World’s First Ship Owner Awarded Carbon Credits

Greek tanker and bulker owner, Neda Maritime Agency Co Ltd has become the world’s first ship owner to be awarded carbon credits through the landmark methodology developed by AkzoNobel’s Marine Coatings business.

Neda Maritime has received a total of 13,375 carbon credits that may be worth around $60,000.   Each carbon credit accrued represents the avoidance of one tonne of CO₂ being emitted to the atmosphere, meaning that the company has offset a total of 13,735 tonnes of CO₂ from its business.

The carbon credits were accrued by the tanker vessel Argenta, which was converted from a biocidal antifouling system to a premium, biocide-free advanced hull coating from AkzoNobel’s Intersleek range that has proven to reduce fuel consumption and CO₂ emissions by 9% on average.

AkzoNobel’s carbon credits initiative was launched in 2014 in conjunction with The Gold Standard Foundation and Fremco Group and is the first scheme to reward ship owners financially for using sustainable hull coatings to improve operational efficiency and reduce emissions.