Jotun signs commercial agreement with leading shipowner Eagle Bulk Shipping Inc. to accelerate sustainability efforts with Hull Skating Solutions

SINGAPORE – Media OutReach – January 11, 2022 – Jotun, the leading supplier of high performance hull coatings to the global marine industry, has entered into a trade agreement with US shipowner Eagle Bulk Shipping Inc. for the adoption of Jotun Hull Skating Solutions to improve vessel performance by minimizing biological fouling.

As part of this new partnership, Eagle Bulk’s bulk carrier, Shanghai Eagle, has been selected to use Jotun’s unique automated hull cleaning solution that ensures a “always clean hull” during the entire sailing interval. a ship, thereby reducing fuel costs and greenhouse gas emissions. Jotun Hull Skating Solutions, developed with cutting edge technology, are the latest innovation in the hull performance category and the first of its kind in the world to use data analytics, robotics and coatings to perform proactive cleaning in order to eradicate fouling at an early stage.

The portable system, which is powered by a robotic device known as the HullSkater, is stored aboard the vessel to allow rapid response to perform in-depth underwater inspections and clean the hull if necessary. The device also helps preserve the marine ecosystem by minimizing the spread of non-native marine organisms, as well as helping to reduce CO2 emissions to air through reduced fuel consumption while reducing hull drag in the water.

The partnership between Jotun and Eagle Bulk will help the shipowner and integrated bulk carrier accelerate its zero carbon vision as it plays a leading role in promoting sustainable growth in the maritime industry through its environmental efforts. Commenting on the partnership, Claus Jensen, Technical Management Director of Eagle Bulk said, “At Eagle Bulk Shipping Inc., we are excited to partner with Jotun to redefine the next generation of hull and vessel performance. We are both proud and delighted to have signed this agreement and to have taken a step towards decarbonization with Jotun Hull Skating Solutions. We also hope that it will inspire others to forge even more partnerships with industry and to embark on the pursuit of reducing global carbon emissions.

Although the shipping sector has made progress towards decarbonization, it faces major challenges in meeting IMO targets of reducing emissions, as alternative low carbon fuel technologies are currently not available. available at a price and scale sufficient to facilitate widespread implementation. Therefore, taking operational measures such as proactive hull cleaning offers an immediate path to improve environmental performance.

Claudio Iurilli, Managing Director of Jotun Malaysia and Singapore commented, “We see HullSkater as a revolutionary approach to biofouling management. We are absolutely delighted that Eagle Bulk Shipping Inc. understands the potential of Jotun Hull Skating Solutions in terms of their business practices as well as their impact on the environment as a whole. As a company, we strive to go beyond improving operational efficiency by also focusing on concrete environmental goals and fostering deeper relationships with our community. This agreement is a step in the right direction, and we hope its ripple effect will gradually reaffirm how small changes can set an example of what a sustainable maritime industry should look like in the future. ”

The trade agreement between Jotun and Eagle Bulk was officiated in Singapore on December 2, 2021.

For more information on the Jotun Group, please visit here.

For more information on The Jotun Group’s hull skating solutions, please visit here.

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About the Jotun Group

The Jotun Group is a matrix organization divided into seven regions responsible for the sale of decorative paints and marine, protective and powder coatings. The company has 39 production sites in 23 countries, 65 companies in 47 countries and is represented in more than 100 countries around the world. Jotun is the number 1 in marine coatings in the world.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) (NASDAQ: EGLE) is a fully integrated United States-based owner-operator engaged in the global transportation of dry bulk cargo.

Based in Stamford, Connecticut, with offices in Singapore and Copenhagen, Eagle focuses exclusively on the mid-size bulk carrier segment and has one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services, in particular: strategic, commercial, operational, technical and administrative.


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