Bank Considers EEDI When Making Ship Finance Decisions
The German KfW IPEX-Bank evaluates energy efficiency of its merchant shipping portfolio, sees EEDI a key indicator of economic advantage. KfW IPEX-Bank, one of the largest ship financing banks in the world, has evaluated together with FutureShip, a subsidiary of Germanischer Lloyd, the energy efficiency of its shipping portfolio based on the Energy Efficiency Design Index (EEDI). The applied valuation approach is based on the standards of the International Maritime Organisation (special organisation of the United Nations) and provides an indicator for the energy efficiency and CO2 emissions of merchant vessels. From 2013 binding EEDI limits will be introduced for newbuildings. However, the energy efficiency of existing vessels also plays an increasingly important role during chartering decisions. Using the EEDI methodology, the energy efficiency of 88% of the ships in the IPEX portfolio could be evaluated. "In this regard our merchant shipping portfolio is on average slightly better than the world fleet," explained Dr Carsten Wiebers, Global Head of Maritime Industries at KfW IPEX-Bank. "The reduction of environmental impacts from maritime shipping is a serious concern for us. The newly developed valuation method gives us the opportunity to take into account the vessel’s energy efficiency during our financing decision and to favour "green" ships over similar ships with poorer energy efficiency.
Ship Energy, BWMS, Recycling on MEPC Agenda
The IMO's Marine Environment Protection Committee (MEPC) meets for its 65th session from 13 to 17 May 2013, at IMO HQ in London. Items on a busy agenda include the implementation of energy-efficiency regulations and the ballast water management and ship-recycling treaties. Further guidelines on energy-efficiency measures for ships to be considered The MEPC is expected to continue its work on further developing technical and operational measures relating to energy-efficiency measures for
IMO Marine Environment Protection Committee Meeting Agenda
Implementation of energy-efficiency, ballast water management & ship-recycling rules on agenda for IMO Marine Environment Protection Committee. The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) meets for its 64th session from 1 to 5 October 2012, at IMO Headquarters in London. As well as discussing matters relating to the implementation of energy-efficiency, ballast water management and ship-recycling regulations
Tecnitas Launches Energy Management Software Tool
Tecnitas, the consultancy arm of Bureau Veritas, has launched a powerful new software tool, E2, aimed at optimising energy usage for both individual ships and across fleets. E2 is a user-friendly tool which enables shipowners to maximise the gains in energy efficiency and emission reduction which can be obtained through proper use of IMO’s Ship Energy Efficiency Monitoring Plan (SEEMP). Claude Andreau, head of engineering, Tecnitas, says
IMO MEPC Implements Further Energy Efficiency
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 65th session from May 13-17 2013, at IMO Headquarters in London. The committee made significant progress in its work on further developing energy-efficiency regulations; adopted an MEPC resolution on rromotion of technical cooperation and transfer of technology relating to the improvement of energy efficiency of ships; and gave the go-ahead to carry out an update to the
IMO Signs Global Maritime Energy Efficiency Partnerships Project
International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping. The so-called GloMEEP project, formally designated “Transforming the Global Maritime Transport Industry towards a
Port of L.A Aims to Improve Energy Efficiency
Port of Los Angeles officials announced the development of its Energy Management Action Plan (E-MAP) initiative designed to improve energy efficiency at America’s busiest container port. Included in the plan will be the nation’s largest port energy assessment. The E-MAP, unveiled during an energy workshop with representatives of the Port, the Los Angeles Department of Water and Power (LADWP), marine terminal operators and others
SNAME to Host Energy Efficiency Workshop
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
South Africa Workshop Promotes Ship Energy Efficiency
An International Maritime Organization (IMO) workshop is raising awareness of the Organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships. Participants from South African governmental departments and other related bodies are in attendance at the three-day “MARPOL Annex VI and Technology Transfer” workshop, taking place in Durban, South Africa (23-25 August).
IMO’s Climate Change Mandate
An audience of lawyers and academics have heard that the United Nations Convention on the Law of the Sea (UNCLOS) gives a clear mandate for IMO to prevent, reduce and control pollution of the marine environment from or through the atmosphere and to address climate change. The International Maritime Organization's (IMO) Fred Kenney, speaking at seminar in London on November 14, said that Article 212 of UNCLOS complemented the Paris Agreement on Climate Change to give IMO Member States
International Efforts to Reduce GHG Emissions
Close to 240 maritime leaders and professionals will gather in Singapore to identify priority areas for international action and exchange best practices in maritime technology transfer and capacity building at the Future-Ready Shipping 2017 Conference. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the International Maritime Organization (IMO), the conference will take place from 25th to 26th September 2017 at the Grand Copthorne Waterfront
Collaboration for Future Ready Shipping
"No stakeholder, alone, can deal with the complexities the planet faces in addressing the challenge of climate change", said International Maritime Organization (IMO)'s Director of the Marine Environment Division, Stefan Micallef. He was opening the joint Singapore-IMO International Conference on Maritime Technology Transfer and Capacity-Building also known as Future-Ready Shipping Conference 2017, held in Singapore (25-26 September).
71% of New Box Ships Exceed IMO’s 2025 EEDI -Study
A new study has revealed that nearly three-quarters (71 percent) of all new containerships, which emit around a quarter of global ship CO2 emissions, are already in compliance with the post-2025 requirements of the International Maritime Organization’s (IMO) Energy Efficiency Design Index (EEDI). The study, based on analysis of the IMO’s own data and conducted by Transport & Environment (T&E), a founding member of the Clean Shipping Coalition (CSC)
The Environmental Age: What Will Power Future Ships?
What will power the future shipping fleet? What will the future fuel mix be? These questions are being asked with greater frequency in the wake of the Global 2020 Sulphur Cap ruling agreed at the International Maritime Organization and other tightening regulations around air pollution and emissions from shipping operations. The need to take action is, in turn, driving the development and application of innovative alternative power and propulsion technology for ships.
ABB Marine Software Supports Ocean Research
ABB said it is providing the shipboard systems and systems expertise that will support the research voyages undertaken by ‘By the Ocean we Unite’, a charitable organization whose mission is to highlight the damage done by the millions of tons of plastics that end up in the world’s oceans every year. The group has installed a state of the art Marine Advisory System including SPOS Onboard weather routing software from MeteoGroup
ABB Software Leads to Fuel Savings for Stena Line
Stena Scotia’s fourth generation DEGO IV speed governor and actuation system adds roll-damping and a new fuel-saving dimension to vessel performance management software An upgraded vessel control software package is delivering measurable operational efficiency gains to Stena Line for the freight ferry Stena Scotia within a month of commissioning, says ABB, whose DEGO IV advanced speed governor and actuation system onboard has been enhanced so that control over the vessel’s
A2B-online Container Ships Use Biofuels, Big Data to Cut CO2
A2B-online Container, GoodFuels Marine and We4Sea launch a collaboration project with the aim to reduce fossil fuel consumption and CO2-emissions for two A2B-online ships. Big Data technology is used to map the possibilities for more efficient shipping operations. The cost efficiencies achieved by reduced levels of fuel consumption will subsequently be used to deploy advanced, sustainable biofuels, by which the CO2-emissions will further decrease.
ABB’s Onboard DC Grid on Hybrid Wind Farm Vessel
ABB will optimize the safety and environmental credentials of a new Louis Dreyfus Armateurs wind farm Service Operation Vessel (SOV) by installing Onboard DC Grid power distribution to enable the cost-efficient integration of batteries. As an integral part of the power system, the Power and Energy Management System (PEMS) will ensure safe and efficient operation of the vessel. The hybrid system enables lean operation with fewer running generators without compromising on safety
OOCL Germany Delivered
OOCL celebrated the christening of Hull H2173, a 21,413 TEU newbuilding constructed at the Samsung Heavy Industries shipyard on Geoje Island. Named as OOCL Germany, this mega containership is the second of the six 21 thousand TEU class vessels on order at the shipyard and they are an important part to enhancing the competitiveness and efficiency of our modern fleet. As with many of our newbuildings
ESL Shipping Launches Viikki
Viikki, the new eco-friendly dry cargo vessel of ESL Shipping, part of Aspo Plc, was successfully launched today at the Jinling shipyard in Nanjing, China. “The longstanding work in this project becomes concrete today when we see the vessel floating for the first time. There is still a lot of work ahead before her delivery, but I’m confident that we will get a superb vessel tailored to our needs”, comments Captain Jussi Vaahtikari.
Sulzer Acquires License for Total’s Wash Tank Technology
Sulzer’s Chemtech division has been granted a license covering the Total-patented Wash Tank Technology for Oil Processing. The main purpose of this technology is to enhance the removal of water, salt and contaminants from oil and emulsions, by a controlled distribution of the feed into the bottom of a hull tank of an FPSO/FSO/FPU which transforms the water-in-oil dispersion into an oil-in-water one where high efficiency phase separation takes place more easily
Gas to Become World's Primary Energy Source by 2035: DNV GL
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas will become the largest single source of energy from 2034. DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050
Rolls-Royce, Inmarsat Sign Ink Energy Management Deal
Rolls-Royce and Inmarsat have signed a Letter of Intent (LOI) to have the option to make the company’s Energy Management system available via Inmarsat Maritime’s Fleet Xpress high-speed broadband service. With data collected from a multitude of ship control systems and equipment sensors, Energy Management 2.0 reduces energy consumption and supports environmental compliance as well as allowing for the benchmarking of efficiency against historical performance.
MTCC-Asia is Up and Running
Maritime administrators from over 20 countries across Asia have gathered at the first regional event of Asia’s Maritime Technology Cooperation Centre (MTCC-Asia) to discuss ways to bring shipping into a low carbon future. More than 50 participants joined representatives from the EU and IMO at the Shanghai Maritime University (18-22 September) to discuss national priorities and barriers relating to topics such as greenhouse gas control
Bureau Veritas Joins Global Industry Alliance
At a ceremony in Singapore Bureau Veritas formally joined the Global Industry Alliance (GIA). Philippe Donche-Gay, President Marine & Offshore, Bureau Veritas said that he was delighted BV was able to provide support to the GIA: ‘Whether it’s a better understanding of hull structures, digitalization, gas fueled and hybrid systems or the many other areas of research and development that are leading to practical solutions, our Marine & Offshore Division - and the 70