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Jotun COSCO Marine Coatings (Qingdao) Co Ltd. has announced that its has reached an agreement with COSCO Container to help the company reduce fuel costs and carbon emissions.

Under the terms of the agreement, Jotun will supply its 'Hull Performance Solution', which includes SeaQuantum X200 antifouling paint and a High Performance Guarantee, to a number of vessels scheduled for drydock in 2012 and 2013.

The first vessel to be upgraded will be the 10 000 TEU COSCO Europe scheduled for dry docking September 2012.

According to COSCO Container’s Deputy Managing Director, Mr Hou Liping, the agreement is consistent with COSCO Container’s comprehensive commitment to Sustainable Development, part of which involves taking active steps to reduce greenhouse gas emissions.

“After an extensive review, we have concluded that hull performance can play a very significant role in further reducing our fuel costs and greenhouse gas emissions,” said Liping.

“Jotun’s Hull Performance Solutions combines a high performance antifouling paint with a credible method for measuring delivered performance and a cash-back performance guarantee. This has enabled us to embark on an ambitious investment program aimed at improving hull performance across our fleet,” Liping added.

Jotun COSCO Marine Coatings’ President and General Manager, Mr Dong Zhaoming said the agreement with COSCO Container represents an important milestone in Jotun’s efforts to bring its hull performance solutions to the global shipping market.