To date, the 35 charterers that use the Rightship Greenhouse Gas Emissions Rating to factor the most efficient ships in their supply chain selection have collectively undertaken over 26,000 vessel movements, shipping more than two billion dead weight tonnes actually.
These industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency.
Charterers are able to use their influential industry position to drive active climate change mitigation by rewarding those ship owners that prioritise efficiency. Developed in 2010 in response to customer demand, the RightShip GHG Emissions Rating tool uses an A to G rating system (A representing the most efficient, and G the least) to facilitate companies in identifying the most efficient ships, and thereby avoiding chartering inefficient ones.
Not only does this scheme help charterers to calculate and benchmark the ships’ carbon footprint, it also supports corporate social responsibility and enables charterers to save money through the lowering of fuel bills. Particularly as there is a continued oversupply of ships in the market, the selection of only the highest efficiency rated ships helps to act as a form of natural selection according to Mr Warwick Norman, CEO of RightShip.
Rashpal Bhatti, Vice President, Marketing Freight, BHP Billiton commented: “Use of the GHG Rating to select the more environmentally sustainable vessels minimises the environmental impacts of our operations, at the same time delivering back to our shareholders through use of the more fuel-efficient, cost-effective, vessels.”
Don Briggs, Vice President Global Supply Chain, Incitec Pivot Limited ( IPL) stated: “Incitec Pivot charters more than 200 vessels annually and by selecting the most efficient vessels we are reducing carbon emissions while rewarding ship owners that invest in more efficient ships. From a business perspective ships that are more efficient will use less fuel so there is a cost benefit as well, which shows how environmental improvements can be linked to improved financial performance.”
Mr Norman added: “Reducing emissions will involve a coordinated approach across all sectors of the maritime sector. We have ports that provide discounted harbour dues, maritime financiers that factor the GHG Emissions Rating into their risk profile and ship owners and managers that invest in technology to improve the efficiency of their vessel.”
To date, the 35 charterers that use the GHG Emissions Rating have collectively undertaken over 26,000 vessel movements and have shipped more than two billion dead weight tonnes actually.
Following the early adoption of the GHG Emissions Rating by Cargill, Huntsman and UNIPEC UK, these further companies have announced their use of the Rating:
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