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Energy Efficient Vessels News

09 Feb 2024

Furetank Orders Two More Vessels

(Photo: Furetank)

Furetank adds another two Vinga vessels to the order line. Upon delivery, Furetank’s fleet will consist entirely of environmentally proven, top standard vessels with an average age of two years, the company said."We did our homework. This development towards sustainability has been an amazing journey," said Furetank CEO Lars Höglund.The vessels are number 20 and 21 in the Vinga series of intermediate size product tankers and will be fully owned by Furetank Rederi AB. They will replace older tonnage.The Vinga series has been rapidly expanded in the last few years…

18 Sep 2023

Glamox to Illuminate Havfram Wind's Newbuild WTIVs

Credit: Glamox

Lighting solutions specialist Glamox has won a contract from the Chinese shipbuilder Yantai CIMC Raffles Offshore Limited to light Havfram Wind’s two new Wind Turbine Installation Vessels (WTIV). These new vessels will be capable of installing the next generation of giant wind turbines with rotor blades of more than 300 meters in diameter. The interiors and exteriors of each Havfram NG-20000X-HF vessel will be fitted with around 3,300 Glamox energy-efficient LED luminaires, helping to ensure safe operations with a low carbon footprint.The two Havfram Wind jack-up WTIVs…

14 Sep 2023

Furetank and Algoma JV Orders Two More Vessels

(Photo: Furetank)

Furetank and Algoma Central Corporation announced further expansion of their FureBear joint venture with orders for two additional vessels. The two ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected in second and third quarters of 2026.The new order for Vinga series vessels grows the FureBear joint venture to a total of 10 intermediate product tankers under construction, with the first vessel slated for delivery in the first quarter of 2024.

15 Aug 2023

New Ultramax Vessel Delivered to Norvic Shipping

(Photo: Norvic Shipping)

Dry bulk owner and operator Norvic Shipping has taken delivery of a newly built ultramax vessel on a long-term charter as the organization continues to expand its fleet.The 64,000 dwt fuel-efficient vessel, named Norvic Copenhagen, will be deployed worldwide after being delivered by Imabari Shipyard during a recent handover ceremony in Japan.AJ Rahman, Group Chairman and CEO of Norvic Shipping, said, “Acquiring dry-bulk vessels on lengthy charters is part of Norvic’s strategy to expand our long-term fleet…

01 Jun 2023

Sener Designs Biofuel Tanker Than Can Capture CO2 from Other Ships

©Sener

Spanish engineering and technology group Sener said Thursday it had completed the conceptual design of a new sustainable biofuel tanker aimed at supplying biofuels during bunkering operations, that is also capable of capturing CO2 from other vessels.The vessel would be able to carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and also store the captured CO2 from nearby vessels."The new vessel has been designed to operate in compliance with the energy efficiency and emission reduction requirements of the International Maritime Organization (IMO).

10 Nov 2022

Furetank and Algoma Order Four More Ships for FureBear JV

(Image: FureBear)

Swedish Furetank and Canadian Algoma Central Corporation expand the FureBear joint venture to include eight climate-friendly, dual-fuel product tankers to trade in Northern Europe.The 50/50 owned joint venture was announced in August and is now extended with four additional 17,999 DWT tankers, bringing the total investment to eight vessels.Like the initial four vessel order, the additional four ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China. Two of them have already been ordered by Furetank in September and will be transferred to FureBear…

23 Sep 2022

Furetank Orders Two More Dual-fuel Tankers

(Photo: Furetank)

Sweden-based Furetank announced it has signed a contract for two more dual-fuel tankers. The two 17,999 dwt vessels are scheduled to be delivered from the China Merchants Jinling Shipyard in Yangzhou in fall 2024 and spring 2025.The order marks the fifth and sixth sister ships ordered in Furetank's Vinga series this year. The class, designed with a special focus on energy efficiency and minimum environmental impact, has now reached 15 vessels altogether, all commercially operated by Furetank.Lars Höglund…

28 Jun 2022

ESL's AtoB@C Shipping Orders Six Hybrid-electric Bulkers

(Image: AtoB@C Shipping)

Sweden-based AtoB@C Shipping has ordered six energy-efficient hybrid-electric 5,350 dwt vessels from Chowgule and Company Private Limited shipyard in India.Total investment value of the six ships is approximately 70 million euros, according to AtoB@C, part of ESL Shipping. The order includes options for several additional ships.These new 1A ice class vessels are due for delivery starting from the third quarter of 2023.The design work of the ships and comprehensive model tests have been carried out together with the Dutch SMB Naval Architects.The greenhouse gas emissions…

14 Jun 2022

New Hydrogen-powered Tanker Concept Unveiled

(Image: TECO 2030)

A newly unveiled hydrogen-powered tanker concept aims to allow zero emission at berth, and up to 100% reduction of GHG emissions during voyage.The Hy-Ekotank concept, launched by TECO 2030 and partners Ektank AB, Shell Shipping and Maritime and DNV, would see fuel cells with compressed or liquid hydrogen storage retrofitted on existing Ektank vessels.The solution comes as the maritime industry continues to explore alternatives traditional petroleum-based marine fuels, and zero-carbon alternatives such as hydrogen…

30 Mar 2022

Bunker Vessel Delivered to Hai Soon Diesel & Trading

(Photo: Hai Soon Diesel & Trading)

Hai Soon Diesel & Trading (HSDT) has taken delivery of the third and final tanker in a series of bunker vessels constructed at Zhejiang Shenzhou Sunshine Heavy Industry Co., Ltd. Built to ABS class, the three 6,060 dwt oil tankers join HSDT’s 21-strong fleet to provide bunkering services to the fishing industry.“Hai Soon is committed to providing bunkering services at high seas and in ports with the highest standards of safety and service quality. We are happy to work closely with ABS in our business expansion with the addition of more energy-efficient vessels to our fleet…

23 Aug 2021

NOV to Design and Equip Cadeler's New WTIVs

(Image: Cadeler)

NOV announced it has signed a contract to design and equip two wind turbine installation vessel (WTIV) newbuilds for Denmark-based Cadeler. The new vessels will have the largest jacking capacity in the industry and will be able to transport and install seven complete 15 MW turbine sets or five sets of 20-plus MW turbines, NOV said.Under its deal with COSCO SHIPPING Heavy Industry and Cadeler, NOV will supply the overall design for the GustoMSC NG-20000X self-propelled jack-up…

30 Jun 2021

Cadeler Orders Offshore Wind Industry's 'Largest' Installation Vessel Duo

Credit: Cadeler

Offshore wind installation company Cadeler has ordered two new X-class wind turbine installation vessels from China's COSCO SHIPPING Heavy Industry.The total order amounts to $651 million, so $325.5 million per vessel. According to Cadeler, the new vessels will, upon completion, be the largest in the industry. They will be built in COSCO's shipyard in Qidong, China."Cadeler is delighted to announce that negotiations with COSCO SHIPPING Heavy Industry Co. Ltd. have been finalized…

19 May 2021

Danish Offshore Vessel Owner Eyes Business in Norway

Credit: Maersk Supply Service

Danish offshore vessel owner Maersk Supply Service said Wednesday it would reflag one of its anchor handling vessels to the Norwegian flag, hire Norwegian crew and set up an office in Bergen. The plan is to have its first vessel ready for operation in Norwegian water during summer 2021, the company said."With a strong focus on the towing and installation of floating units for offshore wind and the oil and gas industry, Maersk Supply Service sees a clear link between its core capabilities and the Norwegian market needs.

22 Mar 2021

Dorian LPG to Install Kongsberg Digital’s Vessel Insight

(Photo: Dorian LPG)

Kongsberg Digital announced that Dorian LPG (DK) ApS, a subsidiary of Dorian LPG Ltd., owner and operator of very large gas carriers (VLGC), has contracted to install Vessel Insight to its entire fleet of 22 liquefied petroleum gas (LPG) carriers. The agreement is expected to commence operation in the upcoming months.By installing Vessel Insight, Dorian is consolidating collection of all critical data from its entire VLGC fleet into one common infrastructure. The company aims to gain insight into signals coming from the fleet’s assets and enable realization of data-driven operations.

06 Jul 2020

Klaveness Lines Up Sustainability-linked Newbuild Financing

In May, the MV Barracuda made the first switch from dry cargo to jet fuel . (Photo: KCC)

Norwegian shipping company Klaveness Combination Carriers (KCC) said it has secured a $60 million sustainability-linked term loan and revolving credit facility for the financing of the seventh and eighth CLEANBU vessels with delivery in 2021, reportedly a first within the maritime industry. Nordea is acting as coordinator and bookrunner and Credit Agricole CIB as sustainability agent.The credit margin will be adjusted, up or down, based on KCC’s sustainability performance, as…

02 Jun 2020

Stena Line is 10 Years Ahead of IMO Emissions Goals

Stena Lines' new vessel Stena Estrid on the Irish Sea: The E-Flexer vessels represent the next generation RoPax vessels in terms of energy efficiency and can lower CO2 emissions by about 25% compared previous generations of ships. (Photo: Stena Line)

Ferry shipping company Stena Line reports it is 10 years ahead of international shipping's emissions reduction targets thanks to measures such as new, larger and more energy efficient vessels, AI assisted captains and an increased punctuality.The Sweden-based operator says that during 2019 it reduced its total CO2 emissions 1.7 %, corresponding to 24,000 metric tons of CO2 in total, while CO2 emissions per transported ton freight and passenger vehicles on board the vessels fell…

30 Oct 2018

Sembcorp Marine Bags Offshore Wind and Ferry Projects

Sembcorp Marine is breaking new ground in renewable  energy engineering solutions with two separate projects worth over S$200 million (USD 145 mln).The Group has inked an agreement with Ørsted Wind Power subsidiary Optimus Wind Limited for engineering, procurement, construction, hook-up and commissioning works on two topsides, to be deployed at the Hornsea 2 Offshore Wind Farm in the UK North Sea.With a combined weight of approximately 8,700 tonnes, the two topsides will be fabricated at Sembcorp Marine’s integrated yard facilities for delivery in the first quarter of 2021.The 1.4 gigawatt (GW) capacity Hornsea 2 Offshore Wind Farm – the world’s biggest when operational in 2022 – is located 89km north-east of Grimsby…

25 Mar 2017

Wijnne Barends to Build New Ships in India

Netherlands, based shipping company Wijnne Barends reports that it recently placed an order with India shipbuilder Chowgule & Company for the construction of six identical, energy-efficient vessels, local media reported. The shipyard in Goa will  build this energy-efficient 4,200-dwt ship with a length of 98 metres. These ships will meet the IMO Tier III standard for reducing nitrogen dioxide emissions. These standards, applicable worldwide and aimed at the reduction of emissions of nitrogen dioxide, were put into effect for all newly built vessels on American waters in January 2016. The delivery of the first ship from the shipyard has been scheduled for the last quarter of 2018.

14 Dec 2015

Maersk Unhappy with COP21 Climate Deal

The world’s largest container carrier, Maersk Line is very disappointed that regulation of the shipping industry was left out of the COP21 climate deal. The Danish shipping giant wants to see shipping back in the final draft of the COP21 agreement. John Kornerup Bang, the chief climate advisor at Maersk, explained that the company had hoped that the agreement would also include global requirements of the shipping industry, but that this was omitted from the final agreement. Regarding the consequences for the industry, John stated: “Our concern is more in the longer term where shipping might not get the right regulation to be helped into a much lower carbon future.

22 Apr 2015

Banks: Vessel Financing Increasingly Based on Energy Efficiency

Banks are beginning to recommend efficiency retrofits to shipowners, and are using energy-efficiency data in deciding which vessels they finance—and which they won’t, says a survey conducted by  Carbon War Room. If this trend continues, efficiency retrofits will offer increasing wealth-creating opportunities and inefficient ships will become more and more unmarketable. HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by global NGO CWR have indicated that vessel efficiency rankings — such as the A to G GHG emissions rating developed by independent ship vetting company RightShip and CWR — now form an important part of assessing risk and return, with inefficient vessels now representing a higher-risk investment.

19 Feb 2014

SNAME to Host Energy Efficiency Workshop

Jeff Lantz

The Society of Naval Architects and Marine Engineers (SNAME) will host a workshop on Marine Energy Efficiency for ships, tugs, ferries and OSVs at the Maritime Institute of Technology and Graduate Studies (MITAGS) in Linthicum Heights, Maryland, March 11-12. With a focus on the theoretical and practical aspects of reducing vessel fuel consumption, the two-day workshop will feature technical discussions from a Webb Institute Professor of Ship Design and a representative of the Danish Shipowners Association…

27 Jun 2013

Collaboration Fuels Environmental Ferry Development

SP Technical Research Institute of Sweden has long been engaged in research aimed at energy efficient vessels by increased use of lightweight shipbuilding materials. A major step forward was a recently completed concept development project where SP Fire Technology conducted life-cycle cost analysis and a comprehensive fire risk assessment for a car ferry in carbon fiber composite. The research project was performed within a Swedish-Danish-Norwegian cooperation MARKIS and received additional funding from SP and the Danish Maritime Fund.

05 Jun 2013

GL: ECO-Ships Are Here To Stay

At a press conference at Nor-Shipping 2013, classification society Germanischer Lloyd (GL) said that the trend toward building and operating so called ECO-Ships, or highly energy efficient vessels, was irreversible, given the potential cost savings for the maritime industry. The rise of the ECO-Ship has been questioned, with some suggesting that this focus on efficiency would fade if bunker prices fell. In a presentation held at the press conference Christian von Oldershausen, GL's Chief Commercial Officer, demonstrated how ECO-ships have substantial cost advantages over existing vessels, which has been borne out in a number of container vessel optimization projects undertaken throughout the world by GL.