As at mid-2017, 52 of RightShip’s chartering customers, who between them transport 2.4 billion tonnes of cargo per annum, factor energy efficiency into the vessel selection process. This represents around 31,500 vessel movements a year or 20% of global trade.
Companies who have adopted policies to remove inefficient vessels from their supply chain are enjoying the economic and sustainability benefits flowing through to the business.
RightShip’s GHG Emissions Rating provides a transparent method to assess relative efficiency of vessels. The main benefits to Charterers include:
- Comparison of the relative efficiency of vessels allowing an informed vessel selection process
- Removing, or reducing, the split incentive in market of cargo owner not directly paying for fuel bill
- Reduced fuel bills, and
- Reduced CO2 output.
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, South32, Targa Resources, The Mosaic Company, Total Gas & Power Chartering Ltd, Unipec UK and Z Energy.
"By using more-efficient ships, we are gaining cost efficiencies and furthering our efforts to reduce Mosaic’s carbon footprint. Given the success of GHG Emissions Rating vetting, we are reviewing options to also exclude F-rated vessels. Emissions from shipping currently represent less than 5 percent of Mosaic’s carbon footprint."
Neil Beckingham, Director of Sustainability at The Mosaic Company