RMI Registry works on greenest fleet
According to Clarksons Research's World Fleet Register, the Republic of the Marshall Islands (RMI) Registry has the world's youngest blue water fleet, with an average age of 9.4 years.
Clarksons has created “green” categories for ships that invest in emission reduction technologies like LNG and alternative fuels, battery/hybrid systems, engine control optimization (Eco), and energy savings technologies (EST) like wind and solar.
Looking within the RMI flagged blue water fleet, this means that more than half of the gross tonnage is using green technologies, according to the ship registry.
As shipping works to meet the targets set out in the International Maritime Organization's Initial Strategy for reducing greenhouse gas emissions, more people are becoming aware of the industry's environmental impact.
As a result, environmental, social, and governance (ESG) criteria are becoming more important in vessel financing, and it is critical that shipowners choose a flag state with the commitment and track record to help them achieve ESG compliance.
Maritime Business World