UAE-based vessel operator Oilmar Shipping and Chartering DMCC on Tuesday (21 June) said its bunker desk has successfully organised the company’s first carbon neutral marine fuels voyage on FMT Bergama.
“The chemical tanker consumed the carbon credits while travelling from the Spanish port of Huelva to the Italian Port of Naples, and further ahead,” Rakesh Sharma, Oilmar’s head of business and the carbon market desk lead, told Manifold Times.
Oilmar collaborated with several market players, including Singapore-based global carbon exchange and marketplace Climate Impact X, for the development.
“We had considered the voyage distance, total fuel consumption including the ancillary services to calculate the carbon footprint on the voyage,” he said.
“Our first transaction acts as an entry point into the carbon markets, which offers owners, operators, and charterers to offset their emissions and comply with ESG requirements.
“Oilmar is positioned perfectly to provide a package of carbon neutral marine fuels to its customers.”
Related: Oilmar opens bunkering subsidiary Oilmar Greece SPC for Mediterranean market
Related: Oilmar enters into a trade-credit insurance policy with trade credit insurer Euler Hermes
Related: Oilmar Shipping and Chartering hires Credit Risk Manager to support bunker desk
Related: Oilmar appoints Maaz Ahmed Team Leader of newly established bunker trading desk
Related: Olimar Shipping forays into bunker trading amidst pandemic-related uncertainties
Photo credit: Oilmar Shipping and Chartering
Published: 22 June, 2022
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