Investigation of energy efficiency and environmental effects on valuation for bulk carriers
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CitationKoray, M., & Sogut, M. Z. (2021). Investigation of energy efficiency and environmental effects on valuation for bulk carriers. International Journal of Global Warming, 25(3-4), p. 353-365.
Dry cargo vessels consume high energies. Despite the low freight rates, shipowners have to operate their ships in compliance with eco-friendly regulations. The study aims to determine dry cargo vessels' valuation considering energy efficiency and environmental effects. Average energy performance regarding fuel consumption for 30 voyages was calculated as 31.54% within the study. A one-degree temperature reduction in this load distribution was found a 5.27% savings, with 510.31 tons. Accordingly, it is concluded that the ship's value increased to 1.4 million USD at the end of its economic life.