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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 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


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


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).   


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


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


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


Sustainable Development Goals for the Oceans

Photo:  International Maritime Organization (IMO)

 The role of the marine industry in supporting the United Nations Sustainable Development Goals was addressed at the 2016 World Ocean Council Sustainable Ocean Summit in Rotterdam, Netherlands (30 November-2 December).     International Maritime Organization (IMO)'s Theofanis


Wärtsilä EnergoProFin for CPP, FPP

Wärtsilä EnergoProFin energy saving solution increases propeller efficiency and creates fuel savings of up to five percent. Photo Wartsila

Wärtsilä EnergoProFin is a state-of-the-art energy saving solution that increases propeller efficiency and creates fuel savings of up to five percent. The solution is now available for both controllable pitch propellers (CPP) as well as fixed pitch propellers (FPP)


Innovation for Sustainable Transport

Photo: International Maritime Organization (IMO)

 A UN conference has highlighted the importance of technology and innovation in ensuring sustainable transport for all.    International Maritime Organization (IMO)  was present at the UN’s first ever Global Sustainable Transport Conference, held in Ashgabat


Hybrid Ferry uses Energy Storage System from Corvus Energy

The MV Copenhagen Photo Scandlines

Scandlines has named their newest hybrid ferry, the M/V Copenhagen. As part of Scandlines’ ambitious environmental strategy, the new hybrid ferry will join the world’s largest fleet of hybrid ferries, utilizing a low emission and fuel saving diesel electric hybrid propulsion system


Scandlines’ New Hybrid Ferry Named MV Copenhagen

(Photo: Peter Therkildsen / Scandlines)

The second of Scandlines’ two new hybrid ferries for the Rostock-Gedser route was named M/V Copenhagen during a ceremony at the Danish shipyard FAYARD A/S on October 28, 2016.   In his speech to the some 180 guests in attendance, Thomas Andersen, CEO of FAYARD A/S


WE Tech Expands Into Australia

Photo: Sea Highways Ltd.

WE Tech Solutions (WE Tech), an energy efficiency solutions provider in the marine industry, and The Switch, a technology specialist of permanent magnet machines for advanced marine drive trains, have been chosen to deliver their permanent magnet shaft generator solution to Australian Toll


WE Tech Shaft Generator Solutions for Stena ROPAX Ferries

(Photo: Stena Line)

WE Tech said it has received an order to deliver its permanent magnet shaft generator solutions to a series of four fuel efficient ROPAX ferries, with an option for another four. The vessels are to be built for the Swedish shipping company Stena RoRo at AVIC Weihai Shipyard Co., Ltd. in China


Argentina Workshop Promotes Energy Efficiency Measures

Photo: International Maritime Organization (IMO)

 Energy efficiency and the control of GHG emissions from ships have been on the agenda at an International Maritime Organization (IMO)  workshop in Buenos Aires, Argentina (8-10 November).    Officials from Argentina’s maritime administration


Retrofitting Containerships - Where The Savings Are

Seaspan project: Independent model tests confirmed energy savings just shy of 20 per cent for the 13.100 TEU vessel. Photo: DNV GL

 Despite the low fuel prices, energy efficiency is a key differentiator for shipping companies competing for cargo.   The Canada-based owner Seaspan has worked with DNV GL on a series of projects aimed at investigating possible efficiency gains through retrofits


Long Beach, LA to Track Maersk Line’s Emissions

Photo: Port of Long Beach

The ports of Long Beach and Los Angeles are partnering with shipping company Maersk Line to measure the environmental benefits of a $125 million upgrade for 12 Maersk containerships.   The initiative will involve the installation of high-tech equipment to track vessel emissions and


LR Grants AIP for S-CO2 Power Generation System

The world’s largest shipbuilder Hyundai Heavy Industries (HHI) and a utility firm Korea Electric Power Corporation (KEPCO) have received an Approval in Principle (AIP) from Lloyd’s Register for a 2MW Supercritical CO2 (S-CO2) Power Generation System recovering waste heat of a


Panama Canal launches Incentives for Cleaner Shipping

Photo Panama Canal Authority

Today, the Panama Canal launched the Environmental Premium Ranking, a new initiative that rewards customers who meet high environmental efficiency standards.   The new incentive allows qualified customers the opportunity to improve their position within the Panama Canal’s Customer


IMO: New Requirements for International Shipping

Photo: International Maritime Organization

 An important milestone on the road to controlling greenhouse gas emissions from international shipping has been achieved with the adoption of new mandatory requirements by the industry’s regulatory authority, the International Maritime Organization (IMO).  


UN Welcomes IMO Steps to Limit Emissions

Andy Winbow, Assistant Secretary-General and Director, Maritime Safety Division, International Maritime Organization (IMO) – on mission in Baha Blanca, Argentina, 2013. Photo: IMO

 United Nations Secretary-General Ban Ki moon has welcomed the steps agreed upon today by the members of the International Maritime Organization (IMO) to address greenhouse gas emissions from international shipping.   According to a statement issued by Mr


European Shipowners Welcome IMO Decision on Emission

Photo: European Community Shipowners’ Associations (ECSA)

 The 70th session of the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) concluded today (October 28) with a decision on defined tasks and timelines to reduce greenhouse gas (GHG) emissions from ships.   






 
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