Finding a Green Ship in a Blue Ocean

Transcription

1 Finding a Green Ship in a Blue Ocean GreenTech 2013

2 About RightShip Agenda Existing Vessel Design Index and Greenhouse Gas Emissions Rating A practical application How charterers use the tool How ship owners use the tool

3 Independent company formed in Oct 2001 Melbourne, London & Houston 210+ customers globally Ship Vetting, Environmental Efficiency & Risk Management Service Petroleum, Gas & Dry Cargo Vetting Service Worldwide dedicated vetting specialists Former serving Masters and Chief Engineers Award winning proven system ISO9001 and ISO27001 Certified About RightShip

4 Existing Vessel Design Index and Greenhouse Gas Emissions Rating

5 Efficiency as a Proxy for Sustainability

6 CO 2 Emissions Emissions (Gigatons CO 2 ) Data Source: Second IMO GHG Study (2009)

7 EVDI What is it? EVDI = CO 2 emission transport work Existing Vessel Design Index (EVDI ) This formula produces the amount of CO 2 emitted (in grams) by a vessel for every tonne of cargo carried a nautical mile based on: Total engine power Fuel type & specific fuel consumption Cargo carrying capacity Speed Developed by RightShip based on the same assumption as the EEDI, this formula can be validly applied to existing vessels right now Benchmarks the efficiency of the global fleet

8 The Problem with the Relative Efficiency of the Existing Fleet

9 Basis of Comparison Ship Type Basis of Size Range Bulk Carrier Chemical Tanker Container Crude & Products Tanker (inc. OBO) Cruise General Cargo LNG Tanker LPG Tanker Refrigerated Cargo Ship Vehicle DWT DWT TEU DWT GT DWT CBM CBM DWT DWT

10 Let s Compare

11 A practical application

12 Brazil to China 11,023 nautical miles Qingdao Vitoria

13 CO 2 Differential Bulk Carriers Calculated using 170,000 to 173,000 dwt Vessels GHG Emissions Rating DWT EVDI CO 2 Tonne Variation from Mean Variation from Mean % B 172, , % C 172, , % D 171, , % E 171, , % F 170, , %

14 Assumes a price of fuel USD650 per tonne (IFO 380) Price of Fuel Differential Bulk Carriers GHG Emissions Rating DWT Power (Kw) USD Price of fuel for voyage USD Variation from Mean % USD Variation from Mean B 172,964 14,711 $1,304,325 -$192,970-13% C 172,964 15,404 $1,365,769 -$131,527-9% D 171,516 16,861 $1,448,044 -$49,252-3% E 171,681 18,736 $1,555,791 $58,495 4% F 170,000 18,661 $1,671,314 $174,019 12%

15 How charterers use the tool

16 The market is moving faster than industry can regulate

17 Chartering customers are onboard and supportive Developed in response to customer demand Ten RightShip customers factor in energy efficiency into chartering selection process when vetting o o o together they ship 1 billion tonnes of cargo represents around 18% of global non-containerized shipments around 15,000 vessel movements annually Early adopters have significant first mover advantage Feedback has been very positive o o o reduced shipping costs through reduced bunkers enhanced reputation through focus on sustainability supports company sustainability objectives

18 How customers factor it into their selection process Vessel can be denied: Vessel warning:

19 Customer Example: Total Vets

20 Customer Example: Customer Approved Vets

21 Customer Example: Customer Denied Vets

22 How ship owners use the tool

23 Financial benefits o o o o o o Port Metro Vancouver provides a 35% port fee discount to vessels with an EVDI of A, B or C incentive provider to Environmental Ship Index selected by charterers who factor CO₂ efficiency into their selection process potential for lower insurance premiums easier access to bank finance Ship Owners: make money in a tough market payback period for retrofits and upgrades can be as little as six months Reputational benefits

24 Questions?