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Can LNG Retrofits be Economically Viable as Bridge to Net Zero?
While we await a definite âfuel of the futureâ, can retrofits be an economically viable option? Earlier in the year, the World Bank report denouncing liquefied natural gas (LNG) as not being environmentally sound left many owners who had invested in LNG perturbed. However, not all is lost, explains Tiago Braz, VP Product Area for Energy at Høglund Marine Solutions.When the World Bank released its reportâŠ
CIMAC World Congress: The Place Where the Large Engine Industry Meets
Every three years, the large engine industry meets for the CIMAC World Congress. Next year, after Helsinki in 2016 and Vancouver in 2019, Busan in South Korea will host the CIMAC Congress from June 13 -17, 2022. Shipbuilding is dominated by Asia with South Korea as key player for decades. So, there is good reason for the Congress to meet there.But, to first address the question that is currently being asked the most: Against the background of the pandemic, will the congress really take place?
Marine Design: Multi-Physics Simulation (MPS) & Decarbonization Walk Hand-in-Hand
Chris Wiernicki, CEO, ABS, discusses the evolution of multi-physics simulation and its importance in reaching decarbonization goals through 2050.As the pace of technological evolution rapidly quickens, shipowners are increasingly forced to embrace change to ensure their fleets stay in compliance with new regulations and stave off obsolescence.Going forward, efficient, cost-effective delivery of goods from âpoint A to point Bâ must be done in a more environmentally benign mannerâŠ
ClassNK Publishes Guidelines for Ships Using Alternative Fuels
Classification society ClassNK announced on Friday it has released âGuidelines for Ships Using Alternative Fuelsâ, updated with safety requirements for ships using ammonia as fuel on previously issued âGuidelines for Ships Using Low-Flashpoint Fuelsâ covering liquefied petroleum gas (LPG)/methanol/ethanol.Ammonia has captured attention as a zero carbon fuel. Appropriate safety measures are required for ammonia as it is toxic to humans and corrosive to materialsâŠ
PROFILE: Glosten is Meeting the Decarbonization Challenge, by Design
Naval architects and marine engineers sit on the front lines of the maritime industryâs battle toward decarbonization. Morgan Fanberg, President, Glosten, discusses the challenges and opportunities ahead.Put in context the challenge ahead for ship owners and ship designers to meet emission targets of 2050?I started my career in 1998 and as a young marine engineer, the challenges that I faced were taking old boats and meeting SOLAS requirementsâŠ
Shipping Industry Proposes Levy to Accelerate Zero Carbon Future
Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry's efforts to go greener.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing pressure to get cleaner.For the first time, the International Chamber of Shipping (ICS) and Intercargo jointly proposed a levy based on mandatory contributions by ships trading globallyâŠ
Sovcomflot, Gazprom Neft Partner Up to Decarbonize Shipping
Russian shipping firm Sovcomflot and oil firm Gazprom Neft have signed an agreement to develop innovative technologies and use low-carbon fuels in maritime transport.The document was signed by Igor Tonkovidov, President and CEO of Sovcomflot, and Alexander Dyukov, Chairman of the Management Board, CEO, Gazprom Neft.The agreement defines that the two Russian companies will seek cooperation opportunitiesâŠ
Ammonia Bunkering Terminal Project Gets Large Governmental Grant
Azane Fuel Solutionsâ first project âAmmonia Fuel Bunkering Networkâ, which will build a green ammonia bunkering terminal has received confirmation that it will be granted NOK 89 million (EUR 8,600,000) through the Norwegian Green Platform Initiative. This was announced by Minister of Climate and Environment in Norway, Sveinung Rotevatn in Florø, Norway.The project partners, spanning the entire value chain for ammonia as a marine fuelâŠ
Retrofit: Eidesvik, Aker BP Partner Up to Cut Emissions from Existing OSV Fleet by 'at least' 70%
Norwegian offshore vessel owner Eidesvik and oil and gas firm Aker BP are developing a project which aims to reduce emissions from existing offshore supply vessels.The project called "Retrofit' will evaluate various solutions for converting existing supply vessels to low-emission units and with the goal of reducing emissions by "at least 70 percent."Aker BP has already, together with strategic partners EidesvikâŠ
DNV Report Says Maritime Energy Transition is Gaining Speed
More than 1000 ships are expected to be ordered per year through 2030, and with growing pressure on the shipping industry to decarbonize, the shipowners must be careful with fuel selection and ship design, as a misstep here can have damaging consequences in the future.This is according to the latest Maritime Forecast to 2050 launched Tuesday by DNV.DNV stressed that shipping decarbonization was no longer just a top priority for the International Maritime Organization (IMO)âŠ
Deltamarin Inks Deals for Three RoPax Ships
Finnish naval architecture firm Deltamarin said it has signed design contracts with China Merchants Jinling shipyard (Weihai) for the complete basic and detail design packages of three RoPax vessels. These are the 10th, 11th and 12th Stena E-Flexer vessels for two different end clients.Vessel no. 10 will be chartered by a Canadian federal Crown corporation, Marine Atlantic, from Stena RoRo. The vessel will have a capacity of 1,100 persons and approximately 2,600 lane meters.
DNV Grants AiP for Samsung Heavy's VLCC Fuel Ready Design
Classification society DNV has awarded an Approval in Principle (AiP) to Samsung Heavy Industries for a "Fuel Ready" (ammonia, D, S, Ti) class notation for its 300,000 dwt LNG-fueled very large crude carrier (VLCC) design.SHI has developed a fuel ready concept for a VLCC with dual fuel diesel/ammonia as a potential fuel combination after conversion from dual fuel diesel/LNG. "The AiP award confirms the general feasibility of the design.
Tanker Firm Frontline Keeps Barstad as Permanent CEO
Oil tanker company Frontline has appointed Lars H. Barstad as the Chief Executive Officer of Frontline Management AS with effect from September 1, 2021.Barstad currentlyâŠ
Marine Autonomy: The Future is Being Revealed
Automation, where routine tasks are handled by machines, has been talked about throughout maritime sectors for much of the 21st Century. Initially touted by suppliers of engine room and bridge management systems for its cost savings (with reduced manning levels), its value proposition was then infused with risk management (reduced human error) and remote operations, where vessels could be managed from a shoreside control room.
Subsea Mining: All Eyes on Marine Minerals Offshore Norway
Marine minerals are coming under sharp focus offshore Norway. Analysts suggest it could be a $20 billion annual revenue industry by 2050, which is why many are taking an interest and developing the technology to make it happen. Marine mineral mining has been something of a slow burner in the wider marine world. It has some clear challenges, not least location and depth of these potential resourcesâŠ
Itochu-led Ammonia as Marine Fuel Study Attracts 23 New Firms
Japan-based Itochu Corporation has this week formed a joint study framework of 23 companies and organizations with the objective of collaboratively discussing common issues in pursuit of the utilization of ammonia as an alternative marine fuel, Bureau Veritas said Friday.The aim of the Joint Study Framework is to verify and organize common issues regarding the use of ammonia as a maritime fuel, which is a new challenge for maritime stakeholders.
Belgian Shipowner, Canadian Fertilizer Firm Set to Build Ammonia-fueled Ship
Belgium-based shipowner Exmar is partnering up with a Canadian fertilizer company to build jointly develop and build a low-carbon, ammonia-fueled vessel which they aim to deploy as early as 2025."Partners for over three decades in transporting ammonia globally, Nutrien is one of the worldâs largest producers of low-carbon ammonia and is a leading player and innovator in the transportation of liquefied gas productsâŠ
LNG Price Recovery Spurs Spending in Race against Carbon Targets
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic, rapidly rebounding oil and gas prices and a better economic outlook is building confidence in short and long term LNG demand in Asia and spurring companies to look at new LNG projects, most of which were shelved l
Moving Forward with Emissions - Is it Tiers, Tears or Fears?
As International Maritime Organization (IMO) and U.S. Environmental Protection Agency (EPA) emissions requirements continue throughout the IMO Emission Control Areas (ECA), they are also forcing postponement of many new construction decisions as vessel owners and operators continue to tread cautiously along the path forward. The Marpol Annex VI program looked to correct emissions requirements while working with petroleum fuels.
Stena RoRo Orders Two More E-Flexer Ferries in China. Charters Secured
A day after it ordered its tenth E-Flexer vessel in the RoPax class, Stena RoRo on Thursday said it had ordered two new ferries from the Chinese shipyard CMI Jinling (Weihai). To remind, the firm on Monday ordered the tenth unit from the same shipyard for a charter in Canada. The 11th and 12th Stena E-Flexer vessels, ordered Thursday, are in the RoPax class developed by Stena RoRo, with delivery scheduled for 2024 and 2025.
Headway Blazes the Fuel Transition Tech Field
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The Future of Shipping: Autonomous and Unmanned Marine Vehicles
Container Ships Maritime Vessels - The Backbone of International Trade
