Energy Efficiency Fuels Shipping Strategies at Posidonia

(Press Release)
Tuesday, June 05, 2012

As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and performance verification methods emerge.

The world’s major ship building nations agree that a combination of a stubborn global recession and high fuel prices which affect global trade and impact newbuilding orders require innovative thinking, creative strategies and investments in R&D to create the foundations for a new generation of shipping infrastructure which will be more resilient to fluctuating heavy fuel prices and more adaptable to alternative forms of energy.

“Market conditions are not very good at the moment and there doesn’t seem to be a quick-fix solution to the challenges facing the global shipping sector,” said Oh-Yoon Kwon, General Manager of the International Cooperation Department for the Korean Shipbuilders’ Association (KOSHIPA), which is represented at this year’s Posidonia exhibition with eight of its nine members. First-time Posidonia exhibitor Dae Sun is one of Korea’s ship yards which has felt the pinch from the reduced number of newbuilding orders from Greek shipowners.

Greek or not, owners or suppliers, the world’s shipping industry is fast adapting to a new era of fleet management solutions to improve performance and enhance margins; from newbuilding designs to ship conversions and macro level energy management strategies, shipping embraces bold thinking and innovative technologies to tow itself forward.

At Namura, a major Japanese shipbuilder who is also present at this year’s Posidonia, they are near the end of a three year Green Ship Project designed to break new grounds in fuel consumption efficiency. “Every owner is interested to cut costs down so we are trying to brash up the standard design  and develop new technologies  that help reduce CO2 levels and fuel consumption by 30 per cent,” said Kazutomo Taguchi from the planning and development department of Namura Shipbuilding.

The Japanese company has heavily invested in R&D to develop energy efficient designs that include higher efficiency propellers, electronically controlled main engines, improved superstructure shapes that reduce air resistance and rudder fins.

Experts agree that while innovative design is a key component for the fleet of the future, a more holistic and strategic approach is required by fleet owners and the industry at large in order to optimize the benefits for the sector and global trade at large.

“Whatever the price of heavy fuel is in the future and no matter which type of fuel will prevail in years to come, shipowners need to adopt long-term strategies based on informed investment decisions which take into account their bespoke energy needs, potential fuel-saving areas and acquire a good understanding of future fuel types,” said Nicholas Brown, Marine Communications Manager, Lloyd’s Register.

“In an increasingly complex world, the industry needs more sophisticated approaches to design and verification and Greek and international companies have already adopted tools such as our international energy management standard ISO 50001 in order to track and verify their fleets’ performance,” he said. 

On the flip side, high energy prices have been a bonus for niche maritime infrastructure manufacturers with Singapore seeing a strong growth in its oil rig making and Floating Production Storage and Offloading (FPSO) sectors. “Our ship yards are very busy with a lot of offshore oil rig orders for the oil majors. We are investing in the expansion of our existing facilities and development of new infrastructure both at home and away to be able to cope with demand as our yards have existing orders for delivery up to 2015,” said Winnie Low, Executive Director, Association of Singapore Marine Owners.

Singapore, Japan and Korea are three of the 20 countries which have fielded national pavilions at Posidonia 2012, the biggest shipping trade event in the world, which was officially inaugurated yesterday by Greek Prime Minster Mr. Panayiotis Pikramenos. More than 1,870 exhibitors from 87 countries are present at the event which is taking place at the Metropolitan Expo Centre from June 4 – 8. More than 17,000 shipping executives are expected to visit the show.

Posidonia 2012 is sponsored by the Greek Ministry of Development, Competitiveness and Shipping, the Municipality of Piraeus, the Hellenic Chamber of Shipping, the Union of Greek Shipowners, the Greek Shipping Co-operation Committee, the Hellenic Shortsea Shipowners’ Association and the Association of Greek Passenger Shipping Companies.
 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Environmental

MARAD: Total Fuel Cycle Study for Natural Gas

The Maritime Administration (MARAD) released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels. Results showed

Caribbean Storm Likely to Strengthen, Veers Away from US

A low-pressure system moved over Puerto Rico on Friday and is expected to veer northeast away from the U.S. East Coast but still has an 80 percent chance of forming

DoD Awards US$117-M New Orleans Dredge Contract

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with

Energy

LNG Transport Barge Design Approved by ABS

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

China Appeals WTO Ruling on US Solar Panel Dispute

China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday.

Fuels & Lubes

MARAD: Total Fuel Cycle Study for Natural Gas

The Maritime Administration (MARAD) released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels. Results showed

LNG Transport Barge Design Approved by ABS

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol

LNG America Selects Topside Designer for LNG Bunker Barge

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1513 sec (7 req/sec)