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HOW SHIPOWNERS CAN STAY AHEAD OF THE GREEN TRANSITION
To illuminate the path forward, Njord host's a live event titled 'How Shipowners Can Stay Ahead of the Green Transition Using Technology'.
This comprehensive event aims to provide shipowners with valuable insights to thrive in the industry while addressing environmental concerns, enhancing operational efficiency, mitigating risks, seizing market opportunities, embracing digital transformation, fostering sustainable practices, and unlocking financing opportunities.
The live event focuses on how ship owners can stay ahead of the green transition using technology.
The event is hosted by Njord in Copenhagen, with speakers Frederick Pind, the Managing Director of Njord, and Steen Jacobsen, the Technical Director of Njord.
The event provides insights and actionable strategies for businesses to adopt energy-saving devices and navigate the challenges of decarbonization in the maritime industry.
Frederick Pind starts by introducing Njord and its ambition to accelerate greenhouse gas reductions in shipping through green technology.
Njord, a partnership between Maersk Tankers, Mitsui, and Cargill, works with owners and charterers to identify and implement the best-suited technologies for their vessels.
Frederick emphasizes the importance of technology in the green transition, citing a study that shows a 50-50 split between efficiency improvements and the use of new green fuels in achieving zero emissions by 2050.
He debunks several misconceptions, including the belief that energy-saving devices (ESDs) can only be deployed during dry docks. In reality, most technologies can be installed while vessels are in operation.
Frederick highlights the value of improving the Carbon Intensity Indicator (CII) rating, as it is increasingly considered by charterers during vessel selection and can also affect resale value. He emphasizes that ESDs, when combined strategically, can lead to significant savings for ship owners.
Waiting to implement technologies is discouraged, given the lead times and the competitive advantage of early adoption.
Financing options for retrofit solutions are also discussed, with several financial institutes offering such options.
Steen delves into the complexity of selecting and applying green technologies in combination to derive maximum benefit.
Njord works with over 30 different ESDs and upgrade solutions, ranging from LED lights and variable frequency drives to more novel technologies like air lubrication systems and wind-assisted propulsion.
On average, a 7% to 16% savings can be achieved by combining approximately nine technologies per vessel, with payback periods ranging from one to two years.
The event concludes with a Q&A session, providing an opportunity for participants to delve deeper into specific topics.
Overall, the event highlights the importance of technology in achieving a greener future for the maritime industry and provides practical insights for ship owners and charterers to navigate the transition effectively.
