York-based manager is sought to build customer base across North and South America.

Marine battery container. AYK Energy to unveil swappable containerised marine battery system at SMM Hamburg  

The system claims to remove key cost and engineering barriers to marine electrification.

Birjo II vessel. Dutch inland barge Birjo II runs on B100 biodiesel after fossil-fuel conversion  

Sunoil and BFT Tanker Logistics report positive early results from switch to pure biodiesel.

Maran Myrsini vessel. Maran Tankers takes delivery of fourth dual-fuel Suezmax tanker in series  

Maran Myrsini, built by New Times Shipbuilding, joins Maran Tankers' growing dual-fuel fleet.

Marine Tina ship-to-ship (STS) bunkering operation Vitol and Olam Agri claim world’s first co-processed CNSL VLSFO bio-bunkering operation in Singapore  

Cashew nutshell liquid co-processed with VLSFO used on a voyage spanning China, Europe and Brazil.

Forvikbuen vessel. Damen Folla hands over hybrid-electric aquaculture vessel, concluding multi-year deal  

Shipbuilder completes seven-vessel framework agreement with final workboat delivery to Mowi Norway

Verde Marine Energy and Sunoco LP logos. Sunoco and Verde Marine Energy announce commercial collaboration in ARA and UK bunker markets  

Partnership aims to combine Sunoco's Americas reach with Verde's Northern European supply platform.

CMA CGM Berenice vessel. CMA CGM methanol dual-fuel vessel makes first call at Malta Freeport  

Berenice is fifth in a six-ship series of methanol dual-fuel vessels being introduced by the French shipping group.

Everllence 16V175D engine render. Everllence's 175D engine wins offshore tug order from Türkiye  

Sixteen gensets are bound for four Rampage 6000-DE terminal tugs destined for Guyana.