July 7, 2016 - 1:30 AM EDT
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Press Release - EURONAV looks to Jotun's Hull Performance Solutions for lower emissions and enhanced fuel efficiency

Athens, Greece 7th of July 2016: EURONAV, one of the world's leading tanker owners and managers, has selected Jotun's Hull Performance Solutions (HPS) for two of its Suezmax vessels.

The agreement will see Samsung-built sister ships M/T "Cap Guillaume" and M/T "Cap Philippe" receive coatings of Jotun's advanced SeaQuantum X200 antifouling, alongside full suites of measurement sensors applied to their hulls. The applications, taking place at upcoming dry dockings at Keppel Shipyard in Singapore, will increase vessel efficiency, cut fuel costs and reduce CO2 emissions substantially compared to standard market alternatives.

Speaking of the decision to choose Jotun HPS, Theodore Mavraidis, Fleet Technical Manager at EURONAV, explains: "Optimising hull performance delivers clear environmental and business benefits, cutting emissions while enabling reduced fuel use and bunkering costs. This helps us provide the best performance and value for all our stakeholders.

"Jotun's HPS has been assessed as a very promising choice. Not only because of its coating technology, but also due to the team's expertise in determining hull performance and providing documented proof of effectiveness. This gives us complete insight into return on investment. We're looking forward to experiencing the long-term benefits of HPS over the coming months and years."

George Vranakis, Jotun Hellas' Marine Manager, says the unique HPS guarantee provides another compelling argument for EURONAV, and the rest of the industry, to choose Jotun.

He comments: "We work closely with our customers to monitor performance in accordance with the recently established ISO 19030 methodology. Our technology gives them an in-depth and real-time insight into hull performance, demonstrating the efficacy of our silyl methacrylate coating when it comes to keeping hulls clean and reducing speed loss.

"We also offer customers our High Performance Guarantee, whereby if we don't hit set performance targets we reimburse the cost of the HPS upgrade. That shows our total confidence in this solution, while giving shipowners complete peace of mind. In a market where cost control and accountability are increasingly important, it's a key point of difference."

Jotun and EURONAV signed the two-vessel contract after meetings at this year's Posidonia, where Jotun held a special seminar to update the industry on the arrival and implications of ISO 19030, which prescribes practical methods for measuring changes in ship-specific hull and propeller performance.

HPS launched to the market in 2011. Jotun recently released data for the first ever five year dry-docking of a vessel treated with the solution - Gearbulk's Penguin Arrow. This showed that, across the 60-month operational period, the vessel recorded a fuel saving of USD 1.5million, cutting CO2 emissions by some 12,055 tonnes.

Euronav is the largest NYSE listed independent crude oil tanker company in the world. The company is a vertically integrated owner operator and manager able to provide complete shipping services in addition to its fleet of modern large tankers. Fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SAS and Euronav SAS, both French companies with headquarters in Nantes, France and with a major branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Piraeus, Greece. The skills of its directly employed seagoing officers and crew and its shore-based staff, including captains and engineers, give Euronav a competitive edge in high-quality design, maintenance and operation. Euronav vessels fly Belgian, Greek, French, Marshall Islands and Panamese flag.

For more information visit www.euronav.com

About Jotun's Hull Performance Solution  
Jotun's HPS concept combines premium marine coatings (SeaQuantum X200), priority technical service and on-board monitoring tools to measure hull performance over time according to ISO 19030, providing an analytical basis for the company's unique money-back guarantee that covers the entire period between dry-dockings. HPS was developed in part to provide the industry with real time-data on long-term hull performance. That data allows owners to make more informed decisions about marine coatings and ship operations, and help them distinguish between competing coatings suppliers and quantify the impact of anti-fouling coatings on fuel usage.

For more information visit www.jotun.com/HPS 

Picture: Courtesy of EURONAV

Jotun Marine Coatings:
George Vranakis MSc.
Marine Manager - Jotun Hellas Ltd.
Office: +30 210 42 85 980/1/2
Mobile: +30 6944 436412
E-mail: [email protected]

Siri Moldestad Sanna
Global Marketing Communication Manager
Mobile: +4790132780
Office: +47 33457000
E-mail: [email protected] 




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Source: Equities.com News (July 7, 2016 - 1:30 AM EDT)

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