ME-GI Engine Sails Through Gas Trials
MAN Energy Solutions announced that the first ME-GI engine featuring its newly-developed pump vaporizer unit (PVU) has completed liquefied natural gas (LNG) trials in Korea.The engine is installed aboard the first in a series of six neo-Panamax boxships—built by Hyundai Samho Heavy Industries (HSHI), and ordered by Singapore-based Eastern Pacific Shipping (EPS), the Singapore-based shipping company—each powered by individual MAN B&W 11G90ME-GI main engines. French container shipping company CMA CGM has already chartered the vessel…
Insights: Emissions Control and Compliance
Bob Kunkel needs no introduction to Marine News readers. Kunkel, President of Alternative Marine Technologies, previously served as the Federal Chairman of the Short Sea Shipping Cooperative Program under the Maritime Administration and Department of Transportation from 2003 until 2008. A past Vice President of the Connecticut Maritime Association, he is a contributing writer for Maritime Logistics Professional magazine and of course, Marine News. A graduate of the Massachusetts Maritime Academy…
India's LNG Market to Reach USD 30.7bln by 2025
India Natural Gas and LNG market is expected to grow from US$ 19.7 billion in 2015 to US$ 30.7 billion by 2025 at a CAGR of 5.06% between 2016 and 2025. According to a report by Research and Markets, natural gas including Regasified Liquefied Natural Gas (R-LNG) in India has been widely recognized as the fuel with multiple promising aspects. The present situation of the gas sector in India is going through multiple challenging phase. Due to its high macroeconomic growth visions and increasing population, the country is facing major challenge in terms of growing energy demand and greenhouse gas emission. Therefore, the appearance of natural gas is coming into existence with larger force.
H-Energy to Build Floating LNG Terminal in West Bengal and Canada
Business Standard reported that real estate developer Hiranandani Group plans to set up a INR 2,400 crore floating LNG import terminal off Haldia, West Bengal and supply imported gas to users as far as Paradip in Odisha. H-Energy Pvt Ltd, the Energy arm of the Hiranandani Group, plans to set up a 4 million tons a year floating storage and Re-gasification unit (FSRU) some 115-km off the Haldia coast by first quarter of 2019. In the Natural Gas business, upstream integration is common. In order to achieve logistical integration with its regasification Projects in India, H-Energy is seriously examining the option of setting up a 13.5 MMTPA natural gas Liquefaction terminal in Canada.
Wärtsilä Achieves 2013 Financial Target
"For Wärtsilä, 2013 was a year of varying activity within our different end markets. While the improvement in global vessel contracting was significant, power generation markets declined for the second consecutive year. Unfavourable exchange rates and some delayed deliveries at the end of the year led to a slightly weaker than expected net sales development. Profitability on the other hand developed well, reaching 11.2% for the full year. I am pleased with the resilience we have shown in reaching our profitability targets, despite the lower level of sales.
World Fleet Set to Change: DNV's Shipping 2020 Scenario
DNV’s Shipping 2020 scenario explores technology uptake based on market forces, regulatory changes, fuel prices, technology costs & specific shipowner requirements. Based on expected market developments, regulatory changes, fuel prices, cost and availability of new technology and specific shipowner requirements, the model explores the technologies with the best payoff that will also ensure compliance with the relevant environmental requirements. Economic power is shifting to Asia, impacting trade routes and the demand for vessels.
