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Fuel Costs

Taking the Guesswork Out of Bunker Procurement

Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time guidance on the three key factors of quantity, location and price strategy-how much fuel to buy for each ship in their fleet, the best port to bunker at and the right price strategy (spot versus contract). In ongoing proof of concept evaluations for large shipping companies, Inatech's Optimizer has been shown to deliver real-world fuel cost savings of up to five percent. With an average shipping company spending around $400 million a year on bunkering that saving could add some $8million to their bottom line. How Optimizer saves fuel procurement costs – a typical scenario

 The value of Optimizer is best shown in a typical scenario of a vessel that burns 75 tons of fuel a day for around 270 days each year. At $625 per ton, the ship's operator will spend approximately $12.7 million a year on fuel. A shipping company utilising Inatech's ShipTECH fuel procurement solution can already achieve savings through streamlined procurement. This is made possible firstly through a systematic workflow that avoids last minute purchases


Damen Debuts Quick Docking/Fuel Saving Package

Castillo de Catoria (Photo: Damen Shiprepair & Conversion)

Damen Shiprepair & Conversion has developed a new innovative product, the Quick Docking/Fuel Saving package. This offers owners a fast and low-cost additional docking with the sole aim of reducing fuel consumption in between the five-year statutory survey period. The first vessel booked under the new concept has docked at Damen Shiprepair Brest (France). It is the capesize bulker Castillo De Catoira operated by Spanish company Empresa Naviera Elcano


News: Poor Weather, Repairs Forces Kirby to Lower Expectations

"Very poor weather, major repairs to a lock on the Gulf Intracoastal Waterway and rapidly escalating fuel prices, not lower business levels, are the factors causing Kirby to revise its first quarter forecast," were a few reasons that Joe Pyne, Kirby Corporation's President CEO, cited for the company's lowering of its earnings guidance for the 2003 first quarter to $.26 to $.30 per share from previous guidance of $.36 to $.40 per share


Seaware Routing Version 5

Photo courtesy ÖRN Marketing AB

Seaware AB announced a new major upgrade for its Seaware Routing software, introducing cost-based ship route optimization. The Seaware Routing software is designed to facilitate on board weather presentation and ship route planning, and is delivered as part of weather routing solutions from Seaware partners. Seaware Routing version 5 has been developed with special attention to optimization of short sea passages


Two New Anti-fouling Coatings Introduced

International Paint introduce Intercept®8000 LPP & Intersleek®1100SR a biocide-free slime release coating.  Designed to address the industry issues of predictability in antifouling performance not seen since the days of tributyltin and the difficult issue of slime fouling on ships hulls, the two new technologies are set to improve vessel operating performance, increase efficiency and help control fuel costs and emissions.


Fuel Prices Drive Ferry Fares Up

Rising fuel costs may mean another fare hike for ferry riders. The Washington State Transportation Commission last week directed the ferry system to cover a $10 million shortfall blamed on the high cost of diesel fuel. Fare increases between 5 percent and 20 percent are now under consideration, as well as capital improvement cutbacks and asking the state Legislature for more money. The WSF Tariff Advisory Committee will likely convene soon to review WSF’s finances and possibly recommend


Bestobell and W&O Enter Distribution Deal

Actuated globe valve with flanged end connections

Bestobell Valves, part of the President Engineering Group (PEGL), has named W&O Supply, a global supplier of marine pipe, valves and fittings, valve automation, and engineered solutions to the marine and upstream oil and gas industries, as its exclusive distributor for Bestobell Valves in North America. Through this partnership, Bestobell Valves, headquartered in the United Kingdom, and W&O, headquartered in Jacksonville, Florida


Which way will container freight rates go? Carriers at crossroads, says Drewry

drewry_logo_corporate.gif

New Drewry special report examines drivers of container freight rates, provides five year forecasts of major east-west trades and offers suggestions for carriers and shippers on how to smooth pricing volatility. London, UK, 14th March 2011 – Container freight rates go up and then they go down - that’s just the way things are. This almost pathological acceptance that things cannot and will not change is a symptom of a deficiency within container shipping’s DNA that prevents


Irish Ferries Rejects Labor Court Ruling

According to an AP report, Irish Ferries PLC rejected an Irish Labor Court recommendation and plans to continue with widely criticized plans to replace more than 500 employees with cheaper workers from Eastern Europe. The struggling operator of car ferries between Ireland, Britain and France did not accept the court's nonbinding ruling, which called on Irish Ferries to honor its 2004 wage-pact agreement with the two labor unions involved.


Hydrogen Fuel Cells May Power Seaports

Sandia National Laboratories researcher Joe Pratt stands near the Port of Oakland, one of the west coast ports he studied to learn whether hydrogen fuel cells are a viable power source for docked ships. (Photo by Steffan Schulz)

Providing auxiliary hydrogen power to docked or anchored ships may soon be added to the list of ways in which hydrogen fuel cells can provide efficient, emissions-free energy. Hydrogen fuel cells are already powering mobile lighting systems, forklifts, emergency backup systems and light-duty trucks, among other applications. Now, researchers at Sandia National Laboratories have found that hydrogen fuel cells may be both technically feasible and commercially attractive as a clean


Nation’s Vessel Operators Join EPA as SmartWay Affiliate

Tom Allegretti, AWO President & CEO

The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, announced today that it joined the SmartWay Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency and stakeholders in the


MES Gets First Order for ME-GI Marine Engine

Photo: MES

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has received the first order of electronically controlled gas injection diesel engine (ME-GI) for MES. MAN B&W 8S70ME-C8.2-GI will be installed on two 2,400 TEU + 400 vehicles ConRo ships to be built by U.S. shipyard VT Halter Marine Inc


ICS Calls for Harmonized ECA Inspections

Peter Hinchliffe

The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonized approach to PSC inspections has been developed in advance of the January 1, 2015 deadline with respect to the implementation of the 0


LR to Class BC Ferries' LNG-fueled Newbuilds

Photo courtesy of BC Ferries

BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloyd’s Register (LR). The new intermediate class vessels will be the first vessels in BC


Alfa Laval’s Paved Way For Environmental Solutions

PureBallast 3.0

Alfa Laval claims a place as one of today’s environmental frontrunners among marine equipment suppliers. The company’s Pure Thinking portfolio comprises not only compliant solutions for the broadest range of environmental legislation


Alfa Laval's Adaptive Fuel Line

Alfa Laval Adaptive Fuel Line

Though fuel-saving practices like slow steaming are widespread, energy efficiency continues to be a pressing concern. Vessel fuel bills remain high – and will likely become even higher for those sailing in Emission Control Areas after January 2015


Kalmar Delivers 10 Straddle Carriers to MCT

Straddle Carrier of Kalmar

  Kalmar, part of Cargotec, has gained an order to supply ten electric straddle carriers to its long standing customer Medcenter Container Terminal (MCT), part of the Contship Italia Group, in Gioia Tauro, Italy. The order was booked into Kalmar's second quarter order intake with deliveries


Maersk Triple-E Ships Upgrade with Hull Performance Solutions

The capacity of a Triple-E vessel, 18,000 TEU

  Jotun, the global leader in marine antifouling coatings, has signed a landmark agreement with Maersk Line to supply Hull Performance Solutions with SeaQuantumX200 for the Triple-E new build project. The Triple-Es are the world’s largest ships - renowned as much for their energy


Damen, MTU & SVITZER to Launch World’s 1st RSD CNG Tug

RSD CNG Tug   16-cylinder pure gas engine being developed by MTU is based on its proven workboat Series 4000 M63 diesel engine

  Three leading companies have teamed up to bring the first ever Reverse Stern Drive (RSD) Compressed Natural Gas (CNG) tug to the market. Damen Shipyards of the Netherlands, German engine manufacturer MTU Friedrichshafen, a subsidiary of Rolls-Royce Power Systems


First RSD CNG Tug to Launch in 2016

Rendering of the new RSD CNG Tug (Image courtesy of Damen)

Three companies have teamed up to bring the first ever Reverse Stern Drive (RSD) Compressed Natural Gas (CNG) tug to the market. Damen Shipyards of the Netherlands, German engine manufacturer MTU Friedrichshafen, a subsidiary of Rolls-Royce Power Systems


New Fuel Rules Steer Europe toward Compliance Chaos

Northern European regulators will face a battle with many shipping companies over new EU rules aimed at cutting pollution from ship fuels as some owners are likely to find it cheaper to pay fines than to comply. Ships are typically powered by heavy fuel oil or bunker oil


Damen’s First Hybrid Tug Delivered

The Bernardus is Damen’s first ASD 2810 Hybrid tug. (Photo: Damen)

Newly designed Damen ASD Tug 2810 Hybrid presented at ITS, Hamburg Iskes Towage & Salvage took delivery of the Bernardus, the first Damen ASD 2810 Hybrid, Damen announced in a press release today, stating the delivery represents a turning point for the tug industry as operators and port


Wärtsilä to Power World's first LNG Fueled Icebreaker

The new icebreaker built by Arctech Helsinki Shipyard for the Finnish Transport Agency and powered by Wärtsilä dual-fuel engines will be the most environmentally friendly icebreaker ever built.

A new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable of operating on both liquefied natural gas (LNG) and low sulphur diesel fuel. When launched in late 2015


Alfa Laval Scrubbers to Equip Finnlines Vessels

PureSOx

The order intake for the Alfa Laval PureSOx scrubber system continues to intensify as January 2015 approaches. Four PureSOx systems have now been ordered by Finnlines, a leading provider of RoRo and Ropax services, whose Baltic Sea and North Sea operations will soon fall within an Emission Control


China, Vietnam, Shipyards Deliver Newbuilds to VSL

Guilia l: Photo VSL

Investors in the shipping & logistics industries VSL, says that in just over a week its first two eco-newbuildings joined its fleet, with the delivery from Vietnam of the 'High Sun' product tanker (in partnership with d’Amico International Shipping – DIS) and the 'Giulia I'






 
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