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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Two Newbuilds Delivered to Star Bulk

Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers

Brazil Truck Strike Diminishes

Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a

Environmental

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

Wärtsilä BWM Systems for Chemical Tankers

A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS)

Vessels for the Future – New R&D Initiative

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially.

Energy

Ferguson Appoints Partner OPS-OES

Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Hike in Service Tax at Indian Ports

The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The rate

Fuels & Lubes

Interview: Nakilat's Samir Bailouni

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir

ADB Okays $30mln for Pak LNG Terminal

The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.3987 sec (3 req/sec)