LNG-fuelled Ultra-Large Container Ships of the Future

By Eric Haun
Wednesday, June 04, 2014

Joint 14,000 teu boxship LNG as fuel project will be ‘cornerstone’ of a broad sustainability strategy supported by LR

Capital Ship Management Corporation is prioritizing a business strategy inspired by, and applying, the key principles and goals of the International Maritime Organization’s (IMO’s) Strategy for Sustainable Maritime Transport Systems. Capital is incorporating key 'imperatives' and 'goals', as defined by IMO in the company’s management systems across its operations.

Capital has established a task force to implement specific actions, plans, processes and to develop systems addressing sustainability. Priority has been given to the promotion of a safety culture and environmental stewardship, as well as to the education, training and support of seafarers. Additionally, the strategy will encompass a drive to reduce the energy required to operate and explore and evaluate the potential of alternative marine fuels – particularly LNG.

At a project launching ceremony held during Posidonia 2014, Evangelos Marinakis, Chairman of the Board of Capital Product Partners LP, commented, "We need to understand and derive the maximum benefit from new technologies and the innovations that can drive total corporate performance – making our ships more efficient and attractive in the market place, offering our seafarers safe and rewarding careers, all while working to reduce the environmental impact of the ships we manage."

LR is providing independent verification of Capital’s sustainability performance to ensure effective measurement of progress and client awareness of key performance indicators as well as supporting the LNG as fuel joint development project. "Capital’s strategy is a platform for innovation," says Apostolos Poulovassilis, Regional Marine Manager EMEA for Lloyd’s Register. "And we provide independent insight, risk analysis, experience and the verification to support operational and investment decisions - as new systems, processes and technologies are considered and adopted. Capital is addressing the issues that are raised by the research and development that we have carried out to date such as our Global Marine Fuel Trends 2030 report issued in March."

The Joint Development Project between Capital, LR and Daewoo Shipbuilding and Marine Engineering (DSME) is specifically examining LNG as fuel, its technology specification and costs including fuel performance, as well as the potential safety implications of its use on a future ultra large container ship design which will be developed with input from all three stakeholders.

LR now has a significant portfolio of newbuilding and design projects underway supporting the expansion of LNG as fuel away from small scale local trades into more sophisticated, larger volume LNG as fuel projects. 

Marinakis concluded, "Capital Ship Management strongly believes that the benefits of lower SOx, NOx and, potentially, reduced greenhouse gas emissions makes LNG as a marine fuel an attractive option.  We think that competitive LNG pricing and an adequate global LNG bunkering infrastructure could be a reality within five to ten years. We want to be ready and we welcome the broad support that our partners LR and DSME can provide in helping us develop more sustainable shipping solutions."

lr.org

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

Container Ships

Asia-Europe Box Rates Fall Almost 6 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday,

Cosco Bulk Shipping Losses Down in 2014

China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market.

APM Terminals Mumbai Welcomes China Shipping

APM Terminals Mumbai welcomed China Shipping Container Line’s HS Paris on March 20th, on her maiden call as part of the Middle East-Indian Subcontinent-North America (MINA) Service,

LNG

GAIL Seeks 7 LNG Cargoes

GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters.

Big Spending on Liquefaction Terminals

Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to

Studies Show U.S. Offshore’s Untapped Potential

While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60,

News

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Russia Names Nominee for IMO Secretary General

Russia has for the first time put forward a candidate to compete for the post of IMO Secretary General   The Russian Federation has nominated Vitaly Klyuev, Russia’s

Asia-Europe Box Rates Fall Almost 6 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday,

Vessels

Steady Growth Reported by the Swedish Club

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where

Holland America Line Ships Score 100

On recent routine United States Public Health inspections (USPHI) conducted by the U.S. Centers for Disease Control and Prevention, Holland America Line’s ms Statendam,

Yachting Malta PPP Sets Sail

Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

Classification Societies

DNV GL - Maritime CEO Addresses Cybersecurity at CMA 2015

“Ships and offshore structures are becoming more and more interconnected,” said Tor Svensen, CEO DNV GL - Maritime, when taking the stage at this year’s CMA

Lloyd's Launches 2015 Container Certification Scheme

Lloyd’s Register launched its 2015 Container Certification Scheme today to give a clear and concise set of rules to ensure offshore and onshore containers are safe and certified correctly.

Attracting, Retaining Talent - IRS Shows the Way Forward

At a time when the global shipping industry is going through an unprecedented and extended downturn, the overriding challenge is to stay afloat and wait for the tide to turn.

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.1245 sec (8 req/sec)