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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

TNO Receives 'International Media Award for Prevention'

The Engagementgame developed by TNO in collaboration with partners is the winner of the 'International Media Award for Prevention' in the category Multi Media.

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Environmental

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Cavernous Swiss Power Plant Undermined by Renewable Energy

Deep in a Swiss mountain, workers have blasted out a cathedral-sized hole for a power plant that will help keep Europe's lights on, but the profit outlook for the 1.

China's National Carbon Market to Start in 2016

China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules

Energy

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field

Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom ,

Statoil Says Normal Operations at In Amenas Gas Plant Resuming

Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday.

Fuels & Lubes

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

Rosneft and AVTOVAZ Strengthen Strategic Cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.2521 sec (4 req/sec)