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Energy Efficiency

Bank Considers EEDI When Making Ship Finance Decisions

The German KfW IPEX-Bank evaluates energy efficiency of its merchant shipping portfolio, sees EEDI a key indicator of economic advantage. KfW IPEX-Bank, one of the largest ship financing banks in the world, has evaluated together with FutureShip, a subsidiary of Germanischer Lloyd, the energy efficiency of its shipping portfolio based on the Energy Efficiency Design Index (EEDI). The applied valuation approach is based on the standards of the International Maritime Organisation (special organisation of the United Nations) and provides an indicator for the energy efficiency and CO2 emissions of merchant vessels. From 2013 binding EEDI limits will be introduced for newbuildings. However, the energy efficiency of existing vessels also plays an increasingly important role during chartering decisions. Using the EEDI methodology, the energy efficiency of 88% of the ships in the IPEX portfolio could be evaluated. "In this regard our merchant shipping portfolio is on average slightly better than the world fleet," explained Dr Carsten Wiebers, Global Head of Maritime Industries at KfW IPEX-Bank. "The reduction of environmental impacts from maritime shipping is a serious concern for us. The newly developed valuation method gives us the opportunity to take into account the vessel’s energy efficiency during our financing decision and to favour "green" ships over similar ships with poorer energy efficiency.


Ship Energy, BWMS, Recycling on MEPC Agenda

The IMO's Marine Environment Protection Committee (MEPC) meets for its 65th session from 13 to 17 May 2013, at IMO HQ in London. Items on a busy agenda include the implementation of energy-efficiency regulations and the ballast water management and ship-recycling treaties. Further guidelines on energy-efficiency measures for ships to be considered The MEPC is expected to continue its work on further developing technical and operational measures relating to energy-efficiency measures for


IMO Marine Environment Protection Committee Meeting Agenda

Implementation of energy-efficiency, ballast water management & ship-recycling rules on agenda for IMO Marine Environment Protection Committee. The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) meets for its 64th session from 1 to 5 October 2012, at IMO Headquarters in London. As well as discussing matters relating to the implementation of energy-efficiency, ballast water management and ship-recycling regulations


Tecnitas Launches Energy Management Software Tool

Tecnitas, the consultancy arm of Bureau Veritas, has launched a powerful new software tool, E2, aimed at optimising energy usage for both individual ships and across fleets.   E2 is a user-friendly tool which enables shipowners to maximise the gains in energy efficiency and emission reduction which can be obtained through proper use of IMO’s Ship Energy Efficiency Monitoring Plan (SEEMP). Claude Andreau, head of engineering, Tecnitas, says


IMO MEPC Implements Further Energy Efficiency

Photo: IMO

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 65th session from May 13-17 2013, at IMO Headquarters in London. The committee made significant progress in its work on further developing energy-efficiency regulations; adopted an MEPC resolution on rromotion of technical cooperation and transfer of technology relating to the improvement of energy efficiency of ships; and gave the go-ahead to carry out an update to the


IMO Signs Global Maritime Energy Efficiency Partnerships Project

Image: International Maritime Organization (IMO)

 International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping.    The so-called GloMEEP project, formally designated “Transforming the Global Maritime Transport Industry towards a


Port of L.A Aims to Improve Energy Efficiency

Photo: The Port of Los Angeles

Port of Los Angeles officials announced the development of its Energy Management Action Plan (E-MAP) initiative designed to improve energy efficiency at America’s busiest container port. Included in the plan will be the nation’s largest port energy assessment. The E-MAP, unveiled during an energy workshop with representatives of the Port, the Los Angeles Department of Water and Power (LADWP), marine terminal operators and others


SNAME to Host Energy Efficiency Workshop

Jeff Lantz

The Society of Naval Architects and Marine Engineers (SNAME) will host a workshop on Marine Energy Efficiency for ships, tugs, ferries and OSVs at the Maritime Institute of Technology and Graduate Studies (MITAGS) in Linthicum Heights, Maryland, March 11-12. With a focus on the theoretical and practical aspects of reducing vessel fuel consumption, the two-day workshop will feature technical discussions from a Webb Institute Professor of Ship Design and a representative of the Danish


South Africa Workshop Promotes Ship Energy Efficiency

Photo:  International Maritime Organization

 An International Maritime Organization (IMO) workshop is raising awareness of the Organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships.    Participants from South African governmental departments and other related bodies are in attendance at the three-day “MARPOL Annex VI and Technology Transfer” workshop, taking place in Durban, South Africa (23-25 August).   


IMO’s Climate Change Mandate

Photo: International Maritime Organization (IMO)

An audience of lawyers and academics have heard that the United Nations Convention on the Law of the Sea (UNCLOS) gives a clear mandate for IMO to prevent, reduce and control pollution of the marine environment from or through the atmosphere and to address climate change.   The International Maritime Organization's (IMO) Fred Kenney, speaking at seminar in London on November 14, said that Article 212 of UNCLOS complemented the Paris Agreement on Climate Change to give IMO Member States


Baleària repowers high-speed ship ‘Jaume II’

Baleària’s fast ferry Jaume II Photo Baleària

Baleària repowers the high-speed ship ‘Jaume II’ to improve its energy efficiency, reliability and service. The investment totaling more than 5.5 million euros is part of the shipping line’s fleet modernization process


IMO Training in Malaysia

Photo: International Maritime Organization (IMO)

 An International Maritime Organization (IMO) training in Malaysia has seen port State control officers practice inspecting air pollution and energy efficiency rules aboard a container ship in Johor Port.    The participants from across Malaysia have been taking part in the


Norwegian Orders Four Ships from Fincantieri

Norwegian Cruise Line Holdings Ltd. said it has reached an agreement with Fincantieri S.p.A. to construct the next generation of ships for its Norwegian Cruise Line brand, ordering four 140,000 gross ton ships for delivery in 2022, 2023, 2024 and 2025


Focus on Sustainable Use of the Oceans

Photo: International Maritime Organization (IMO)

 Preparations are underway in New York ahead of June’s UN Oceans Conference, which is focused on achieving UN Sustainable Development Goal 14: ‘Life Below Water’.    An estimated 40% of the world’s oceans are being badly affected by unsustainable practices


Marine Battery Systems Come of Age

Seanergy battery system.jpg

Saft’s Seanergy Marine Battery System offers a different way forward in the quest for reduced emissions in marine propulsion. Stricter Regulations Demand Immediate Solutions Discovering new means to reduce emissions and improve energy efficiencies are top-of-mind for all companies in


Great Ships of 2016: Seri Camellia

(Photo: MISC Berhad)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Seri Camellia - New LNG Carrier for MISC Berhad


IMO Secretary-General Speaks Out Against Regional Emission Trading System

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO)  Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas (GHG) emissions


Vard Wins Two Ferries Contract from Torghatten Nord

Ferries for Torghatten Nord - Picture Multi-Maritime Photo VARD

Vard Holdings Limited (“VARD”)secured contracts for the construction of two LNG powered car- and passenger ferries for Torghatten Nord in Norway. The total contract value amounts to approximately NOK 600 million. The new car- and passenger ferries are designed for environmentally


MISC Berhad Names New LNG Carrier Seri Cenderawasih

Official Seri Cenderawasih Photo MISC

MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC


Barillec Marine Meets Blue Growth

Image: ©StrategicMarine

Barillec marine will be at the meeting of maritime and river economy in Paris at the Euromaritime - Eurowaterways professional exhibition with Interprofession du Port de Concarneau (IPC). As a player in the shipbuilding industry in the port of Concarneau


Carnival, Wärtsilä Partner on Ship Performance

Carnival Dream (Photo: Wärtsilä)

Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability


Maritime Energy Management in the Spotlight

Photo: International Maritime Organization

 International Maritime Organization (IMO)'s global energy efficiency rules are key to a sustainable future for shipping.    This was the message from IMO Secretary-General Kitack Lim to the MARENER 2017 conference on maritime energy management


Magnetic Attraction: The Switch Targets Marine Growth

Image: The Switch

The Switch is targeting growth of 200 percent within the marine segment in the next five years, building on the momentum of a flurry of recent orders, its acquisition of Wartsila Drives and the financial muscle of its parent company, the EUR 3.3 billion turnover Yaskawa Electric Corporation.


Kenya's University to host Africa Maritime Technology Cooperation Centre

Under the Global MTTC Network (GMN) project, JKUAT will host MTCC-Africa in collaboration with Kenya Ports Authority and Kenya Maritime Authority. The selection of JKUAT followed a competitive international tendering process. Photo:  International Maritime Organization (IMO)

 International Maritime Organization (IMO) has announced that Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, has been selected to host the regional Maritime Technology Cooperation Centre (MTCC) for the Africa region, under an ambitious project


ABB’s OCTOPUS for Torvald Klaveness vessels

The recently launched Torductor Marine will increase the efficiency of the vessels. Photo ABB PR

ABB’s OCTOPUS marine software will be installed on three new Torvald Klaveness vessels to help them meet incoming emissions regulations. The OCTOPUS reporting software is compliant with the IMO Ship Energy Efficiency Management Plan (SEEMP) and supports future European Union Monitoring






 
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