All vessel owners and operators, of old and new ships, will be required to maintain a Ship Energy Efficiency Management Plan (SEEMP), which incorporates best practices for the fuel efficient operation of ships, such as better speed management throughout a ship’s voyage and the introduction of both newbuild and retro fit energy efficiency technologies. Efficiency measures can significantly reduce fuel consumption and, consequently, CO2 emissions.

Moreover, and crucially, CO2 reduction directly correlates to fuel efficiency and savings in fuel costs.

There is little incentive for owners to make large-scale investments to improve the efficiency of their ships, when the shipper/charterer of the vessel will benefit from the savings – termed “The Spilt Incentive Issue”.

The Carbon War Room has identified that there is appetite across the globe in shipping for a revolution in the way efficiency data is used, clean technologies and measures are financed and the way that contracts are written-up. Ship Owners and Operators should encourage efficiency to be factored into contracts between charterers, and between operators and ports, to encourage investment in money-saving efficiency technologies which will better their operations and business.

Owner & Operator Partners