Capital Ship Management Corp. and Lloyd’s Register explore the use of biofuels in pilot research project.

Evangelos Marinakis, Chairman, Capital Maritime & Trading with Mark Darley, Marine & Offshore Director, LR and Philippa Charlton, Chief Marketing Officer, LR

Biofuel trials onboard Capital Ship Management Corp. (“Capital”) tanker to advance research for alternative fuels. 

Athens, Greece, June 8, 2022.  Capital and Lloyd’s Register (LR) will trial the use of biofuels in a new pilot project to support the maritime industry’s research for low to zero-carbon fuels in line with the IMO’s greenhouse gas (GHG) emissions reduction targets. The trial will test biofuel-blended marine fuel on Capital managed 300k DWT crude tanker, Apollonas.

As part of the project, LR Maritime Performance Services (MPS) team will facilitate the risk assessment of the operational impact of biofuel, orchestrate the development, implementation and calculation of the emissions monitoring programme as well as provide overall third-party verification of the trial. LR’s Fuel Oil Bunker Analysis Service (FOBAS) will also carry out the biofuel quality assessment and characterisation to cover all aspects of the new fuel management.  

Nick Brown, Lloyd’s Register Chief Executive Officer said: “There is a keen interest in the shipping industry to learn more about the use of biofuels as we navigate the IMO’s GHG ambitions, specifically the potential for emissions reduction, compatibility with existing bunkering technologies and associated costs. We are delighted to be working with Capital on this pilot project to test the safe use of biofuels in shipping. We hope to build on years of experience and utilise unmatched expertise and analytical capabilities in fuel testing to advance the wider industry’s search for low-to-zero carbon fuels and technologies.”

Nikolaos Vaporis, Capital Chief Technical Officer said:We support research on various decarbonisation solutions such as the use of biofuels, as part of our commitment to contribute to the industry’s carbon footprint reduction, in line with the IMO GHG emissions reduction agenda. We are especially pleased to participate in this project, as it is an opportunity to work with LR and remain at the forefront of environmental innovation.”


Notes to editors

About Capital Ship Management Corp. (Capital)

Capital Ship Management Corp. is a distinguished oceangoing vessel operator, offering comprehensive services in every aspect of ship management, currently operating a fleet of 37 tankers (12 VLCCs, 13 Aframaxes, 11 MR/Handy product tankers and 1 small tanker) with a total dwt of 5.72 million tons approx.

About Lloyd’s Register (LR)

Lloyd’s Register (LR) is a global professional services organisation specialising in engineering and technology solutions. Our experts advise and support clients to improve the safety and performance of complex projects, supply chains and critical infrastructure. LR was created more than 260 years ago as the world’s first marine classification society to improve the safety of ships. Today we operate globally providing compliance, assurance and performance solutions to help keep the world moving safely, efficiently and sustainably.


For media enquiries contact

Niki Kalogiratou
Chief Communications Officer
Capital Ship Management Corp.
T +30 210 4584900
M +30 6948 111307


Nicola Good
External Communications Director
Lloyd’s Register
T +44 33 0414 0419
M +44 7855 113 273

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