Information verification statement

Det Norske Veritas AS (DNV) has conducted a limited assurance third-party verification of the direct greenhouse gas (GHG) emissions from WWL Ocean Transportation in 2014.

During the verification, nothing has come to our attention that causes us to believe that the GHG emissions set out in the WWL Ocean Transportation GHG Inventory for 2014 and published in the 2014 WWL Environmental and Social Responsibility Report are not fairly stated.

Relative CO2*

 
*Important: previous years’ results have been restated in the above.

WWL’s objective is to reduce our relative CO2 emissions 30% by 2015 compared to 2005. This is an ambitious objective, which is largely dependent on market forces beyond our control that affect optimal loading and operation of the vessel. To date we have been able to reduce CO2 per unit transported by 19.99% since 2005. One year out from our target, with a recovering market and the arrival of new vessels, we expect an improvement compared to this year in 2015. However, it remains uncertain if the objective of 30% is achievable.

Despite improvements in the technical and operational efficiency of the fleet, in 2014 relative CO2 performance continued at a similar levels as the previous year (+1.40% on 2013) reflecting a continued weak and fragmented market, resulting in a less that optimal mix  and quantity of cargo.

Total CO2

 

In 2014 the total CO2 emissions of WWL’s ocean operations fell by 9% to 2,041,906 tonnes. This stable CO2 result relative to 2013 reflects the fact that the amount of cargo work carried out over the year was also similar to 2013.

Average Sulphur content

 

For the 11th year in a row, we have maintained our 1.5% global fleet average sulphur policy, coming in at 1.49 % in 2014.

Sulphur emission savings

 

Cumulative savings in SOx emissions due to our voloutary low sulphur policy have now reached 218,342 tonnes. This represents the amount of sulphur emissions avoided by operating on fuel with lower sulphur levels than required by law.

Average relative NOx emissions*

*Main Engines of WWL fleet

Average relative NOx emissions in g/kWh continued on a downward trend with a 7.4% reduction. The positive trend in relative NOx emission was driven by the recycling of some older tonnage with weaker NOx performance.  The trend will continue in 2015 due to the introduction of the HERO vessels to the fleet.

 


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