Sustainability actions
Energy efficiency and transition
The shipping industry is responsible for approximately 3% of global anthropogenic greenhouse gas (GHG) emissions, making it a contributor to climate change and a central actor in the energy transition. As a global actor in the industry, Ultranav recognises both the environmental impact of its own operations and the broader responsibility it holds in advancing decarbonisation, and supporting a just and equitable transition for the sector.
Decarbonisation actions
We employ the use of six levers to reach our climate targets:
1. Energy on board
Tank-to-wake emissions reductions through energy efficiency measures, leveraging operational best practices and technical improvements on board – customised to our diverse business units.
2. Industry collaboration
Active cooperation, partnerships, and knowledge co-creation with key stakeholders on topics that can support decarbonisation of the shipping industry.
3. Culture
Fostering a unified culture of understanding and ownership of our decarbonisation goals, ensuring that climate action is embedded in daily decisions and practices across Ultranav.
4. Transparent reporting
Emissions are measured, calculated and transparently reported on, based on recognised protocols and standards, and centralised in a consistent and auditable manner.
5. Regulations
Active participation in local and global forums, supporting regulations which promote the reduction of GHG emissions in a just and equitable manner.
6. Pathway to Zero
Adoption of alternative fuels that achieve net-zero emissions on a full lifecycle basis (well-to-wake), and targeted investments in emerging technologies.
invested to date
In installation of energy saving devices
Autologging systems
Installation of systems to monitor propulsion efficiency, fuel consumption, navigational parameters, and relevant machinery.
Ammonia-ready dual-fuel vessels
Ultratank has secured two long-term charters for vessels with ammonia-ready dual-fuel capabilities.
Industry collaboration memberships
Member of Getting to Zero Coalition, Danish Shipping, Chilean shipowner association – Associación Nacional de Armadores, and Green Ship of the Future.