Euroseas, a Greek owner and operator of container vessels, announced the successful implementation of several “energy saving devices” on its 6,350 TEU boxship Marcos V.
This strategic move aims to enhance fuel efficiency by approximately 25% within the vessel’s commercial speed range. The investment coincided with the ship’s scheduled dry-docking and special survey, with funding provided by the vessel’s charterer.
Concurrently, the charterer has exercised its option to extend the charter by a minimum of seven months until August 2025. Moreover, if the vessel is employed after the current charter period, the owners commit to refunding a portion of the costs to the charterer, capped at 50%.
The following devices were installed on the ship: a New bulbous bow, a new and lighter propeller, Hub vortex absorbed fins (HVAF), Pre-shrouded vanes (PSV), Silicone coating of the ship’s underwater parts, LED lights, Autopilot upgrade with advanced ecology control and a Jacket pre-heater auto control.
“We are pleased to announce the completion of retrofits for our M/V Marcos V, continuing our retrofitting program, as part of our efforts to minimize the carbon footprint of our fleet. As in the case of the recent retrofit of M/V Synergy Busan, we cooperated closely with the charterer to specify and fund the modifications of the vessel and share the economic benefit from the improved performance,” commented Aristides Pittas, chairman and CEO of Euroseas.