The Global Centre for Maritime Decarbonisation (GCMD) and Olympic Shipping and Management SA (OSM) have signed an Impact Partnership Agreement, committing to a five-year collaboration to accelerate shipping’s decarbonisation across geographies.
Onassis Foundation-controlled Greek owner 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.
‘Actions are necessary to accelerate the pace of the global energy transition and the decarbonisation of our industry’, said President and CEO of Olympic Shipping and Management S.A., George Karageorgiou. ‘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. Excited to join the group and work with such a diverse range of knowledge and expertise for viable and sustainable solutions’.
Greece accounts for around 17.6% of global shipping, and is dominant in bulker, tanker, LNG and LPG segments, meaning it is crucial that the Greek shipping community is involved in decarbonisation conversations.
Antonis Papadimitriou, Onassis Foundation President, commented: ‘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’.
Professor Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation, added: ‘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’.
