Leadership Change at NYK Group Europe
Svein Steimler, president and CEO of NYK Group Europe Ltd., will retire on March 31, 2023, and will subsequently become a special advisor of the company. Steimler’s successor as president and CEO will be Carl-Johan Hagman.
DNV Awards KNCC AIP for High Pressure LCO2 Transport Concept
Classification society DNV announced it has awarded approval in principle (AIP) to Knutsen NYK Carbon Carriers (KNCC) for its PCO2 tank system for the transportation of liquefied CO2 (LCO2).Many of the world’s decarbonization goals can only be met through use of carbon capture and storage (CCS) technologies. But to make a meaningful impact on the climate challenge, all of the CCS chain must be deployed and then scaled rapidly. Transport of CO2 is an essential part of this chain…
NYK, Knutsen Form Liquefied CO2 Transportation and Storage JV
Japan's NYK and Norway's Knutsen Group have formed a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures. NYK and the Knutsen Group, will each hold a 50% stake in the new company, which has been named Knutsen NYK Carbon Carriers (KNCC). KNCC will also build and operate low/mid pressure vessels based on other technologies."Carbon capture…
KNOT Name New Shuttle Tankship
Knutsen NYK Offshore Tankers AS (KNOT) name their new tankship 'Ingrid Knutsen' in a ceremony in Hyundai Heavy Industries' shipyard. The ceremony was attended by KNOT president Trygve Seglem, NYK senior managing corporate officer Hitoshi Nagasawa, and NYK corporate officer Svein Steimler, among others. The 112,000 dwt shuttle tanker, which is equipped with a class II dynamic positioning system and a bow-loading system, was named Ingrid Knutsen, and will be used to transport North Sea crude oil to shore.
The Recovery Continues: A Fearless Forecast
I hope that this headline, if you saw it, scared you as much as it did me. Although I have some confidence about the future of shipping, or I wouldn’t be here, my topic today is about forecasting. Forecasting, to the ancient Greeks and Romans, had a lot to do with omens. The ancient Greeks sought their guidance from the stars, which they believed help them predict the course of future events. The Romans, on the other hand, sought to predict the future in the flight of birds, the cackling of geese, and most famously in the examining of entrails of poultry and domestic animals. The experts who did this kind of thing were called augurs. Today, we rely on Alan Greenspan and Ben Bernanke. History, however, is on the side of the ancients.
