Charterer's Energy Initiative Faulted by Intercargo

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.”

 

Logistics News

Dirty Tanker Vessel Loadings Drop 62%

Dirty Tanker Vessel Loadings Drop 62%

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Cimolai Technology Unmoors 800-Ton Goliath Crane, Destined For Fincantieri Monfalcone

Ukraine Explores Alternative Grain Routes

Ukraine Explores Alternative Grain Routes

Strike Hinders Argentina Grain Port Activity

Strike Hinders Argentina Grain Port Activity

Subscribe for Maritime Logistics Professional E‑News

Report finds that Southern California Edison tower caused the devastating Eaton fire in LA County.
Jetstar Australia will charge for bags that are carried in overhead bins
LATAM Airlines raises its earnings forecast for 2026 as fuel prices ease