In TradeWinds’ special report on the year ahead in decarbonisation, shipowner’s chief executive explains how newbuildings will add to emissions cuts of younger fleet after sales of older vessels
Atlas Maritime recognises the need of decarbonisation and will actively join the global effort to achieve lower emissions. Our mission is to keep up to date, invest and scale up the new technologies, setting a clear example to the industry to make those investments in the near future. However, the transition to zero emissions cannot happen overnight.
The company has modernised its fleet by selling five older vessels and replacing them with five super-eco newbuilding aframaxes. We have reduced the average age of our fleet from 14.3 to 4.3 years old, which is seven years below the industry average.
Our five newbuilding vessels, built at Daehan Shipbuilding in South Korea, will enable us to reduce fuel consumption and emissions by 30%.
We will have a higher efficiency ratio of 22%, as well as a reduced Carbon Intensity Indicator (CII) of 6.4%, when compared to our older vessels that we sold this past year.
Atlas Maritime considers this to be a significant commitment towards meeting all of the new regulations. We will comply with all of the Environmental Efficiency Design Index phase 2 and CII requirements at the International Maritime Organization. Our vessels are equipped with highly efficient, super-eco engines of the latest technology.
Our new vessels will be LNG dual-fuel ready, with the relevant notation from ABS. They are designed with all the specs, features and design characteristics that make them suitable for dual-fuel LNG or any other fuel conversion in the future, including biofuels, methanol and ammonia (with the appropriate retrofits).
When our vessels use LNG as fuel, this will further reduce the carbon intensity by 24%. This will enable us to fully comply with the 50% reduction in carbon intensity by 2030.
We are proud to be contributing towards building a better future. We have taken bold steps, and have worked hard, to create a positive impact that will reduce emissions, leaving our “eco- friendly” footprint.
Our legacy: a better future and a cleaner planet for our children, and the next generations to come.
