Ship part

Residential ship Njord will be powered by carbon-neutral methanol

The vessel was originally advertised as LNG powered.

E-methanol and bio-methanol

When Meyer Werft broached the idea of ​​methanol, “We jumped at the chance and immediately gave the green light to begin engineering studies,” said Kristian Stensby, CEO of Ocean Residences. “Today we are proud to announce that the M/Y Njord will be the first residential vessel to run on e-methanol and bio-methanol, giving the Njord access to Norway’s World Heritage Fjords and to other environmentally sensitive areas.

Stensby continued: “While this technology comes at a cost, we are confident that this investment will pay big dividends to our shared environment, our homeowners and ultimately signal to other shipowners the need to upgrade to carbon neutral fuels.

“The best green ship yet”

“Our company is proud to embark on the construction of the most beautiful green ship to date,” said Bernard Meyer, managing partner of Meyer Werft. “Meyer Werft’s commitment to ocean conservation is a top priority and M/Y Njord’s vision as a ‘ship with a purpose’ is directly aligned with our company values ​​and commitment to the environment. “

Philanthropic research

Njord is designed for global operations with a Class 6 polar standard and a variety of exploration tools. It would host oceanographic and atmospheric research by inviting the collaboration of scientific and academic bodies.

Quest to decarbonize shipping

According to Our World in Data from the University of Oxford, in 2019 international shipping was responsible for around 10.6% of global transport CO2 emissions. As the world’s major economies attempt to reduce their emissions towards net zero goals, the shipping industry is looking for new ways to reduce its environmental footprint.

In April, the Transport & Environment campaign group, headquartered in Brussels, published a wide-ranging report on the decarbonisation of maritime transport. Among other things, he highlighted the importance of sustainable fuels. “Achieving full decarbonization of the shipping sector requires a new sustainable and renewable fuel source,” according to his research. “Fuels produced by additional renewable electricity (e-fuels or electrofuels) are the only scalable solution that meets the requirements for energy-dense, deployable and clean fuels.”

Benefits of Renewable Methanol

Compared to conventional fuels, renewable methanol is claimed to reduce CO2 emissions by up to 95%, reduce nitrogen oxide emissions by up to 80%, and completely eliminate sulfur oxide and particulate emissions. Renewable methanol is an ultra-low carbon chemical produced from sustainable biomass, often called biomethanol, or from carbon dioxide and hydrogen produced from renewable electricity.

It can come from a wide range of renewable resources such as forestry and agricultural waste and by-products, biogas from landfills, municipal waste, by-products from the pulp and paper industry, and using different technological approaches such as capture from renewable sources and green hydrogen.

Bi-fuel engines, batteries

Njord is designed with dual fuel engines, with tank capacity for methanol and MGO, batteries for hybridization, heat recovery systems and advanced power management systems. To ensure the vessel is future proof, the engines and fuel tanks will be ready for easy conversion to take advantage of future fuels with even lower carbon footprints.

117 residences starting at $8.5 million

The 291m/955ft Njord is 86,000gt and houses 117 luxurious private residences with 15 bespoke floor plans from 1,500sqft to 9,000sqft and priced at $4,800 per square foot.

Residences with two to six bedrooms start at $8.5 million. Annual maintenance costs are expected to be around 4.5% of the purchase price.

There will be a capacity of 300 crew members.

Subject to funding

The new construction order is always subject to financing.

In order to begin construction, Ocean Residences must enter into approximately 50 residence contracts to secure construction funding, said Chief Strategy Officer Leif-Erik Hvide. He did not reveal how many residencies have been contracted so far.

In its promotional materials, Ocean Residences predicts steel cutting in 2023 and delivery in 2026.

Principal, designers, other partners

Ocean Residences director Kristian Stensby is a real estate and cruise industry veteran. In 1990, he started a “classic” ship company called Premier Cruises and served as its president and CEO until 1997. Previously, he was treasurer of Kloster Cruise Ltd., the parent company of Norwegian Cruise Line, Royal Cruise Line. and Royal Viking Line.

Njord’s chief interior designer, renowned Jean Stutzman has a long career designing cruises, yachts and luxury residences. Alongside it are Espen Øino International, a leading superyacht design company, and Foreship Oy, a leading naval architecture firm specializing in the design and engineering of passenger vessels.

Njord would be registered in Norway, DNV rated and initially operated by V.Ships.

Only one residential ship currently exists, The World, built in 2002. There have been many attempts since.