A landmark owner-charter clean technology retrofit collaboration that was undertaken by shipowner Hammonia Reederei and charterer Intermarine has received Business Green’s prestigious Energy Efficiency Project of the Year award.
Judges were reportedly impressed by the deal’s ambition for 25 per cent fuel savings using multiple retrofit technologies on three vessels, and the unique contractual agreement that shares the risk and the profits between a shipowner and its charterer.
Through the deal Intermarine agreed to award Hammonia an above market rate through an innovative retrofit clause in the charter-party agreement.
The execution of this project and application of a profitable model for ship energy efficiency retrofits was facilitated by a Carbon War Room (CWR) grant. CWR awarded Hammonia a USD 120,000 grant to retrofit the vessels Industrial Ruby, Industrial Royal, and Industrial Revolution with advanced performance-monitoring software in order to measure, verify, and publicise the fuel and carbon savings from the bundle of technologies. This will in turn provide best practice data measurement and sharing, increasing confidence in efficiency retrofits throughout the industry.
The efficiency technologies retrofitted included an optimised bulbous bow, an automated ballast and trim system, an improved rudder, and high-performance hull coating—all fitted during the ships’ standard drydock period.
Ship Efficiency Review News
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