“Many shipowners can reduce their fuel cost by 10%. Emissions to air can then be reduced correspondingly and the shipowner’s bottom line will be improved – both achieved by a systematic focus on fuel efficiency,” says Tor E. Svensen, Chief Operating Officer of DNV Maritime.

COO of DNV Maritime, Tor E Svensen.

Through studies, testing and a systematic approach, DNV and Norwegian shipowner Stolt-Nielsen have initiated these results – a win-win situation for both the shipowner and the environment.

A 10% saving on fuel will reduce the shipowner’s costs and increase its bottom-line figures.

For example, a 10% reduction in NOX emission of one single VLCC will reduce the ship’s NOX emissions by 400 tonnes a year – the same amount as that emitted by 10,000 cars.

Date: 2006-08-25