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Greenhouse Gas (GHG) Reduction Initiatives

To contribute positively toward the reduction of global GHG emissions, Chronos continues on a phase of renewal and improvement of the fleet, focusing on fuel efficient engines and hulls, energy-saving devices and reduced fuel consumption.

We are actively upgrading our vessels’ engines and other vessel systems to meet timely the IMO amendments to MARPOL Annex VI, adopted by MEPC 76 to implement the EEXI as a technical approach and the CII as an operational approach, to achieve the short-term measures to cut carbon emissions from our ships.

Currently, reduction of fuel consumption is achieved primarily by ‘slow steaming’.

Additional reductions of CO2 and other GHG emissions are derived from keeping the hull and the propeller clean, as well as with the use of certain fuel combustion enhancers.

We have also embarked on an extensive decarbonization and fuel-consumption reduction process: a “Green Partnership,” in collaboration with Maersk Tankers A/S, which encompasses the installation of permanent energy-saving devices on our vessels (Njord Green Tech Solution). Fuel consumption may be reduced by up to 16%, depending on the vessel and the technologies utilized.

Alternative fuels (ammonia, methanol and hydrogen) are being considered by the shipping industry and they will be more widely introduced as and when the required technology becomes available in the market.