Verified Fuel and CO₂ Savings Achieved with Azra Tech Innovative Sustainable Coating on Panamax Vessel
Biocide-free, durable ultra-low-friction coating showcases measurable improvements in operational speed and fuel efficiency.
New York/Lugano, April 2026 – Azra Tech, through its Swiss-based subsidiary Azra Advanced Materials AG, announces a significant milestone in maritime sustainability.
Following the successful application of its advanced, durable, ultra-low-friction, biocide-free hull coating solution across a diverse range of vessel types—serving 25 customers representing a combined fleet of more than 2,500 vessels—the technology has now been deployed on the Diana Shipping Panamax, m/v Crystalia and Capesize, m/v G.P. Zafirakis.
The system has demonstrated measurable performance gains, enabling the vessel to avoid approximately 1,973 tons of CO₂ emissions between June 2024 and January 31, 2026.
hese results validate the coating’s performance under operational conditions and underscore its role in reducing the maritime sector’s environmental footprint.
The Greek market adoption was enabled through exclusive representative Green Navis, further cementing the role of regional partnerships in sustainable innovation.
Post application sea trials demonstrated an outstanding certified 8% reduction in required power at equivalent speeds compared with the newbuilding sea trial and a 2.7% increase in vessel speed—outcomes that led to the issuance and certification of a new EEXI Vref technical file by Class.
Operational data collected over 22 months further confirm an overall fuel efficiency improvement exceeding 10%. Based on this performance, projections from 2024 to 2029 estimate a total CO₂ emissions reduction of approximately 5,660 tons.
Diana Shipping, a key industry player, highlighted the value of Azra Tech’s technology in its 2024 ESG Report:“During 2024, we further enhanced our collaboration with Azratech… Two of our vessels using Azra coatings saved 526Mt of fuel and reduced CO₂ emissions by 1,641Mt”.
Azra Tech’s management stated: “The Crystalia’s EEXI improvement certify by Class represents an outstanding achievement… a meaningful contribution to the United Nations Sustainable Development Goals—particularly SDG 14: Life Below Water—by protecting marine ecosystems while maintaining high operational performance”.
About Azra Advanced Materials AG (azra-tech.com)
Azra Advanced Materials AG, based in Lugano, develops high-performance patented nanotechnology-based coatings. Its technologies, completely free of biocides and already adopted by international shipowners and charters, help reduce emissions in the maritime sector by lowering fuel consumption, operational impacts, and environmental footprint. The company is part of Azra Tech Inc. group, a U.S.-based Industrial Intellectual Property and Technology Holding Company with a global presence in the United States, Europe, and Switzerland. Azra Tech develops advanced materials and additives based on proprietary patented nanotechnologies that enhance the performance of multifunctional coatings and polymers while reducing their carbon impact. Through its innovations, the group supports global decarbonization efforts and promotes more efficient and sustainable industrial practices.
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About Green Navis Quest (greenavis.com)
Green Navis is an innovative company founded in 2022 by the Moundreas family, acting as the representative of Azra Tech. Emerging from one of Greece’s oldest shipping companies, George Moundreas & Co. S.A., Green Navis was established to address the urgent need for green solutions within the maritime industry. The company’s mission focuses on integrating green technologies that enhance the sustainability of vessels.
A: 25 Monemvasias str, 15125 Maroussi, Greece
T: +30 212 000 6500
