Charterer's Energy Initiative Faulted by Intercargo

Press Release
Tuesday, October 16, 2012

Recent decision by three large charterers only to use relatively energy efficient vessels attacked by bulk carrier owner's group Intercargo.

Cargill, Huntsman Corporation and UNIPEC UK, who together charter over 350 million tonnes of commodities annually, said that that they would only charter the more efficient vessels operating in the shipping market, claiming that it was the first such commitment to reduce the existing fleet carbon emissions.

Intercargo responded by calling for further dialogue “to ensure that charterers remain connected with on-going environmental IMO discussions.”
A statement said: “Intercargo believes that failure to appreciate the improved energy efficiency legislation work already in progress will marginalise and render Charterers’ proposals obsolete before implementation.”

Intercargo's secretary general Rob Lomas said: “We appreciate charterers’ attempts to supplement their existing methods of selecting and legally contracting vessels on the basis of fuel efficiency, and this is supportable.”

But he continued, "the systems currently being promoted are inaccurate as they may not use the contractually agreed existing fuel consumption figures, and the commonly known ‘refrigerator rating system’ is overly simplistic and has yet to be cleared by IMO.”

 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Bulk Carrier Trends

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Great Lakes Coal Trade Slows in November

Coal shipments on the Great Lakes totaled 2.6 million tons in November, a decrease of 3 percent from a year ago, as shipments were affected by weather-related delays,

Environmental

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1560 sec (6 req/sec)