Project Seanergy Foundation

In another post, we cover how intense the currently planned and approved environmental legacy will be on the Arctic and impact climate on all of the Northern Hemisphere.

In this post, we explain what rewards can Compensation Leaders expect by supporting the development of a Zero Fossil Fuel Zone (ZFFZ) in the Arctic. By prioritizing the development of best-in-class services aimed at the Maritime Industry, Project SEANERGY ensures a win-win scenario to all parties, now and for the future.

Deployment of these services kicks off in 2011. Until then, our priority is to share and populate parts of our proposal while inviting stakeholders to get a better understanding of their interests at stake.

All this is based on the multiple advantages included in our proposition in contrast with the current available scenarios.

What we know so far
When it comes to big boats, everybody wins big by choosing Project Seanergy.

Here is why
We plan to speed up the offering of a high-quality Arctic crossing service, powered by clean and renewable energy. This will greatly benefit members of the Maritime Industry concerned by Asian-Europe crossing and currently being redirected through Canal and Cape routes

For them, the value of our proposal can translate into an ever-increasing number of Arctic crossing days year after year, and fixed fuel costs over 10 years for a big part of the way.

For Seanergy and the community, the challenge is to devise a scenario that can reassure the Industry on the safety, performance, sustainability and reliability of our recommended alternative.

The Maritime Industry can play a major role in a speedy deployment of the better solution. Since everybody stands to gain from this venture and that all parties’ decisions will influence other parties, the community and the environment, members of the Maritime Industry and other trade sectors are invited to become partners. Working amongst the team that builds this Zero Fossil Fuel Zone, Seanergy will strive to generate savings for operators, part of which will be channeled to renewable energy producers. We will then share the costs of doing business and split most of what is left between initial supporters of the Project Seanergy Foundation.

Here is How
Here is a very well-known fact: compared to the ZFFZ, all other routes represent very high opportunity costs. By allocating one third of the costs saved compared to alternate crossing routes, operators can facilitate and sustain the viability of a renewable energy based high-quality crossing service of the Arctic.

The service works like this
When entering the ZFFZ, the crossing ships are asked to stop their engines. From this point until they leave the ZFFZ, the boats will be supplied electricity and will be towed by hydrogen-powered vessels fuelled and operated by the ZFFZ.

The hydrogen is to be produced by turbines installed in currents or by mobile units. The generated electricity is converted into hydrogen and stored to be picked up, either on location or as close as possible to the turbine.

No Pollution is the Better Business Decision

Based on current fuel and turbine costs, a big ship needs roughly 15 Arctic passages to generate savings to operators that exceed the cost of the required turbines. When factoring in maintenance, service, and other infrastructure costs, this number increases to around 40 crossings.

The costs required to supply a service based on renewable hydrogen, in order to avoid fossil fuel in the Arctic, will be easily recovered within 5 years. This service will increase profitability for operators and less pollution for the community.

Regardless of costs savings, our current reckless disregard for consequences can be compared to the one of grandparents visiting their grandchildren and stowing a heater in their freezer just before leaving. Since they figure that they won’t be around when it’s time to mop up the place, and since this gesture seemed like a practical—yet half-baked—solution to their immediate needs, they are convinced that their grandchildren will not curse them. Nor will they wonder how come this happened to them and what they did to deserve such faith…

Based on these premises, we say: Project Seanergy means Big Boats and No Pollution in the Arctic.