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NEWS BULLETIN:International oil, chemical and agricultural transporters – Cargill, Huntsman and Unipec UK drop fuel inefficient Vessels “We hope this action will demonstrate to ship owners that they can do more in terms of efficiency, and the market will reward them.”JonathanStoneley, Environment and Compliance Manager, Cargill Ocean Transportation
Cargill, one of the world’s leading international transporters, producers and marketers of food, agricultural,financial and industrial products, Huntsman Corporation, the global manufacturer and marketer of differentiated chemicals and UNIPEC UK Company Ltd, trader of crude oil and oil products, announced today [October 2 2012) that they will only charter the more efficient vessels operating in the shipping market.  This commitment is the first of its kind in the industry to reduce the existing fleet carbon emissions.The announcement, from Cargill, Huntsman Corporation and UNIPEC UK who combined charter over 350 million tonnes of commodities annually, signifies a milestone for the vessel fuel efficiency ratings system, the Existing Vessel Design Index (EVDI™). EVDI was created by ship vetting specialist RightShip and published on Carbon War Room’s ShippingEfficiency.org, which is an initia­tive to increase information flows around international shipping’s energy efficiency, as a greenhouse gas emissions rating (A-G rating) benchmarking system. “Cargill has introduced a senior management override on the use of the least energy efficiency vessels.  By choosing the more efficient vessel available to us, we are making a strong statement to the market,” commented Jonathan Stoneley, Environment and Compliance Manager, Cargill Ocean Transportation. “We hope this action will demonstrate to ship owners that they can and should do more in terms of efficiency, and that the market will reward them and will also show other charterers the decision support tools available if they want to operate more efficiently. Peter Boyd, COO of Carbon War Room commented: “This deal represents the first major capital shift on behalf of the charterers towards making greater efficiency a factor in their vessel chartering decisions. Cargill, Huntsman Corporation and UNIPEC UK should be congratulated for being the first to make this commitment. We’d encourage other charterers within the market to look towards this simple and understandable way to quantify, measure, and track efficiency.”Warwick Norman, Chief Executive Officer, RightShip, added: “Cargill, Huntsman Corporation and UNIPEC UK have strong commitments to maximise efficiency on environmental grounds, and we are proud to provide them with the decision support tool they need to implement their environmental leadership position. We’ve developed the Existing Vessel Design Index, or EVDI™, to estimate the amount of CO2 emitted per tonne by any nominated ship, per nautical mile travelled, based on complex analysis of a range of reliable data. WWW.SHIPPINGEFFICIENCY.ORGThe Shipping efficiency ratings system - containing efficiency information on over 60,000 vessels including container ships, tankers, bulk carriers, cargo ships - enables charterers to instantly see a ship’s theoretical greenhouse gas emissions and relative energy efficiency. This is determined by RightShip’s EVDI™ ratings from A (most efficient) to G (least efficient), which compares ships of similar size and type. This practical, usable information can enable users to make fuel savings and meet energy efficiency targets, and their preference for more efficient ships also rewards owners who have invested in operating a sustainable fleet.
ABOUT THE CARBON WAR ROOMThe Carbon War Room is a global entrepreneur initiative that accelerates entrepreneurial solutions to deploy profitable, scalable clean technologies. It focuses on breaking down market barriers for capital to flow to entrepreneurial solutions, and takes a global sector-based approach. In 2010, Carbon War Room introduced the world’s first eco-labelling for the shipping industry.For more information click here... www.ShippingEfficiency.org
ABOUT CARGILLCargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 140,000 people in 65 countries. For more information click here... www.cargill.com.Cargill Ocean Transportation Cargill’s Ocean Transportation business is part of Cargill ETM (Energy, Transportation and Metals) and is a global leader in ocean freight chartering, trading, logistics, operations and risk management.  The business is headquartered in Geneva with offices in London, Amsterdam, New Jersey, Singapore, Shanghai and Tokyo.  For more information click here... www.cargill.com/company/businesses/cargill-ocean-transportation/index.jsp Cargill ETM (Energy, Transportation and Metals) Cargill Energy, Transportation and Metals (Cargill ETM) transparently manages global commodity supply chains for its customers.  Cargill ETM employs over 1,000 people with regional hubs in Europe (Geneva), the Americas (Minneapolis, Houston, New Jersey, Sao Paulo), Asia (Singapore, Shanghai, Beijing, Mumbai) and Africa (Johannesburg). For more information click here...  www.cargill-etm.com
ABOUT HUNTSMAN CORPORATIONHuntsman is a global manufacturer and marketer of differentiated chemicals. Huntsman has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion. For more information click here... www.huntsman.comABOUT UNIPEC UK COMPANY LTDUNIPEC UK is an overseas affiliate of United Petroleum & Chemicals Company Limited (UNIPEC) and trades crude oil and oil products. In 2011, UNIPEC’s oil trading volume was 220 million tons with a total turnover of more than US$170 billion.  For more information click here... www.huntsman.com