Carbon War Room in-efficient fuel success
- Oct 04, 2012
Cargill Inc, a worldwide commodity carrier company yesterday announced that they will stop using their most fuel-inefficient shipping vessels to reduce their carbon emissions.
According to a United Nations study, international shipping accounts for 2.7 % of global CO2 emissions – an industry which needs to drastically cut their emission output.
Cargill transports 200 million metric tons of commodities each year and spends $2 billion per year on fuel to operate its fleet of 400 ships at any one time.
Peter Boyd, COO of Carbon War Room commented: “This deal represents the first major capital shift on behalf of the charterers towards making greater efficiency a factor in their vessel chartering decisions. Cargill, Huntsman Corporation and UNIPEC UK should be congratulated for being the first to make this commitment. We’d encourage other charterers within the market to look towards this simple and understandable way to quantify, measure, and track efficiency.”
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