Dutch shipbuilder Damen Shipyards has received a contract to provide fuel-saving and emission-reduction technologies for bulker retrofit project.
As informed, Damen, together with project partners Atal Solutions and BAM Shipping, will undertake the retrofit of four bulk carriers by integrating eight different technologies. Meanwhile, Atal will provide a supplier’s credit amounting to $105.2 million, requiring vessel owners to provide 15% equity.
Following this, the bulk carriers are anticipated to consume at least 20% less fuel and reduce up to 99% of greenhouse gas (GHG) emissions, the partners highlighted.
According to Damen, the increased efficiency paves the way for these and other existing vessels to sail in compliance with recent regulations such as the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII).
Additionally, the reduced OPEX of the vessels is expected to yield a rapid return on investment.
As a further benefit, the overhaul is anticipated to increase the vessel’s lifecycle by a further ten years.
The project is currently being implemented and is expected to be realized by Q1 2025.
To remind, Damen recently entered into a cooperation with French shipping heavyweight CMA CGM that will result in around ten of the latter’s vessels receiving significant modifications.