Team Resolute Unveils Evolved Design for Fleet Solid Support Ships
Team Resolute, a consortium of Navantia UK, BMT and Harland & Wolff, has unveiled its evolved design for a Fleet Solid Support (FSS) ship.The progress towards a mature design is a key part of the UK Ministry of Defence’s (MoD) £1.6 billion 'Manufacture Contract’ for three FSS ships that will provide the Royal Fleet Auxiliary with enhanced capability to support global operations for the Royal Navy. The design from BMT’s UK based engineers and naval architects represents a significant advancement in naval logistics capability…
Clearing the Air: Alfa Laval, NMRI Test Onboard CO2 Capture
As the marine industry moves toward decarbonization, partnerships that transcend technologies and borders will increasingly play a prominent role. In this regard, Alfa Laval and Japan’s National Maritime Research Institute (NMRI) today announced positive resultes on an innovative carbon capture and storage (CCS) test.Initiated by NMRI, the CO2 capture testing project was designed to provide real-world validation of results achieved in the lab. It required a full-scale hybrid scrubber system, and Alfa Laval's PureSOx was used..
DNV GL: LNG is a Growing Force
At DNV GL’s Nor-Shipping press flash, Martin Wold, head of the Alternative Fuels Insight (AFI) platform at DNV GL – Maritime, presented the latest AFI figures. Looking at the data, Wold said that exponential growth in installed LNG tank capacity pointed to a potential boom in LNG for larger vessels over the coming years.Is shipping at a turning point in terms of its fuel mix? AFI head Martin Wold suggested that the rapid growth in installed LNG tank capacity could mark the start of a new era in ship fuel.
Cautious Optimism in LPG Shipping: Dorian LPG
Global liquefied petroleum gas (LPG) export volumes for the calendar 2015 reached 80 million metric tons, an 11 percent increase over the previous year. U.S. LPG exports alone reached a record of nearly 21 million metric tons, which is a 50 percent increase over the previous year. The U.S. became the largest LPG exporter in the world, accounting for 25 percent of the global seaborne export volumes, which were shipped to Central and South America, Asia, and Europe and the Mediterranean at about 43 percent, 29 percent and 26 perecnt, respectively. The strong LPG export volumes from the U.S. Gulf and in particular large cargo movements (on VLGC vessels) from West to East have increased ton-miles for the segment Dorian LPG has focused on and has supported shipping demand for VLGC vessels.
Dorian LPG Post 3Q 2016 Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers, today reported its financial results for the three months ended December 31, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "The third quarter was an extremely busy period for Dorian as we took the delivery of seven new Eco-design VLGCs. Our cash flow generated from operations has allowed us to repurchase an additional 480,231 shares of our common stock for $5.8 million over the quarter under the board's previously announced authorization to repurchase up to $100 million on or before December 31, 2016. Going forward, we anticipate higher profits and cash generated from operations as a result of our larger fleet, assuming continued favorable market conditions.
Denmark's Promising Future
One of the world’s leading seafaring nations, Denmark has maritime roots stretching back more than 1,000 years. While its history is strong, the Danish market has its collective eyes squarely on the future. In its quest for continued relevance, it seeks to continue delivering innovative technologies, as well as championing green shipping and offshore initiatives. Denmark’s maritime sector fosters engineering expertise within shipping and offshore industries, as well as maritime and technological services.
Commercial Marine Engine Emission Standards Finalized
EPA Administrator Carol Browner signed a final rule establishing new emission standards for commercial marine diesel engines at or above 37 kW (approximately 50 hp). EPA's final rule aplies emission standards to new engines only, beginning with the 2004 model year. Vessels and engines built before 2004 will not be subject to emission control requirements. However, if a vessel is subsequently modified such that 50 percent of the modified vessel's value is derived from new material or components, the vessel will be considered new and will be required to meet engine emission standards in effect at the time the modifications are made. EPA believes this will prevent companies from re-using parts from used vessels to avoid emission standards.
