"CARBON WAR ROOM AND RIGHTSHIP'S SHIP-EFFICIENCY RATINGS NOW INFLUENCE 24,700 VESSEL MOVEMENTS ANNUALLY - AN INCREASE OF MORE THAN 450 PERCENT IN THE LAST 2 1/2 YEARS." José María Figueres, Chairman of the Board, Carbon War Room and Rocky Mountain Institute
Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most inefficient ships based on the GHG Emissions Rating. Among them, the Mosaic Company, one of the world’s largest producers and marketers of concentrated phosphate and potash crop nutrients, today shared its policies on chartering ships using the GHG Emissions Rating, and the resulting positive business impacts. Read More.
"FLEETS SAVED $477 MILLION IN 2014 BY INVESTING IN EFFICIENCY TECHNOLOGIES. THESE SAVINGS WILL GROW AS OTHER FLEETS LEARN FROM THEIR LEADERSHIP." Mike Roeth, Operation Lead, Trucking Efficiency and Executive Director, NACFE
Fourteen fleets operating more than 53,000 tractors and 160,000 trailers achieved fuel savings of $477 million in 2014 by adopting a variety of fuel efficiency technologies, according to the Annual Fleet Fuel Study released by the North American Council for Freight Efficiency (NACFE).
These fleets represent a growing focus on fuel efficiency in the industry. The fleet improvements save $9,000 per year per truck, with an estimated payback period of two and a half years, and reduce their carbon emissions by 19%. Read More.
"Banks are beginning to recommend efficiency retrofits to shipowners. As this trend continues, efficiency retrofits will offer increasing wealth-creating opportunities and inefficient ships will become more and more unmarketable." José María Figueres, Chairman of the Board for Carbon War Room and Rocky Mountain Institute
Today, Carbon War Room announced that several leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy efficiency data in making investment and financing decisions. HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by global nonprofit Carbon War Room (CWR) have indicated that vessel efficiency rankings—such as the A to G GHG Emissions Rating developed by independent ship vetting company RightShip and CWR—now form an important part of assessing risk and return, with inefficient vessels now representing a higher-risk investment.
“By offering tax discounts to ships retrofitting energy efficiency technologies, the Liberian Ship Registry is adding thousands of extra dollars to the savings that these retrofits already offer.” Jeff Erikson, Director of Global Projects, Carbon War Room
The Liberian Registry, the world’s second-largest flag state for ships, has committed to offering tax discounts of up to 50% for vessels retrofitting efficiency technologies through a financing partnership between Carbon War Room (CWR) and EfficientShip Finance (ESF). Read More.
Fleets that optimize their electronic engine parameters for fuel economy can expect to see about a 0.5 MPG improvement in fuel economy. Fuel economy improvements of 5–8% are possible for fleets that previously have not used parameters to optimize for fuel economy. Read More.