We have launched an extensive fleet renewal program, selling our old and less fuel-efficient vessels and investing in state-of-the-art newbuilding vessels. The orders for newbuild vessels were placed in top quality Japanese Shipyards. These vessels will have hydrodynamically optimized hull forms and will be equipped with energy efficiency devices to meet the requirements of EEDI, Phase 3. Moreover, they will be IMO NOX Tier III compliant, equipped with NOx abatement technologies such as Selective Catalytic Reduction (SCR) or Exhaust Gas Recirculation (EGR).
Further to our fleet renewal program, we are also assessing potential retrofits that could upgrade our existing fleet in terms of fuel efficiency. To this end, we cooperate with key industry players to carry out assessment studies and decide which technology is best suited to our vessels. Some of the technologies we are evaluating are:
– Alternative fuels and biofuels
– Wind assisted propulsion
– Wake equalizing ducts
– Propeller boss cap fins
– Dynamic biofilm protection
– Ultra-low friction antifouling coatings
– Variable frequency drives in pumps
– Voyage performance optimization