Survey shows ships are getting greener

07 Apr 2011

A survey shows that over 60 emission-reduction technologies from 130 companies are being used by the shipping industry to embrace clean technology, driven by the need to cut fuel bills as well as by emissions regulation.

The Guide, launched by market intelligence company Fathom, is said to be the first comprehensive guide to ship efficiency and technology measures. Supported by BIMCO and Lloyd’s Register, the guide details the emission reduction capability, payback periods and ship type applicability of an array of technologies. Amid rising crude and bunker prices, The Guide is said to have been developed to meet an increasing thirst for knowledge of fuel saving efficiency technologies and measures, as shipping faces increasing commercial and regulatory pressure to reduce fuel costs and emissions.

Guide editor Peter Lockley said: “Despite continued negotiations at IMO and UNFCCC around a mandatory energy efficiency design index (EEDI) and market based instruments to reduce greenhouse gases (GHG), what we are seeing is that rising fuel costs and better practices in preparation for impending GHG reduction measures have spurred on an impressive number of companies to offer an ever-wider array of emission reduction solutions. While many of the technologies may be well-known, previously there were market barriers to industry take-up, such as technological problems or low fuel prices. Increasingly these barriers are eroding; not least as the innovative shipowners and operators in the market look to prepare for impending regulations.”

A spokesperson for BIMCO commented: “BIMCO welcomes the Fathom guide to ship efficiency technologies and measures as a new tool for ship owners, operators and designers who are searching for information on reduction of air emissions from ships. Fuel costs represent in general the largest operating cost for ships. The shipping industry and its suppliers are increasingly innovative in discovering means to reduce fuels costs and emissions and The Guide provides a comprehensive listing of the options available for the shipowners and ship builders.”

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