Maximizing energy efficiency is a crucial element in shipping’s energy transition, short, medium and long term.
The Njord Score is introduced to provide shipowners and charterers with a clear view of vessel’s efficiency potential, helping them make informed decisions that maximise savings, reduce emissions, and future-proof fleets.
By identifying the most commercially viable technologies while benchmarking industry efforts, the Njord Score enables shipping’s acceleration towards profitability and sustainability.
This insight helps facilitate informed decisions around technology investments.
By offering a transparent benchmark, it enables you to evaluate and compare your fleet’s performance, making a compelling case for targeted upgrades that drive commercial and environmental returns.
The Njord Score can also help you assess vessels before buying or chartering, to see if any upgrades are needed to be incorporated into a deal.
The technology selections are vessel-specific and based on the review of asset utilization and trade patterns.
We strategically eliminate the technologies having a negative impact on the business case and target a combined ROI of less than 2.5 years.
Once the impact is evaluated, we grade vessels from A to E depending on the remaining savings potential which is yet to be explored.
A vessel with Grade "A" would have utilized close to all the applicable existing ESDs, with an overall ROI of less than 2.5 years, whereas a vessel with Grade "E" has more than 12% commercially viable savings to further explore.
The Njord Score is an integrated part of our services. You will get your Njord Score when you book a Technology screening, Solution Design or Installation partnership. You can also do a quick benchmarking check through our website, where your vessel is compared to sisters or similar vessels.
The 2.5-year ROI aligns with the typical halfway point between dry dock cycles, offering shipowners a strategic window to realise cost savings before their next scheduled maintenance. By focusing on this timeframe, the Njord Score ensures that energy-saving technologies provide measurable financial returns within a practical and actionable period, optimising both operational efficiency and long-term profitability.
The Benchmark score is the average Njord score of the already, by Njord, screened vessels. The benchmark score is relevant to evaluate how the vessels potential compares with the industry.
The Njord Score includes a wide range of proven energy-saving technologies, from advanced coatings to propulsion optimization devices. Technologies are selected based on their maturity, commercial viability, and a commitment to maintaining a sub-2.5-year ROI, ensuring the bespoke technology package is both effective and financially viable.
Improving your Njord Score involves strategically implementing EETs from our recommended technology portfolio, specifically tailored to maximize your vessel's efficiency. We offer both consulting and installation services, assisting shipowners in integrating these technologies and achieving continuous performance gains.
Installing advanced technologies such as ALS or WAPS doesn’t necessarily guarantee a high Njord Score. The score is based on the cumulative impact of multiple, cost-effective EETs, ensuring that potential savings are maximized across all technology options available to the vessel. As an example; if a vessel has WAPS installed, but LED lights have not been installed but would be a good fit, the full potential has yet to be reached and the Njord Score will be calculated accordingly.
The Njord Score complements regulatory measures by focusing on commercially viable technologies that drive real-world efficiency improvements. While regulations set mandatory thresholds, the Njord Score provides a practical pathway for vessels to achieve and exceed these standards through targeted technology upgrades.
Unlike other scoring systems that may focus on environmental impact in isolation, the Njord Score evaluates a vessel’s potential to enhance its efficiency through a specific set of commercially viable technologies. This approach prioritises both environmental and commercial benefits, distinguishing it as a unique benchmarking tool that aligns technical potential with financial feasibility.