Focus Areas
COOLCO’S FOUR KEY
SUSTAINABILITY FOCUS AREAS
Environment
Reduce GHG emissions from our fleet by operating responsibly to make commercial decisions that limit our environmental footprint. Clear focus on optimizing vessel performance to minimize fuel consumption and emissions. Adoption of latest technology when acquiring new vessels and dry-docking existing vessels.
Social
Prioritising safety and continuous learning, encouraging collaboration and a supportive workplace, and ensuring the wellbeing of people, communities, and the environment.
Governance
To maintain the highest standards of corporate governance, ethical conduct, cybersecurity, and whistleblowing practices throughout our organisation.
DECARBONIZATION STRATEGY
We have developed a decarbonization strategy centered on specific aspects of vessel performance within our control. These areas include:
A. Optimize vessel condition
Vessel Condition: In our effort to enhance environmental sustainability and optimize operational efficiency, we are committed to maintaining the highest standard of vessel condition. This encompasses, for example, regular inspections and maintenance routines for our engines, hull, and propellers, ensuring they remain in optimal working condition at all times.
Minimize Onboard Energy Consumption: We are dedicated to minimizing onboard energy consumption through various strategies. This includes optimizing the number of engines running at any given time and managing hotel load efficiently. By minimizing energy usage, we aim to reduce our environmental impact and promote responsible resource management within our operations.
B. Optimize vessel operations
Our masters, together with our operators and performance analyst, actively plan upcoming voyages to optimize vessel performance addressing CO2 emissions, methane slip and fuel consumption.
CoolCo also collaborates with charterers to optimize vessel routes, speeds, and fuel consumption. We aim to reduce emissions by encouraging the use of the safest and most energy-efficient routes.
Since 2022, CoolCo launched several collaborative pilot projects in partnership with some of our key charterers. These initiatives allowed us to explore innovative strategies and technologies to further enhance the safety, efficiency, and eco-friendliness of our operations, reinforcing our dedication to sustainable maritime practices.
C. Technical upgrade of vessel
Upgrading vessels to enhance energy efficiency and invest in CO2 and methane emissions abatement technologies.
As vessels become due for dry-docking, upgrading them with cargo reliquefaction and hull air lubrications systems to greatly improve environmental performance.
D. Next Generation LNG Carrier design
We are exploring future designs for next generation low-emission LNG Carriers with the goal of rendering them compliant with the IMO 2050 net-zero targets.
The designs are prepared for an array of upgrades and solutions that we expect to become available in the coming years.
Important measures that will improve
or impact our environmental performance
CO2 intensity
(AER) = 9.86
Enhance collaboration with Charterers for energy efficient operations
Existing Fleet
2024/25, Sub cooler upgrading on 5 vessels, ALS trialling and high end anti-fouling on all vessels
NextGen Carriers
2025 onwards, new generation design and placing of orders
35% reduction
in CO2 intensity
Enhance collaboration with Charterers for energy efficient operations
Existing Fleet
- Upgrading on remaining vessels with sub cooler and ALS
- CH4 abatement systems
- Less efficient 4-stroke carriers phase out, or FSRU conversion
NextGen Carriers
Delivery of 1st Next Generation carriers
CO2e WtW emissions
reductions contributing towards net-zero
Enhance collaboration with Charterers for energy efficient operations
Existing Fleet
- Older 4-stroke carries phase out
- 2-stroke carriers delivered after 2024, upgrade to latest technologies to reduce emissions and biofuel compatibility
NextGen Carriers
Upgrading to alternative power/CCS/alternative fuel or other feasible technologies
Significant TtW
emissions reduction
Enhance collaboration with Charterers for energy efficient operations
Existing Fleet
Consider further upgrading of 2-stroke carriers to net zero solutions
NextGen Carriers
Final fleet upgrading to Next Generation carriers to net zero solutions