Charterers are already beginning to use the “A to G” data to inform the vessels they use, and their demand for more efficient ships will shape the future market. If you are an owner or operator, search your vessels now to see the efficiency of your fleet.

Depending on the chartering arrangement, a vessel owner with a more energy efficient vessel can reduce their bunkers and will be a preferred vessel for shippers that factor efficiency into their chartering selection process. While retrofits and upgrades can be costly, the payback period can be as little as six months. In a joint initiative between the Carbon War Room, PwC, vessel owners, technology providers and financiers, are working on third party-financing models to retrofit vessels with a range of energy efficiency measures. Other benefits to vessel owners include port/terminal discounts, lower insurance premiums, and an enhanced reputation.