Cargill, Mitsui and Maersk Tankers sign first customers to Njord

A new venture called Njord launched by Cargill, Mitsui and Maersk Tankers in 2019 to offer ‘green’ technological services to the maritime sector has secured its first customers.

The companies say they have signed contracts with five ship owners and expect to enter more partnerships in the near future.

Njord was introduced by the three companies to combine their technical and operational expertise to offer a combination of energy saving devices targeted at lowering vessel emissions for shipowners and operators, with the trio having spent the last few years trialling both existing and new fuel-saving technologies on the fleet they jointly own, manage or charter.

The Njord service includes access to a team to assess a vessel’s optimisation potential, design the systems required and assist in implementation. Access to financing is also available.

Customers can choose to take this whole package or select some of these services depending on their needs, the companies said.

“Njord is part of our work to pioneer and scale solutions to decarbonise shipping – and it has the potential to deliver significant value to shipowners and the environment,” explained Frederik Pind, Head of Decarbonisation at Maersk Tankers.

“It closes the tech and incentives gap by linking industry players through operational expertise and financial inducements, making it a valuable offering in an otherwise fragmented industry.”

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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