Energy efficiency increases ship’s asset value

At a time when freight rates are volatile and fossil fuel prices steadily rising, increasing the energy efficiency of a ship can improve profit margins and raise its asset value. With banks, charterers and traders getting sensitised to the environmental impact of their activities, energy efficiency may be a competitive factor when buying or hiring ships. Ships achieving higher levels of energy optimization could expect higher revenue and lesser idle time between contracts because of a greater demand of energy efficient ships for trading.

Leading vessel data and valuation providers are lining up to provide energy efficiency ratings to help clients evaluate a ship’s value score and compare it with other vessels in the same class. According to studies carried out in this direction, energy efficiency is an important determinant of ship values applying across vessel types and across time. Buyers and their financing banks are increasingly aware of an asset’s attractiveness based on its long-term viability and revenue potential.

Navmar prepares and implements customized SEEMP (Ship Energy Efficiency Management Plan) for each vessel, depending on the age, trading geography, and condition of hull, engine room and onboard equipment and installations. Adequate training is provided to Top Four ranks on how to implement and monitor the SEEMP objectives and periodically revise the plan as per prevailing conditions and regulations. We also help cargo and offshore vessels to implement cutting edge efficiency solutions by accurate tracking of energy generation, distribution and use across the vessel.