Climate Action Plan

Short-term Plan

We will reduce emissions by 45% by 2030

Our short-term focus is on existing vessels and minor technical upgrades. We will use solutions like correct coating on vessel hulls and decision support systems onboard and in the office. The fleet will undergo major upgrades, with modifications of bulbs and propellers.

The plan is based on careful analysis of how we operate today, and which areas have the greatest potential for improvement.

Artificial intelligence will help us

Today, we have a monthly fuel report for our vessel operations, but no insights as to what is behind the numbers. Our crews and their shore-side support teams need better information on how they can operate in a more fuel-efficient way. For this, we will use a tool based on artificial intelligence (AI) that will monitor our vessel operations. This data will inform us about where we have excessive fuel consumption, both on routes and on individual vessels. The tool will give the crews qualified directions on what is the right speed and real-time advice on which route will help the fuel on board last longer. After a crossing, there will be a report on what the crew has done well in terms of consuming fuel, and where they can improve.

Promising results with methanol

We plan to introduce small amounts of methanol in the existing propulsion machinery on many of our vessels, in the four-stroke engines that make up the majority of our fleet. Together with onsite-produced hydrogen, we will inject the methanol into combustion chambers, replacing up to 10-15% of the heavy fuel oil needed to fuel the same voyage today. This technology is still under development; we have done initial testing and the results look promising.

Through doing this, we hope to be able to push the market demand for sustainable fuels like green methanol, one of several fuel sources we continue to investigate. This could have a positive ripple effect on the development of green fuel production nationally and internally.

Improving existing fleet

Improving the hulls, coating, and shaping of the propeller curves will help our vessel sail in a more fuel-efficient manner. We have also identified necessary actions such as fleet replacement and environmental upgrading, optimizing the vessels' hydrodynamic performance to reduce friction in the water, and improving decision support systems to help crews and shore-side support teams operate on low energy consumption.