An innovative financing model, the “Save As You Sail” (SAYS), has been developed by the finance workstream of the Sustainable Shipping Initiative (SSI). The scheme is designed to share the fuel cost savings from investing in retrofitted energy-saving technologies between the ship owner, the time charterer and a finance provider. The scheme can be used to finance the retrofit of any technology, subject to the agreement of the owner, charterer and finance provider. SSI members AkzoNobel and Wartsila are ready to supply their products for use in the pilot.
To find out more about the SSI’s finance workstream click here. To read about SAYS in Lloyd’s List click here.