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.
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
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, 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
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
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
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
Eitzen Chemical A/S has decided to implement Jotun's Hull Performance Solutions (HPS) on two of their largest chemical carriers. The first vessel, Siteam Discoverer, applied SeaQuantum X200 to the hull at the COSCO Dalian Shipyard in China in May, while the next vessel will dock in October later this year. "Through several years of measuring our vessel's performance, we recognize that the correct choice of antifouling is one of the low hanging fruits when it comes to increasing our
Almi Sun and Almi Explorer were delivered by Daewoo Shipbuilding and Marine Engineering Shipyard, Geoje Island, Korea and have commenced their operational lives. These ships are a further development of Almi Horizon delivered back in 2011. The latest deliveries have electronically controlled main engines, each turning a slightly larger propeller and they benefit from pre-swirl stators to further enhance energy efficiency.
Energy & Environmental Manager module supports regulatory compliance and operational efficiency. ABS, a leading provider of classification services to the marine and offshore industry, today announced the release of the new Energy & Environmental Manager module within NS5 Enterprise, the industry-leading asset management software suite. This module complements the ABS portfolio of services that help owners and operators meet the environmental and operational demands faced by the
Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management. The technique has already resulted in Ecoships’ managed ships benefiting from up to 15% greater
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London. Third IMO GHG Study 2014 approved The MEPC approved the Third IMO GHG Study 2014 providing updated estimates
Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.4 billion Caval Ridge Mine, which has created around 500 jobs in Queensland.
GE’s Power Conversion business was chosen by Naval Facilities Engineering Command (NAVFAC) to build a test system for a cleaner and more productive future in full scale testing of shipboard propulsion and electrical distribution systems at its Naval Ship Systems Engineering Station (NAVSSES)
Global AC drives manufacturer, Vacon, has been named one of 18 industry-leading companies to participate in the Next Generation Power Electronics Institute at North Carolina State University. The Institute will bring research and commercial product development resources together in a
Shipping Fuel Transparency Will Lower Emissions and Cut Costs. NGOs call on shipping industry regulator to drive down costs, trigger improved fuel efficiency and reduce ship GHG emissions through efficiency data transparency. Transport & Environment
The Meyer Turku Oy yard in Turku, Finland, celebrated a historical day on October 10, 2014. Meyer Turku Oy, which officially changed ownership only three weeks earlier with the takeover by Papenburg, Germany cruise ship building power Meyer Werft, floated out the cruise ship Mein Schiff 4.
IEA report sees energy efficiency finance becoming established market segment in its own right ... $310B & Growing Rapidly The global energy efficiency market is worth at least $310 billion a year and growing, according to a new report from the International Energy Agency that
Carnival Corporation’s multiyear Fuel Conservation Program expected to save more than one billion gallons of fuel and $2.5 billion in fuel costs, while reducing carbon emissions by 12 billion kilograms by the end of 2014; fleet of over 100 ships will see 24 percent improvement in fuel
Ricardo has been selected by the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy to administer a ocean Wave Energy Converter (WEC) prize challenge, aimed at helping to bring this potential source of clean energy to commercial scale.
Multipurpose vessels, especially those that operate primarily at part loads, have been facing pressure when it comes to making money in today’s business environment. Returning to times of big profit margins will not happen soon without finding a radically different approach
The VACON 100 FLOW is an AC drive designed to improve flow control for multi-pump applications in which several pumps are used in place of a single one. Multiple pump solutions help lighten the load by spreading it across several pumps, thus offering greater energy efficiency and system redundancy
Vessel to Provide World's Highest Level of Energy Efficiency, with Specifications Enabling Passage through New Panama Canal. Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier
In conjunction with the SMM exhibition in Hamburg, Alfa Laval released an alternative filter option for PureBallast 3.0. The compact new Filtrex filter lets the system operate in fresh, brackish and marine waters with a UV transmittance as low as 42%.
ABB announced at the UN Climate Summit in New York today that it is joining the UN’s Sustainable Energy for All initiative (SE4ALL). The company will provide expertise on energy efficient motors and transformers to help governments devise policies that accelerate energy savings.