Green venture Njord will retrofit its first four ships with emissions-reducing technology since signing deals with 12 shipowners, managing director Frederik Pind said on Tuesday.

The agreement will see Njord, a joint venture between Cargill, Maersk Tankers, and Mitsui, carry out the work on a VLCC and three container ships to cut emissions by an estimated six to 14% per vessel.

The four ships are part of a fleet of more than 20 vessels owned by Copenhagen-based Navigare Capital Partners.