Joint study focused on feasibility of installing technologies associated with Aquarius MRE onto existing and new ships

Fukuoka, Japan – 21st March 2018 – As part of its continued focus on bringing renewable energy solutions to shipping, Eco Marine Power (EMP) announced today that it has signed a Memorandum of Understanding (MOU) with Star Bulk S.A. (Star Bulk) covering a joint study project focused on the feasibility of using EMP’s technologies on existing and new bulk carriers.

Star Bulk and EMP Sign MOUStar Bulk and EMP Signing MOU in AthensThe joint study between Star Bulk and EMP will cover engineering issues related to how various equipment including solar panels, batteries and other devices can be installed on existing and new ships. The study will also estimate the amount of power that can be provided via renewable energy along selected routes and for specific ship types.  Fuel Oil Consumption (FOC) and emissions savings will also be calculated and issues related to safety and ship operations such as cargo handling will be considered.

Teramoto Iron Works Ltd., and The Furukawa Battery Co., Ltd.,  will also be involved during certain stages of the study to assist with resolving issues such as best options for installing batteries on ships utilizing both customized battery frame kits and also self-contained marine battery housing modules. The self-contained marine battery housing modules are suitable for a range of battery technologies including the UltraBattery® from Furukawa Battery. This innovative hybrid battery technology has been approved for use on ships by ClassNK (Nippon Kaiji Kyokai) and is ideally suited for both land & marine renewable energy applications.

The joint study project between Star Bulk and EMP is scheduled to be conducted over a period of two years.

About Eco Marine Power

Eco Marine Power Co. Ltd. (EMP) is an internationally focused technology company that develops renewable energy based fuel saving and emission reduction solutions for ships including passenger ferries, survey ships, oil tankers and cargo vessels. These technologies include the EnergySail®, Aquarius MASTM and Aquarius MRE®. EMP also develops sustainable ship concepts that incorporate the latest renewable energy technologies and is currently working on a number of design projects including Aquarius Eco Ship and Aquarius Unmanned Surface Vessel (USV). The company is based in Fukuoka, Japan.

To read more about Eco Marine Power please visit: www.ecomarinepower.com

About Star Bulk

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Select Market under the symbol "SBLK". On a fully delivered basis, Star Bulk will have a fleet of 74 vessels, with an aggregate capacity of 8.2 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 52,055 dwt and 209,537 dwt.

Media Enquiries

Media contact at Eco Marine Power

Greg Atkinson

Director & Chief Technology Officer

Phone: +81 92 287 9677

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media contact at Star Bulk

Zenon Kleopas

EVP & Technical Director

Phone: +30-210 6178400

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

or

George Mantalos

Technical Manager

Phone: +30-210 6178400

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


         
 

 
 
 
 
 
 
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Hybrid marine power solutions including solar power save fuel, reduce pollution and are cost effective. Eco Marine Power is at the forefront of developing low emission & fuel saving solutions for ships, Our computer systems also provide a control interface between renewable energy & other systems on-board ships.
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Eco Marine Power is at the forefront of providing innovative marine renewable energy technologies for shipping that harness the power of the sun & wind. These solutions include Aquarius MRE, EnergySail & Aquarius Marine Solar Power. These reduce fuel consumption, lower noxious gas emissions and deliver cost benefits.
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Aquarius Management & Automation System or Aquarius MAS is a cost effective alarm handling, monitoring & data logging platform suitable for a wide range of ships. The system is based upon the reliable KEI 3240 Data Logger and is class approved. Aquarius MAS can also monitor fuel use & calculate vessel emissions.
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Our design & consulting services include green ship & eco ship concept designs, renewable energy surveys, renewable energy systems design & consulting support for new ship and retrofit projects. We work with ship owners, ship managers and ship yards to develop the right renewable energy solution for their needs.
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