RightShip's Greenhouse Gas (GHG) Emissions Rating is used by charterers, financial institutions, shipowners and ports to assist in vessel selection, and provide rewards to the more environmentally sustainable ships.
One in five vessels, representing over 2 billion dwt, are selected using RightShip's GHG Emissions Rating tool. This is available to customers through RightShip's online risk management platform, and to non-customers (free of charge) through www.shippingefficiency.org
The following charterers have announced they use the GHG Rating as a vessel selection tool:
Baere Maritime, BHP Billiton, BP West Coast Products, Canpotex, Cargill, Dubai Supply Authority, Greenergy, HESS, Hudson Shipping Lines, Huntsman, Incitec Pivot Limited, Ixom, Nidera, Noble Chartering, Olam, Olin - Blue Cube, Par Pacific - HIE, Petroineos, PTTEP, Refidomsa, Rio Tinto, Saudi Aramco Products Trading Company, Scorpio Group, Targa Resources, The Mosaic Company, Total Gas & Power Chartering Ltd, Unipec UK and Z Energy.
Banks that utilise RightShip's GHG Rating for financial and investment considerations include ABN Amro, kfW IPEX Bank and HSH Nordbank.
Shipping companies that publically endorse their use of the GHG Rating include: Bernhard Schulte Shipmanagement, Carisbrooke Shipping, Fednav, Gearbulk Shipping, J. Lauritzen, KLCSM Ship Management, Laurin Maritime, Mastermind Shipmanagement Ltd, Odfjell and The China Navigation Company (Swire).
Two west-coast Canadian ports, Prince Rupert Port Authority and Port Metro Vancouver, use RightShip's GHG Emissions Rating to reward the more environmentally efficient vessels by way of reduced port fees.
Prince Rupert's Green Wave Program rewards all RightShip 'A' rated vessels with the higher (Tier 3) discount of 50% of harbour due rates. In 2014 alone, 45% of calls at PRPA were recognised under the Green Wave Program and rewarded with discounted port dues. Three quarters of these were rewarded through RightShip's environmental ratings.
Port Metro Vancouver's EcoAction program rewards ships with up to 47% off harbour dues. In 2014 alone 520 vessels qualified for discounts under the EcoAction program, which like PRPA's Green Wave Program, uses a range of measures including RightShip's GHG Rating.
For more information visit RightShip's Greenhouse Gas Emissions Rating page