COSCO Europe Reduces Fuel and Emissions Costs

In the four years since its coating with Jotun’s Hull Performance Solutions (HPS) system, COSCO Europe has reached new heights of efficiency, cost control and environmental performance. Figures released by Jotun today show that the 2008-built, 10,062 TEU container ship has sliced fuel costs by USD 4.5million and reduced CO2 emissions by some 29,500 tons (against market average figures), giving it market leading hull performance.

Mr. Hou, Deputy General Manager of COSCO SHIPPING Lines states, “As a company we are committed to delivering optimal value for all our stakeholders and the best environmental performance for our fleet, which forms a key link in the global supply chain. HPS has proven that it helps us meet these demands, enabling market leading hull performance and unlocking significant fuel and emissions savings.”

“We are dedicated to upholding the highest standards across the long-term for our customers. Jotun’s development of the HPS antifouling and measurement system shows that it shares those same values. We look forward to further collaboration, and efficiencies, in the future.”

HPS combines Jotun’s advanced SeaQuantum X200 antifouling, enhanced technical service, performance analysis according to ISO 19030 and a high performance guarantee. The coating limits the growth of organisms on the hull – minimizing frictional resistance - while the analysis and guarantee ensure measurability and accountability. This combination provides a comprehensive insight into both return on investment (ROI) and on-going environmental efficiency.

“HPS has now been applied to over 400 vessels worldwide since its launch in 2011,” comments Mr. Alfie Ong, VP Jotun Marine Coatings. “As we get more and more long-term data from the system, which is the first solution of its kind to measure performance in line with ISO 19030, we get the hard evidence to prove what we already knew – namely that HPS delivers the cleanest hulls, highest efficiency and best environmental performance on the market.

“More and more key global shipping players, such as COSCO SHIPPING Lines, are recognizing the power of this proposition. They understand that an investment in HPS is ‘low hanging fruit’ when it comes to optimizing hull performance and delivering long-term value for their vessels. We’re delighted to be able to provide documented proof of such impressive savings for them.”

Ong notes that the ship, which received the HPS treatment at Zhou Shan COSCO Shipyard in October 2012, has so far recorded a speed loss of just 0.76% (measured to ISO 19030). This compares to a market average of 5.9% for vessels treated with standard antifouling solutions.

COSCO SHIPPING Lines is expected to announce further vessel agreements with Jotun, a global leader in marine antifouling coatings, in the coming months.