Ports launch Environmental Ship Index

Representatives of major European ports and leaders of the International Association of Ports and Harbors’ World Ports Climate Initiative met in London yesterday to launch the new the Environmental Ship Index (ESI). As of 1 January 2011, the ports of Rotterdam, Amsterdam, Moerdijk and Dordrecht will reward clean ocean-going vessels with discounts on their port dues. The better a ship’s score above the legal norm on the new international standard emissions, the better they will be rewarded. APM Terminals Vice President and CFO Christian Moller Laursen noted the “special opportunities” that exist for terminal operating companies in economically emerging markets, but cautioned the audience on risks also associated with such investments. “The ports industry is very much an emerging market story. In terms of container throughput, two-thirds of the global container throughput is handled in ports in emerging markets. Shipping company APL has volunteered to burn cleaner fuel in every vessel calling at the ports of New York and New Jersey. The agreement is part of a Port Authority program designed to curb emissions in New York Harbour. Under the plan, APL vessels will use low-sulphur fuel in auxiliary generators while berthed.

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