U.S. international trading company Cargill Inc on Wednesday (2 September) invested in ZeroNorth and committed its entire operated fleet to using the Optimise software to reduce CO2 emissions through digital technology.
ZeroNorth, the recent spin-off from Maersk Tankers, helps vessel owners and operators in the tramp shipping industry to reduce CO2 emissions and optimise earnings through its software Optimise, it explained.
The collaboration will support ZeroNorth in further developing its offering and growing its customer base to just under 1,000.
“By using the quantitative data approach on vessel performance, Cargill’s customers will benefit from reduced CO2 emissions and bunker consumption,” said Jan Dieleman, Business Leader for Cargill Ocean Transportation.
“Reducing CO2 emissions through improved vessel performance is a critical part of our business and we recognise the value of collaboration with fellow industry leaders to achieve this.
“By partnering with ZeroNorth, we will combine Cargill’s experience in chartering and trading with ZeroNorth’s expertise in software engineering.”
In June 2020, ZeroNorth announced it was looking for a new investor alongside Maersk Tankers to grow and develop the company into an industry-wide platform for the global tanker and dry bulk fleet, it said.
As an investor, Cargill added it will play an active role in shaping the company’s strategic direction. Cargill has been a customer since 2019, testing the Optimise software on part of its chartered fleet.
“By having Cargill onboard as a large-scale customer and investor we are taking yet another step towards digitising the tramp shipping industry to make a positive impact on the climate,” said Soren C. Meyer, CEO at ZeroNorth.
“We are excited to have Cargill and Maersk Tankers, two industry leaders, as both owners and customers of ZeroNorth. They share our commitment to leading the industry to a more sustainable future and we will harness their insight to deliver value for our customers, and for the industry as a whole.”
Cargill notes that the agreement is subject to antitrust review and approval.
Photo credit: Zero North
Published: 3 September 2020
Vessels could enjoy substantial savings on fuel if they were better informed about berth availability.
Corporate partners for the startups are Cargill, Inc., DNV GL, Hafnia, MC Shipping Ltd, Royal Dutch Shell, Vale S.A., and Wilh. Wilhelmsen Holding ASA.
ICCT report indicates the predominantly-methane-based LNG marine fuel traps 86 times more heat in the atmosphere than the same amount of CO2 over a 20-year time period.
To fund LNG-fuelled ships, LNG bunkering vessels, ballast water treatment equipment, and SOx scrubber projects.
‘We will continue to review and adopt a multi-pronged approach to uphold Singapore as a trusted and quality bunkering hub,’ states Chee Hong Tat in opening address.
The “most advanced” hybrid powertrain will offer the vessels capabilities not available on any other PSVs in the Americas.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
