Making Coatings Pay Twice Over: Joint Eco-Initiative

Posted by George Backwell
Thursday, May 01, 2014
Image courtesy of AkzoNobel

AkzoNobel’s Marine Coatings business, supplier of International advanced hull coatings and The Gold Standard Foundation draw attention to a new and unique marine-based methodology to reward the improved fuel efficiency of ships within the international maritime industry.

Certification by The Gold Standard for the first of its kind, peer-reviewed methodology will allow ships to generate carbon credits, thus income, for the CO2 emission reductions they achieve.

The methodology is based on ship owners and operators converting existing vessels from a biocidal antifouling system to a premium, biocide-free advanced hull coating such as Intersleek.

A baseline emission level is determined for the vessel prior to the application of Intersleek with the same data source then used to determine the emission savings after its application. The carbon credits generated are directly related to reduced emissions as a result of reduced fuel consumption.

Using a ‘results based finance’ approach, carbon credits are awarded annually, based on vessel data that is collected, analysed and for Intersleek, administered by International and submitted to The Gold Standard Foundation for validation.

To ensure rigour and transparency, the fuel savings that are generated are verified by independent UN accredited auditors. Once the carbon credits are issued to International® they can be sold at market price and the revenue shared with customers.

This significant landmark for sustainability within international shipping will act as a further incentive to drive an increase in the uptake of eco-efficient technologies, as ship owners and operators can additionally benefit from their investment in Intersleek technology once the performance of the hull coating is independently verified in service. International advises that many owners and operators are already eligible to benefit from the process and receive credits that have already been accrued.

“This landmark methodology enables ship owners and operators to benefit twice when they invest in Intersleek® technology. Firstly, they can increase operational, environmental and energy efficiencies, which reduces fuel costs and emissions and then they can reap the additional financial benefits of carbon credits, which we will share with them. We will also handle all the administrative requirements, so customers don’t have to invest time, capital or resource in generating the carbon credits,” says Trevor Solomon, Intersleek Business Manager.

www.akzonobel.com
 

 

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Baltic Mercur II makes maiden voyage to Antwerp

This week Atlantic Ro-Ro Carriers (ARRC) celebrates the maiden voyage of the Baltic Mercur II via the port of Antwerp as part of their regular transatlantic service to the US Gulf.

USCG Provides Safety Tips to Paddlesports Enthusiasts

As the boating season unofficially begins, the 9th Coast Guard District is reminding paddlesport enthusiasts to take precautions to ensure safe trips and increase

USS George Washington Completes Carrier Qualifications

Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows

Technology

DNV GL’s Synergi to Manage Siem Offshore Newbuilding Projects

Siem Offshore has chosen DNV GL’s Synergi Project to manage nine newbuilding projects. Synergi Project software The software is used to optimize the collaboration

Huawei Bags MCT Submarine Cable Contract

Huawei Marine has signed a system design and construction agreement with a consortium comprising Telekom Malaysia Berhad, Symphony Communication and Telcotech

U.S. Senators Urge Obama to Block Arctic Oil Drilling

A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic,

Finance

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

Dubai Establishes Maritime Arbitration Centre

The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates

Gener8 Maritime to Go Public

Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m.

Environmental

Baltic Mercur II makes maiden voyage to Antwerp

This week Atlantic Ro-Ro Carriers (ARRC) celebrates the maiden voyage of the Baltic Mercur II via the port of Antwerp as part of their regular transatlantic service to the US Gulf.

Wärtsilä's' Propulsion for Use with US Compliant ELA

Wärtsilä has developed propulsion systems that are capable of operating with Environmentally Acceptable Lubricants (EALs) and comply with the US Vessel General Permit 2013 (VGP-2013).

Arctic Sea Ice Decline

Sea ice in the Arctic Ocean is at its lowest May level since records began in the 1980s, says Al Jazeera.    The lowest levels in the history of Arctic sea ice

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.3719 sec (3 req/sec)