The Greek fleet holds the key to decarbonising the shipping industry, said green tech business Njord as it opened a new office in Athens.

Njord, a joint venture between Cargill, Maersk Tankers, and Mitsui, has contracts with more than 30 owners to devise plans to cut emissions with about a third of them in Greece.

“The Greek fleet, which forms such a large proportion of the global fleet, is key to decarbonising the industry,” says Frederik Pind, Managing Director at Njord.

“We are seeing a great willingness on the part of Greek shipowners to invest in energy-saving technologies, with most owners already harnessing technology to cut emissions.

“By establishing a physical presence in Athens, we can help owners intensify their efforts.”

The Greek office will be managed by Panayotis Bachtis, who worked for Danish vessel optimisation platform ZeroNorth for the last two years, according to his LinkedIn profile.

Njord works with owners and charterers in tanker, dry-bulk, container and gas shipping to build a package of measures to save energy and reduce emissions.

It is currently working with Copenhagen-based Navigare Capital Partners to retrofit a VLCC and three container ships to cut emissions by an estimated six to 14% per vessel, Pind said last year.