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Energy Chain News

21 Sep 2023

ABB's Power, Propulsion, and Automation for Samskip's Hydrogen-powered Container Ships

Image credit: Naval Dynamics

ABB has won a contract to deliver a power, propulsion, and automation system for two new-built short-sea container ships for Rotterdam-based global logistics company Samskip Group.According to ABB, the vessels will be among the world’s first of their kind to use hydrogen as a fuel. Financial details of the contract were not disclosed. Built by India-based Cochin Shipyard, the 135-meter ships are due for delivery in Q3 and Q4 of 2025, respectively. Both vessels will be operating between Oslo Fjord and Rotterdam, a distance of approximately 700 nautical miles.

27 Jul 2022

Financing and Bankability of Offshore Wind Vessels

© eyeimagery / Adobe Stock

In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind sector and, while the nature of the financing available will depend to a large extent on the employment of the vessel…

23 Feb 2022

The Path to Zero: ABB, Ballard Progress Work on High-power Fuel Cell Concept

Photo courtesy ABB/Ballard Power Systems

ABB and Ballard are progressing to decarbonize marine transport and have received an AiP from DNV for their high-power fuel cell concept, the development of which was launched in 2018. The high-power fuel cell unit is designed to be a flexible solution that will support the energy needs of a diverse range of vessels requiring multiple 3 MW blocks of power. A cruise vessel operating in coastal areas could either run entirely on fuel cell power or switch to it when operating in environmentally sensitive areas or emission control zones…

08 Apr 2020

ABB Building Fuel Cells to Power Large Ships

Concept illustration of a large vessel powered by fuel cells. Image credit: ABB

ABB signs Memorandum of Understanding (MOU) with Hydrogène de France to jointly manufacture megawatt-scale fuel cell systems capable of powering oceangoing vessels.The MOU between ABB and hydrogen technologies specialist Hydrogène de France (HDF) envisages close collaboration on the assembly and production of the fuel cell power plant for marine applications.Building on an existing collaboration announced on June 27, 2018 with Ballard Power Systems, a global provider of proton exchange membrane (PEM) fuel cell solutions…

21 May 2019

World-First: Hydrogen-powered Push Boat

Concept illustration of a push boat powered by fuel cell system (Image: ABB)

A new vessel being built to operate along the Rhône river in France will be the world's first push boat to run entirely on hydrogen fuel cells.The newbuild for the France-based Sogestran Group subsidiary Compagnie Fluviale de Transport (CFT) is due for delivery in 2021 and will feature a fuel cell based power and propulsion solution from ABB through its role in FLAGSHIPS, the EU-funded initiative to deploy commercially operated zero-emission vessels for inland and short sea operations.

27 Jun 2018

MOU to Develop Zero-Emission Fuel Cell Power Plant

Photo courtesy of ABB

ABB and Ballard Power Systems signed a Memorandum of Understanding (MoU) on developing the next-generation fuel cell power system for sustainable marine e-mobility.The fuel cell power system, to be jointly designed, developed and validated by ABB and Ballard Power Systems, is anticipated to play a significant part in accelerating the industry-wide adoption of sustainable solutions for marine e-mobility, and help ship-owners meet the increasing demands for clean operations.ABB…

08 Nov 2017

Royal Caribbean Takes the Lead on Fuel Cell Tech

Image: ABB

As the maritime world rapidly evolves to incorporate increasingly clean and efficient power sources onboard ships at sea, the cruise industry is emerging as a clear leader in the sector, driven by the high-profile nature of its ships and the often pristine environments to which they traverse. With that, ABB announced that it will deliver the first fuel cell system to Royal Caribbean, a pilot program in which the RCL ship will be the world's first fuel cell system on a luxury cruise ship.

29 Oct 2014

Explosion-protected Crane Systems

A customized, explosion protected 80 metric ton lift capacity crane as supplied by J D Neuhaus for use on an offshore rig

Crane systems manufactured by the J D Neuhaus company can be supplied with Atex classifications EX II 2 GD IIA T4 / EX II 3 GD IIB T4, with increased spark protection also available for explosion level II C. The company said its products are currently used worldwide, operating in some of the most dangerous dust laden conditions as well as hazardous, toxic and potentially explosive atmospheres, where typical applications include mining, tunneling, foundries and cement plants, with toxic and hazardous locations including chemical processing…

07 Mar 2014

Severe U.S. winter leaves questions for gas, power markets

Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain. As sub-freezing temperatures spread in January and February, spot natural gas prices spiked at many gas delivery points in the Midwest, Northeast and New York, pushing wholesale power prices above $100 per megawatt-hour for days at a time. Customers will soon receive gas and electric bills, reflecting the higher cost of gas in January. In unregulated power markets, January bills will present a "double whammy," said Nick Akins, chief executive of American Electric Power Co, one of the largest U.S.

30 May 2013

Eni Directors Approve Bond Issue

Offshore Congo Platform: Photo credit Eni

The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues. The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 30 May 2014. The company says that the bonds will enable it to maintain a well-balanced financial structure, in terms of short term and medium/long-term debt and average duration of the debt. The bonds may be listed on regulated markets.

16 Sep 2011

RINA celebrates ties with China

International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification. Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region. Today in Shanghai RINA CEO Ugo Salerno and Vincenzo De Luca…

20 Jun 2011

TEN Enters Four-Year Time Charter

Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) has announced a four-year time charter for the 2007-built 150,000 m3 LNG carrier Neo Energy to a major international energy concern. expected to commence in the first quarter of next year upon expiration of the vessel’s existing employment. This new charter, in line with current market levels, is anticipated to make a significant contribution to the bottom line over its duration. “The operational performance of the Neo Energy since delivery in 2007 coupled with the current strength in the LNG markets has enabled us to secure an attractive employment for the vessel over the next four years,” stated Mr. Nikolas P. Tsakos, President and Chief Executive Officer of TEN.