World News
Stakeholders Demanding More Information on Shipping Efficiency
Sstakeholders are increasingly demanding information on shipping efficiency, according to Spyros Capralos, managing director and CEO of Athens based dry bulk shipper Star Bulk Carrier Corp. (Star Bulk) [NASDAQ:SBLK].
"Transparency is very important, not only to generate efficiencies as a company but to also communicate effectively with our key stakeholders, who are increasingly demanding this information," said Capralos.
The comments came as Carbon Positive announced that Star Bulk passed the first stage of its Carbon Positive Programme for Ships (CPPS) by measuring its carbon emissions for one year.
Carbon Positive CEO Helena Athoussaki, commented that, "measurement is fundamental to making progress on emissions reduction, particularly in light of the recent European Union statement announcing the upcoming Monitoring, Reporting and Verifying system."
Carbon positive said that the first phase of the CPPS involves a "comprehensive emissions measurement process" and provides the basis for identifying improvements to save money and improve the fleet's functioning.
Star Bulk, one of the first shipping companies to take part in the process, conducted two energy audits for each of its vessels and began implementing measures to reduce emissions including installing propeller boss cap fins, installing fuel valves and alpha lubricators, and using an intelligent weather routing system.
The company is now in the second phase of the process, which involves monitoring the effectiveness of the measures.
"We look forward to progressing to the next stage of our carbon emission management programme and generating genuine emissions reduction and further efficiencies, which will benefit our customers, suppliers and the wider environment."
Star Bulk, which is incorporated in the Marshall Islands and has its headquarters in Greece, operates 14 dry bulk carriers and has a combined cargo carrying capacity of 1.5 million deadweight tons, according to its website.
Carbon Positive announced the launch of CPPS in November 2011, with three stages involved in the certification: measure, reduce, and offset.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 6.00 | 661.50 | 4.00 |
| Rotterdam | 510.00 | 2.00 | 661.00 | 2.00 |
| Houston | 548.00 | 2.50 | 666.50 | 0.50 |
| Fujairah | 555.50 | 5.00 | 746.00 | 2.50 |
| Global 20 Ports Average | 582.50 | 1.50 | 753.00 | 1.50 |
| Global 4 Ports Average | 544.50 | 3.00 | 683.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 2.50 | 803.50 | 2.00 |
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