Seanergy Maritime Forms Strategic Partnership for Sustainable Alternative Fuels (SAFs) Project

Seanergy Maritime Holdings Corp. has achieved a strategic partnership with the European Union Funded SAFeCRAFT Project Consortium, becoming the first Greek-based shipping company to do so. The project aims to demonstrate the safety and viability of Sustainable Alternative Fuels (SAFs) in seaborne transportation, with a focus on accelerating the adoption of SAFs technologies. Seanergy will provide one of its existing Capesize vessels to be retrofitted to utilize hydrogen as the main energy source for electric power generation, reducing reliance on conventional fuels.

The project, which has a duration of 48 months starting from December 2023, will be co-funded by the consortium partners and the European Union’s key funding program for research and innovation, the “Horizon Europe” program. The partnership aligns with the FuelEU Maritime 2040 targets and aims to achieve a 26% reduction of CO2eq in an existing vessel. The company’s Chairman & Chief Executive Officer, Stamatis Tsantanis, highlighted the significance of the partnership and the company’s commitment to global ESG objectives.

Vasileios G. Petousis, the Company’s Energy & Sustainability Manager, emphasized the company’s dedication to pursuing advanced operational and technical initiatives that place Seanergy at the forefront of a greener maritime industry. The partnership involves a collaboration of world-renowned stakeholders, including classification societies, engineering and industrial firms, the academic community, and the European Union, with the aim of developing green solutions for the existing fleet.

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