RightShip is well-placed to provide emissions calculations and reporting to signatories who choose the Charter’s ‘preferred’ pathway to verification of annual calculations. 

We have provided Carbon Accounting services to our chartering customers for more than five years, with the likes of BHP, Anglo American and Incitec Pivot selecting RightShip to account for their shipping emissions and deliver strategies for improvement beyond the Sea Cargo Charter.

How does Sea Cargo Charter reporting work?

Signatories reporting on their annual emissions need to provide intensity data that can be measured against the International Maritime Organisation’s GHG reduction strategy. An outcome will either be above or below the required intensity to be on track to meet targets.

Once appointed by a signatory, RightShip performs voyage and annual carbon intensity and climate alignment calculations on their behalf. We provide a complete reporting package including a verification statement and results outcomes to enable the charterer to successfully meet their Sea Cargo Charter obligations.  

The following items are required in the report: 

  1. Voyage climate alignments reported against required CO2 intensities.
  2. Category climate alignments (defined by ship type and size) reported as a +/- percentage.
  3. Total annual activity, climate alignment reported as a +/- percentage.

Disclosure requirements

  1. Percentage of eligible chartering activities non-reporting.
  2. Percentages of the chartering activities for which the preferred and allowed pathway tracks were used.
  3. Percentages of eligible chartering activities for which measured and estimated data were used and the source for estimated data.
  4. A list of the names of the third parties used, to complete the calculations and the associated verification statement / report.

The outcome of your report will give you a clear picture of your present position and where you sit on the way to meeting maritime industry environmental objectives. The output will ultimately be a figure above or below the required intensity. 

For example, the below table provides a sample result that a signatory might receive in their reporting:

Year

Transport Work (Mtnm)

CO2 (t)

Alignment Delta (%)

2020

122,421,435,851

676,593

4%

The four per cent is above the required intensity, ultimately, this customer will want to drive emissions down, so that they arrive at a negative figure in the future. 

RightShip offers additional Carbon Accounting support

Signatories may consider using our Carbon Accounting tool too in conjunction with Sea Cargo Charter reporting. However, you don’t need to be using the Sea Cargo Charter to engage RightShip for your environmental assessments.

When you add Carbon Accounting to your environmental processes, you get access to both your emissions trajectory outcomes, as well as bespoke insights and solutions that enable you to develop a road map to drive down emissions over time, so that you have a path to meaningful improvement from where you’re positioned today. 

Through Carbon Accounting, we look at your total emissions and your emissions trajectory, as we would with Sea Cargo Charter reporting. But we can drill down into specific insights, such as total emissions coming out of specific routes, ship types or cargo types.

Through Carbon Accounting, we can also provide insights into supplier performance, which in turn helps you to work with suppliers to improve their contribution to sustainability.  Our extensive vessel database allows for the assessment of vessel design and operational performance, which when viewed together provide powerful insights.

As our Carbon Accounting is aligned with the European Standard for scope 3 emissions, it also covers the life cycle of fuel, including the extraction. It covers ship types not represented by the Sea Cargo Charter, such as containerships and general cargo vessels. With these additional insights, you’ll be able to develop more holistic emissions reduction strategies to help you improve your efficiency and performance.

To learn more, contact our sustainability team: [email protected]

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