Improved Energy Efficiency Legislation Work News

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.