Sustainability Products

GHG Rating

The shipping industry is changing rapidly. Increasingly, we are seeing new technology that can be used to reduce emissions. Battery-powered ships and alternative fuels are impacting the way we do business and reducing emissions in the process. Those resisting the evolution risk an impact to their bottom line.

When you employ sustainability measures recommended by RightShip, you strengthen your market position. The GHG Emissions Rating is a systematic and transparent means of comparing the relative efficiency of the world’s shipping fleet. It is disrupting the market, putting those who use it out in front of their competition through increased transparency. In rating ships according to their efficiency, we enable users to make informed decisions about the sustainability of their vessel.

RightShip’s GHG Emissions Rating was developed in response to the growing trend of global

CO₂ emissions reductions and customer demand for practical solutions. Today we’re seeing unprecedented implementation of sustainability retro-fits and innovative new builds. Our customers are bold and ambitious in their environmental endeavours, introducing corporate social responsibility policies that demand absolute efficiency.

The GHG Rating compares a ship’s theoretical

CO₂ emissions relative to peer vessels of a similar size and type using an easy to interpret A – G scale. Those who do the right thing are rewarded, with their results clearly displayed in our platform data, increasingly the likelihood that their vessel will be an attractive charter option.

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GHG RATING METHODOLOGY

FEATURES

Sustainability Features

Transparency

The GHG Rating increases transparency in the shipping industry by ranking ships according to their energy efficiency and GHG emissions. This information was previously unavailable, now charterers can quickly and easily identify vessels standing out from others in their peer group. A good rating is highlighted in RightShip’s digital platform, in turn increasing chartering opportunities.

Informed selection

Assists the maritime industry to transition to a low carbon economy through informed selection of more efficient ships. The clearly explained methodology provides easy to understand ratings used by all players in the industry and provides a market-based need for ship owners to invest in essential energy saving equipment.

Market your vessel

RightShip’s GHG Rating is provided through RightShip’s members package. They can also clearly display additional energy saving equipment added to their vessel and promote their investment in sustainability, which in turn rewards them with a commercial advantage.

ADVANTAGES

Sustainability solutions
advantages

Check out our sustainability advantages

Benchmarking

Provides the ability to benchmark a vessel’s GHG Rating at a DOC and world fleet level, which can aid the development of a clear emissions strategy. Strong sustainability performance is highlighted in RightShip’s digital platform, giving our customers a clear path to options that meet their due diligence requirements

Investment decisions

Helps shipowners and banks make informed investment and business decisions. Select vessels that will improve the emissions profile of your company and ensure the longevity of your assets. Use the GHG Rating as part of a holistic approach to vetting to fit with your ESG and CSR, and put the industry on the path to a zero emissions maritime environment.

A competitive advantage

The GHG Rating provides our clients the opportunity to be rewarded through visibility and recognition for their positive efficiency initiatives. Recognition for these actions has never been more important for competitive advantage, in an industry with strong environmental regulatory and commercial signals behind it.

WHAT OUR CUSTOMERS SAY ABOUT US

We’ve used RightShip to ensure the vessels we use are safe and environmentally sound, so it was a logical step to ask the team to help us measure our scope 3 emissions. Working with them is very straightforward and we are confident in the accuracy and reliability of the results. There are very few scope 3 data sources and, as far as we are aware, there is no other agency able to deliver this level of accuracy for ocean transport.

- Karen Durand, Corporate Sustainability Manager, Incitec Pivot Ltd

RightShip, the ship approval system used to verify vessel efficiency, has confirmed the fuel savings Odfjell has achieved using MAN Diesel & Turbo’s Kappel Propeller upgrade package. After the upgrade, the vessels are amongst the most energy efficient chemical tankers in the world, and achieve the highest score on the RightShip’s energy rating, A+.

- Harald Fotland, COO, Odfjell SE

Until 2016, our scope 3 emissions were estimated but that’s no longer good enough. We need to understand our emissions so we can benchmark them against other shippers and control them effectively. RightShip allows us to do that.

- Abdes Karimi, Head of Ocean Freight Operations, BHP

We’re proud to be accelerating the shipping industry’s movement toward greater efficiency and sustainability using RightShip’s GHG Emissions Rating. Since launching our Green Wave vessel incentive program in 2014, RightShip has been an exemplary qualifying measurement that has allowed vessel charterers and owners to take advantage of significant discounts to harbour dues at the Port of Prince Rupert. The support we have received through our partnership with RightShip has been integral to the success of our program. Our recognition of environmental performance is encouraging the adoption of similar practices across the global shipping industry.

- Don Krusel, President & CEO, Prince Rupert Port Authority

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 5 percent of Mosaic’s carbon footprint.

- Neil Beckingham, Director of Sustainability at The Mosaic Company

Early indications are that the MEP will be a useful tool for both port authorities and port operators to better understand shipping emissions and therefore consider management opportunities to address these emissions in balance with land-based sources.

- Roger Johnston, CEO, Pilbara Port Authority