Cetus Maritime, a leading dry bulk owner and operator has today announced the successful completion of a biofuel trial on board its 43,000 dwt handysize ship “Cetus Beluga”. The trial, conducted in collaboration with fuel supplier Good Fuels and technical management providers Su-Nav, clearly demonstrated that biofuel can be used to reduce emissions and improve fuel efficiency in ocean shipping.

This is the first time that Cetus Maritime has trialed the use of biofuel in its fleet. The trial voyage commenced in Europe, where the vessel was supplied with B100 sustainable marine biofuel, (waste/residue based, second generation 100% biofuel) at the port of Flushing, Netherlands. This biofuel was capable of being consumed on the vessel without changing engine specifications. The vessel then sailed to South America on a 17-day voyage. The ship was powered purely by B100 for a period of 7 days during the sea passage. The trial results showed that the use of bio fuel resulted in (i) a reduction of CO2 emissions by approximately 80% over a 7-dayperiod, based on a Well to Exhaust analysis (WTE), and (ii) a reduction of CO2emission by 100%, based on Tank to Exhaust (TTE) analysis. The vessel’s fuel consumption remained the same between biofuel and traditional fossil fuel.

“We are very pleased with the results of this trial,” said Mark Young, CEO of Cetus Maritime. “This trial demonstrates the potential of biofuel to play a significant role in reducing emissions from ocean shipping. We are committed to working with our partners to develop and deploy biofuel solutions that can help the shipping industry achieve its sustain ability goals.”

Cetus Maritime is a leading dry bulk owner controlling a fleet of close to 60 vessels across 8 regional offices. The Company is committed to its journey towards more sustainable business practices, and part of this commitment includes helping the shipping industry reduce its environmental impact. Cetus is actively working on ways to improve vessel efficiency and reduce carbon emissions across its fleet.

For more information about Cetus Maritime, please visit www.cetusmaritime.com