Corvus Energy to Power UK Hybrid Ferry
Corvus Energy Inc. has announced that Wärtsilä, provider of ship machinery, propulsion and maneuvering solutions, has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid ferry being built for UK based Wightlink Ferries. Corvus Energy will supply its Orca Energy ESS solution to compliment a comprehensive range of modern Wärtsilä equipment and systems, which will deliver industry leading environmental efficiency with this new vessel. The new ferry, entering into service in 2018, will serve the crossing between the Isle of Wight and the English mainland 20 times per day, holding up to 178 vehicles and over 1000 passengers.
JNPT Now Harnessing Solar Power
India’s largest container port, Jawaharlal Nehru Port Trust (JNPT) will now harness solar energy and reduce its dependency on conventional electricity from the grid. JNPT is installing solar power plant on several rooftops in its township and commercial premises. This green initiative by JNPT is part of its push towards becoming the most sustainable energy generation port organisation in India. Rooftop solar plants allows the use of roof of buildings, an area which is otherwise not usable, for sustainable energy generation also ensuring financial savings.
Norway Approves PBES Lithium Energy Storage
Plan B Energy Storage (PBES) said its marine energy storage system has received approval for use in electric and hybrid vessels in Norway, having met the new Norwegian Maritime Authority (NMA) standard. The lithium-ion battery manufacturer PBES, who uses the proprietary CellCool cooling and E-Vent ventilation systems, tested its energy storage system at its Trondheim facility on June 17, 2016. The test attempted to force overcharge the batteries into a thermal runaway situation and was prevented by the PBES safety systems.
Moody's Threatens Downgrade of Maersk
Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade, because large parts of the oil revenue will no longer contribute to upholster transport division. "We have placed the ratings of Maersk on review for downgrade because we believe that its business diversification will reduce significantly with the separation of its energy businesses which represented 62% of EBITDA as of the first half of 2016…
Pavilion Energy, ExxonMobil Join on Singapore LNG Bunkering
Pavilion Energy Pte Ltd (Pavilion) and Exxon Mobil Corp. (ExxonMobil) will work together to develop liquefied natural gas (LNG) bunkering in Singapore, as well as other downstream projects, reports the Straits Times. Both companies will also look at developing other downstream projects here, said Pavilion Energy chief executive Seah Moon Ming. The downstream sector typically refers to the processing and selling, or distribution of gas. Seah said that the collaboration is aimed at establishing and fine-turning LNG bunkering procedures, starting with truck-to-ship deliveries.
IEA: Global Energy Investment Down 8% in 2015
While the plummet in energy spending should come as little surprise to anyone knowing anything about global maritime and energy markets, the International Energy Agency helped to put the precipitous drop in perspective, reporting that the global energy spend was down 8% in 2015. In a first-ever detailed analysis of investment across the global energy system, the International Energy Agency (IEA) said on Wednesday that global energy investment fell by 8% in 2015, with a drop in oil and gas upstream spending outweighing continued robust investment in renewables, electricity networks and energy efficiency. Total investment in the energy sector reached $1.8 trillion in 2015, down from $2 trillion in 2014, according to World Energy Investment 2016 (WEI 2016).
Siemens Bags Electric Ferry Propulsion Contract
Siemens said it has secured a contract to supply propulsion systems for two new The all-electric battery ferries to be operated by Fjord1 on the E39 Anda-Lote route on the west coast of Norway. Both vessels will have a cargo capacity of 120 cars, 12 trailers and 349 passengers. Operation on the 2.4 kilometer-long route will start in January 2018. With this contract, the first four battery-driven ferries in the world will run on technology developed and manufactured by Siemens, the company noted.
Next Steps in IMO’s Energy Efficiency Training
International Maritime Organization (IMO) is continuing its work to support developing countries to prevent air pollution and greenhouse gas emissions from ships with a global training exercise held in Batumi, Georgia (12-14 September). Participants are being trained to use three new draft guides, specifically developed under IMO’s GloMEEP project in collaboration with IMArEST, which cover i) rapid assessment for determining the country maritime energy efficiency and emissions status…
ClassNK to Host Floating Offshore Wind Round Table
ClassNK, Japan’s an international certification and classification society, will host a round table discussion about floating wind technologies on the sidelines of Wind Energy Hamburg (WEH) on September 26. “ClassNK is one of the leading classification societies, boasting over a century of technical experience in the maritime sector,” says Hirofumi Takano, Director of Innovation Division at ClassNK. An exciting panel of leaders from this growing global market segment — including University of Tokyo Prof.
IMO Releases New Guides for Energy Efficiency Regulations
Three new guides that will support States to effectively implement IMO-adopted mandatory energy-efficiency measures for shipping have been rolled out during a training under the Global Environment Facility (GEF)-United Nations Development Program (UNDP)-International Maritime Organization (IMO) GloMEEP Project, paving the way for further work in climate change mitigation by the maritime sector. The GloMEEP training was held from 12 to 14 September in Batumi, Georgia, which is one of the Lead Pilot Countries of the Project.
Oil Soars 6% as OPEC Reaches Deal to Limit Output
Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said. Brent crude was up $2.76, or 6 percent, at $48.73 a barrel by 2:28 p.m. EDT (1820 GMT), after reaching a more than two-week high of $48.96. U.S. West Texas Intermediate (WTI) crude rose by $2.35, or 5.4 percent, to $47.02, peaking at $47.45, its highest since Sept 8. The Organization of the Petroleum Exporting Countries has agreed to limit production to 32.5 million barrels per day, OPEC sources said after talks held by the group on the sidelines of the Sept. 26-28 International Energy Forum in Algiers. The latest production figure for the group is 33.24 million bpd.
High-pressure Plunger Pumps with New Drive Tech
KAMAT has fundamentally revised the mechanical powertrain of its triplex plunger pumps for pressures up to 3,500 bar. As a result, the pumps operate much quieter, and the drive systems consume less energy - in particular in combination with a variable speed drive. According to this principle, KAMAT has developed a new powertrain for its high-pressure plunger pumps and has introduced these drives systems successively in all series. The reason for this was the wish of some users to find a low-noise high-pressure pump.
Fitch: Maersk Gets Little Solace from Sectoral Diversification
The decision by A.P. Moeller-Maersk A/S to split into two separate divisions - Transport & Logistics and Energy - reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle, Fitch Ratings says. We do not expect the split to significantly improve the performance of the group's separate units, although the increased focus may help long-term strategy execution. We believe…
Finland's 1st LNG Terminal Opens
Finland’s first liquefied natural gas (LNG) import terminal at Pori on the west coast was officially opened, says Gasum. Deliveries of LNG to customers began on the same day, the company said in its statement. It enables LNG deliveries to industrial, maritime and heavy-duty road transport customers outside the gas pipeline network and diversifies the Finnish energy market. Access to LNG in Finland will improve considerably following the opening of the terminal. This is an important…
Plan Introduced to Drive US Offshore Wind Energy
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan, entitled National Offshore Wind Strategy: Facilitating the Development of the Offshore Wind Industry in the United States, details the current state of offshore wind in the U.S., presents the actions and innovations…
Maersk to Split Into Two Divisions
It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses. Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth, as it battles with the worst shipping downturn in years and a historic oil-price rout. "As announced on 23 June 2016, the Board of Directors has tasked the management of A.P. Møller - Mærsk A/S to perform a review focusing on the strategic and structural options for the Maersk Group with the objective of generating growth…
First Offshore Exhibition at Maritime Museum Rotterdam
Over forty-five leading companies in the shipping and offshore maritime sector are among those who have contributed to the funding for the first ever exhibition in the Netherlands dedicated to the offshore sector, to be housed at The Maritime Museum Rotterdam for the next seven years. Offshore Experience, which will open in mid-December, will provide visitors with a spectacular overview of the search for oil, gas, wind energy and renewables at sea. Frits Loomeijer, General Director of the Maritime Museum says…
Marine Premiums Drop 10%, Could get Worse
The International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global underwriting premiums for 2015 of USD 29.9bn. This is a 10.5% reduction on the 2014 figure. Vice-Chairman of IUMI’s Facts & Figures Committee, Astrid Seltmann explains, “Part of the reduction can be attributed to the strong US dollar as compared with other currencies but this is not the whole picture, particularly for hull and offshore energy where much of the original business is written in USD.
Tropical Coral reefs lose their Zooplankton through Ocean Acidification
Tropical coral reefs lose up to two thirds of their zooplankton through ocean acidification. This is the conclusion reached by a German-Australian research team that examined two reefs with so-called carbon dioxide seeps off the coast of Papua New Guinea. At these locations volcanic carbon dioxide escapes from the seabed, lowering the water’s acidity to a level, which scientists predict for the future of the oceans. The researchers believe that the decline in zooplankton is due to the loss of suitable hiding places.
ClassNK: Guidelines on Laser-Arc Hybrid Welding
Classification society ClassNK has released Guidelines on Laser-Arc Hybrid Welding (Ver. 3) aiming to support the widespread application of laser-arc hybrid welding in shipyards. Laser-arc hybrid welding is a high quality and highly-efficient welding process which combines both laser and arc welding methods, capable of achieving the same depth of penetration as the standard arc welding process whilst also inhibiting thermal deformation due to its low required heat input. This guideline (Ver.
Statoil to Supply Small-scale LNG to Baltics
Norway's Statoil will supply small-scale liquefied natural gas (LNG) to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said on Thursday. The move comes after the energy firm signed an agreement on Thursday with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija, to balance the gas supplies at the Klaipeda terminal. "If I'm sitting here in five years and this is a success story, I hope that we are churning three to five conventional cargos annually into this market", Statoil's head of LNG operations Ingvar Skogseide told reporters. Reporting by Andrius Sytas
DNV GL & “The Future of Spaceship Earth”
At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further, faster on multiple fronts to ensure the sustainable future of the planet. Calling for “extraordinary action” to achieve the 17 Sustainable Development Goals (SDG’s) as presented in 2015, Remi Eriksen, CEO, DNV GL introduced “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050, at the UN in New York this morning.
New Software Aims to Transform Ship Maintenance
A consortium of technology suppliers led by BAE Systems is developing software that monitors the equipment, fuel and energy performance of a ship to provide real time information that will help the U.K. Royal Navy and commercial organizations better manage their fleets. The technology known as Ship Energy Assessment – Condition Optimization & Routing Enhancement System (SEA-CORES) analyzes big data from the complex systems on board a ship to provide a live model of its performance wherever it is in the world.