Cargill, Maersk Tankers and Mitsui join forces to identify cost-effective ways for shipping to slash carbon footprint

Cargill, Maersk Tankers and Mitsui & Co have established a strategic collaboration to try and identify cost-effective ways for shipping to reduce the amount of greenhouse gases (GHGs) it emits.

Initially, the partnership will focus on testing and trials of existing proven technologies on ships under their command, with work already underway with several owners to invest in and install energy saving devices onboard vessels under their charter. These projects will involve measures to optimise vessel performance by sharing and using data from the vessel in conjunction with weather routing, as well as mechanisms that enable the benefits of improved performance to be shared by both owner and charterer. In parallel, the collaboration will explore new technologies that could potentially transform maritime emissions in the long-term.

Maersk Tankers is one of the pioneers in shipping trialling out new wind propulsion technology at the moment.

Takuya Shirai, general manager of the ship business division at Mitsui & Co, said, “The collaboration will contribute to the sustainable growth of the shipping industry, whilst promoting a more environmentally conscious society.”