Unipec to Shed ULCC Storage Charter
The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia at the onset of the drop in global prices two years ago, sources told Reuters. Unipec UK took over a lease on the TI Europe, one of just two Ultra Large Crude Carriers capable of holding more than 3 million barrels of oil, in the Straight of Malacca in late 2014, just as oil prices began to slide below $100 per barrel and the excess of crude was filling the world's on shore tanks. The UK arm handles most of the crude oil purchased from West Africa and the North Sea that is shipped east. It used the ship for "floating storage"…
COP21 - 2 billion Tonnes of Goods Shipped Using GHG Rating
Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change. By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency. Developed in 2010 in response to customer demand, the GHG Emissions Rating is a tool developed by RightShip, the maritime risk management specialist. The tool is available free of charge to all RightShip customers and at ShippingEfficiency.org and allows charterers and other stakeholders to assess the efficiency of vessels.
Charterer's Energy Initiative Faulted by Intercargo
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.
Charterers Take Lead in Contracting Most Fuel-efficient Vessels
Cargill, Huntsman Corp. & UNIPEC UK who combined charter over 350 million tonnes of commodities annually decide to charter only eco-friendly ships. Cargill, one of the world's leading international transporters, producers and marketers of food, agricultural, financial and industrial products, Huntsman Corporation, the global manufacturer and marketer of differentiated chemicals and UNIPEC UK Company Ltd, trader of crude oil and oil products, announce that they will only charter the more efficient vessels operating in the shipping market. This commitment is the first of its kind in the industry to reduce the existing fleet carbon emissions.
