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Liberian Registry launches green ship initiative

LNG Industry,

The Liberian Registry has launched a new initiative to help shipowners reduce their environmental footprint, for example converting ship engines to run on LNG.

Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), explained: “The Liberian Registry is an environmentally aware and responsible maritime administration. We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities. Our aim is to ensure that Liberia remains the greenest fleet afloat.

“The Liberian administration welcomes any new technology and ship designs which improve operational efficiency and lower ship emissions to the atmosphere, including greenhouse gases.”

Environmental initiative

The Liberian Registry recently entered into a partnership with EfficientShip Finance (ESF) to launch an environmental initiative designed to reduce global carbon emissions, enhance fleet efficiency and competitiveness, and promote a greener Liberian fleet.

The registry is also offering special tonnage tax discounts for ships participating in this green initiative. Each ship in the programme will be entitled to a 50% tonnage tax discount in the first year, and up to a 25% discount in both the second and third years.

Commenting on the initiative, Christian Mollitor, LISCR Vice President, said: “This represents a great opportunity for owners with ships delivered prior to the eco-boom to have their ships retrofitted with proven fuel-saving technologies. This is yet another example of Liberia’s innovative approach to help its shipowners to keep their lead in an increasingly competitive environment.”

LNG engines

For ships trading within Emission Control Area (ECA) zones, the programme may include the installation of exhaust scrubber systems or the conversion of engines to LNG dual-fuel, to comply with emissions requirements that came into effect on 1 January 2015.

Oliver Petrakakos, COO of ESF, concluded: “The Liberian Registry is the perfect partner for the implementation of this fuel-saving model, given its continuous emphasis on managing a high-quality fleet. ESF is committed to helping LISCR’s fleet continue to be green pioneers, while increasing the market competitiveness and strength of its owners.”

Adapted from press release by Katie Woodward

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