The goal of this cooperation is to prove that it can make economic sense for both owners and charterers if they work more closely together to make vessels more fuel efficient, thus demonstrating that sustainable shipping can also be commercially viable.

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As a first step, the partnership will focus on testing and trials of proven technologies on ships under their command, with work already conducted with several owners to invest in and install energy saving devices on board ships under their charter.

Such projects involve measures to enhance vessel performance by sharing and using data from the vessel, along with weather routing, as well as mechanisms that enable the benefits of improved performance to be shared by both owner and charterer. In addition, the collaboration will explore new technologies that could transform maritime emissions in the long-term.

The collaboration has a long-term objective of providing “over-the-shelf” solutions for maritime industry actors looking to explore new technologies to reduce their emissions.

Maersk Tankers has extensive knowledge and experience in testing a wide range of technologies that can drive fuel efficiencies. This collaboration represents an opportunity to share this knowledge with others and to deploy these technologies in a larger fleet. Through that, we can accelerate the impact on reducing GHG globally

stated Tommy Thomassen, chief technical officer at Maersk Tankers.

Cargill will provide access to its fleet, along with operational experience, while Maersk Tankers will bring innovation on product tankers, aiming to improve technical performance. As for Mitsui & Co., it will offer vessel construction and trading advice to provide the new technologies and solutions to the shipping industry that this collaboration will explore.

Takuya Shirai, general manager of the ship business division at Mitsui & Co., added:

The collaboration will contribute to the sustainable growth of the shipping industry, whilst promoting a more environmentally conscious society