ABB's Marine Turbocharging Envisages Stormy 2014 Outlook

MarineLink.com
Monday, December 16, 2013
Image CCL 2

Rising fuel prices, low freight rates and overcapacity point to a challenging year ahead in the marine sector, says Dorit Timmann, head of ABB Turbocharging’s business in Germany, who fleshes out his opinion in the following Q&A:

How would you characterize the current climate in the turbocharger business?
Huge storms in the marine sector – shipping and shipbuilding – but friendly sunshine in the stationary plant sector, which covers anything to do with onshore power plants.


What can you tell us about the “storms”?
High fuel prices, overcapacity, ongoing new vessel deliveries and very low freight- and charter rates are putting the marine industry in Germany under tremendous pressure. A result of this unfortunate trend is that we are seeing a very large number of vessels being laid up, sold or scrapped as well as extra slow steaming and turbocharger cut-outs.

We have to do our utmost to assist our clients in keeping their maintenance budgets under control. Insolvencies in the sector of vessels under limited partnership are common and we are already seeing the start of a concentration process, in other words mergers and acquisitions.

The International Maritime Organization (IMO) is seeking to limit emissions from the shipping industry, given that it is responsible for about 10 percent of Nitrogen Oxide (NOx) emissions globally. How do you rate the importance of these regulations for your business?
These regulations are very important, for us as well as for our clients. ABB turbochargers are designed to enable ship owners to fulfill them. Our valve train system, VCM®, reduces NOx emissions and helps customers to meet IMO Tier II and especially Tier III regulations, whose aim is to reduce NOx emissions by 80 percent. It goes without saying that by offering new products and technologies like this we also have to intensify the training of our employees.

Have the IMO and other emissions regulations been a technology driver?
The IMO regulations have triggered new engineering efforts, but also new business opportunities as well. We have developed new, more efficient and effective hardware to enable customers to meet IMO Tier II and Tier III regulations.

What can you offer customers in the way of immediate support? Which ABB products or services are especially well suited in today’s business climate?

We have several, for example our maintenance agreements (MMAs), where we actively assist our clients in planning their turbocharger maintenance at the best price level, our “pay by the running hour” maintenance contracts (OPAC), and turbocharger cut-outs.

(ABB is a world leader in the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, with over 100 Service Stations in more than 50 countries worldwide. Approximately 200,000 ABB turbochargers are in operation across the globe on ships, power stations, gen-sets, diesel locomotives and large, off-highway vehicles.)
 

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shipping Confidence Hits 2.5 Year Low

Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

Technology

World's Largest Ship: Pioneering Spirit Awaits Completion

Final construction aboard the world’s largest vessel, Pioneering Spirit (formerly named Pieter Schelte), is wrapping up in the Port of Rotterdam before the vessel

Port St. John to Install KleinPort System

Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick.

ST Marine Celebrates Naming of Vessels

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV),

Marine Propulsion

Palfinger Chooses NAMJet Waterjets

Netherlands-based Palfinger Boats has launched the first of two Damen-designed FRSQ 1200 fast-rescue/oil response vessels.   Built in Harderwijk, Netherlands,

ABG Ties Up with GTT for LNG Technology

ABG Shipyard Ltd has tied up with Gaztransport and Technigaz (GTT) of France for the maritime transportation and storage of liquefied natural gas (LNG), reports Livemint.

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

Marine Power

Shipbuilding: Mitsui Delivers Bulk Carrier

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Desert Osprey (MES Hull No. 1862) at its Chiba Works

Palfinger Chooses NAMJet Waterjets

Netherlands-based Palfinger Boats has launched the first of two Damen-designed FRSQ 1200 fast-rescue/oil response vessels.   Built in Harderwijk, Netherlands,

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6980 sec (1 req/sec)