Donsö-based tanker shipping company Furetank on Thursday (16 December) said it has compensated all remaining emissions from the four Vinga vessels owned by Furetank for the entire year of 2021 through carbon offsetting.
The carbon offsetting is specifically for Furetank’s new Vinga series of ships that feature a 55% reduction of CO2 emissions compared to the previous generation of vessels.
The goal is to reach zero by running the vessels entirely on renewable, liquid biogas, but today the supply is just not sufficient, notes Lars Höglund, CEO of Furetank.
“I feel great about halving the emissions from the new ships, we have done everything we possibly could to limit our climate footprint. But we don’t want to settle there. To show that we are serious in our ambitions and push forward even further, we turn to climate compensation,” he states.
Carbon offsetting involves purchasing an amount of certified carbon credits equivalent to the CO2 emissions caused by one’s operations. Each credit corresponds to one tonne of CO2.
The credits are certified through Gold Standard, the world’s most acknowledged climate compensation registry, approved by the WWF and other renowned organisations, according to Furetank.
They validate and transfer funding to renewable energy projects worldwide, accelerating the global transition away from a fossil-based economy.
Furetank worked with Suad Januzzi, sales trader at STX Commodities, a global trading firm in environmental commodities, for the arrangement.
“There is a saying: ‘Do your very best, offset the rest’. After making every effort to reduce your own emissions, purchasing carbon credits is a way to take accountability for your remaining impact,” notes Januzzi.
“At the same time you strengthen the global system that puts a price on CO2 emissions and benefits the UN sustainable development goals.
“We are proud to work with true leaders in the field like Furetank. They have already come further than most by switching fuels. This compensation doesn’t remove remaining emissions, but everyone needs to set up a strategy and start from where they stand.”
Photo credit: Furetank
Published: 17 December, 2021
Affected companies ‘strongly encouraged’ to submit SEEMP Part II on or before 1 September 2018.
Sinopec’s 2021 China's Energy and Chemical Industry Development Report forecasts fuel oil demand to increase from 43 million mt tons to 49.5 million mt tons in 2025.
Aims to study the feasibility of designing and building cruise ships that allows zero emissions; and related hydrogen bunkering developments.
“Proposed amendments involve [...] application of Energy Efficiency Design Index requirements to ships having ice-breaking capabilities,” said a spokesman.
MAN Energy Solutions states that the new engines will be capable of burning bio-methanol as well as e-methanol. Vessels will be ready for service from Q1 2024.
To initially focus on testing and trials of existing proven technologies on ships under their command, they state.
‘We are happy to sit down with interested parties to discuss this opportunity, and share more details of our business regarding STS transhipment and storage with potential clients upon request,’ states Managing Director.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
