Excluding inefficient vessels

The organisation said that this is largely down to the successful uptake of the GHG Emissions Rating, the usage of which has increased by more than 450% in the past two and half years from up from 350m shipped tonnes to 1.95bn shipped tonnes.

Among the users of the rating system is the Mosaic Company, one of the world’s largest producers of concentrated phosphate and potash crop nutrients. The company now excludes all G-rated vessels for international shipping and uses RightShip’s GHG Emissions Rating as a guide for calculating and reporting its maritime carbon footprint.

Neil Beckingham, director of sustainability, The Mosaic Company, said: “By using more-efficient ships, we are gaining cost efficiencies and furthering our efforts to reduce Mosaic’s carbon footprint. Given the success of GHG Emissions Rating vetting, we are reviewing options to also exclude F-rated vessels. Emissions from shipping currently represent less than five percent of Mosaic’s carbon footprint.”

The Carbon War Room said that Mosaic and the other 24 RightShip charterers using the GHG Emissions Rating are leading the industry towards greater efficiency as charterers increasingly choose to lower their annual fuel bills and greenhouse gas emissions.

The GHG Emissions Rating is a tool developed by RightShip, the maritime risk-management specialist and Carbon War Room, a non-profit founded by Sir Richard Branson.

The tool is available for free at ShippingEfficiency.org and allows charterers and other stakeholders to assess the efficiency of vessels. It utilises an A to G scale, where A represents the most-efficient ships and G the least efficient.