Navigare Capital Partners has entered into a new agreement with NJORD, a green technology business venture launched by Cargill, Mitsui and Maersk Tankers, which will see NJORD design and install a package of fuel-saving technologies on four Navigare-owned vessels.

The NJORD team will design and install a custom-made set-up for each of the ships, selecting from a portfolio of more than 15 technologies to optimise each vessel’s fuel performance. The goal is to achieve fuel and emission reductions of between six and 14 per cent per vessel on an annual basis, the new partners said.

As a first step, Navigare Capital Partners’ fleet of more than 20 vessels was screened to identify the fuel reduction potential. Following an analysis of the results, both parties decided to proceed with the first four vessels, one very large crude carrier and three container vessels.

“Aligned with our target of reaching net zero in 2050, and to ensure we are on the right trajectory, we will initiate a number of technological initiatives already at this stage,” said Mads Svensson, Technical Director, Navigare Capital Partners.

“With the perspective of our entire fleet, managed by several technical managers, we found it useful to take a similar approach across the fleet to streamline the process. Therefore, it was beneficial to engage with the NJORD team and gain from their experience to optimise our vessels.”

“With the best combination of green technologies installed on our fleet, at the timings we choose, it will enable us to keep our portfolio on trajectory towards a greener future.”