Speed & consumption

At Euronav a systematic approach towards monitoring the propulsion efficiency evaluating possible improvements in order to reduce the fuel oil consumption and hence the CO2 emissions is applied.

In 2009, along with other major actors of the shipping industry, Euronav joined a working group initiated by one of our major customers assisted by a weather routing company. The group works on a green charter party aiming to combine commercial and environmental benefits by reducing speed whenever necessary in order to not only reduce costs but also minimise emission.