The Global Centre for Maritime Decarbonisation (GCMD) has inked a deal with Olympic Shipping and Management SA (OSM) that sets to accelerate shipping
The Global Centre for Maritime Decarbonisation (GCMD) has inked a deal with Olympic Shipping and Management SA (OSM) that sets to accelerate shipping decarbonisation across geographies.
This is the first Greek shipowner partnership GCMD has made. It will be a five-year collaboration that will see shipowner and manager provide a contribution of an undisclosed amount towards GCMD’s projects as well as in-kind contributions in terms of technical expertise and data and access to assets for trials and pilots.
“Onassis Foundation-controlled OSM is the first Greek ship owner and manager to come onboard GCMD as a centre-level partner,” OSM’s current fleet comprises 18 crude oil tankers. As an impact partner, OSM will provide a cash contribution towards pooled resources for GCMD’s projects as well as in-kind contributions in terms of technical expertise and data and access to hard assets in support of GCMD’s existing trials on drop-in green fuels and shipboard carbon capture and new pilots in the pipeline,” says a release from GCMD.
Decarbonisation
George Karageorgiou, President and CEO of Olympic Shipping and Management, said: “Actions are necessary to accelerate the pace of the global energy transition and the decarbonisation of our industry. Actions are better accommodated and achieved through synergies and collaborations. We feel therefore honoured to join forces with GCMD, the global centre that supports its members to meet or exceed the IMO goals.”
“We are very happy that Olympic Shipping and Management will join the Global Centre for Maritime Decarbonisation. The Onassis Foundation actively supports the aim of Olympic to reach zero carbon on its fleet by 2050 as well as sustainable and responsible shipping,” said Antonis Papadimitriou, President, Onassis Foundation.
Lynn Loo, CEO, Global Centre for Maritime Decarbonisation, adds: “The Onassis-Olympic Shipping Group brings a recognised Greek brand to the forefront of the global decarbonisation agenda. GCMD’s goal to benefit the maritime sector is aligned with that of the Onassis Foundation to benefit the public. We are proud to have OSM join us as an impact partner and are hopeful that this marks the beginning of greater collaboration with the Greek shipping community.”