Energy News

20 Jun 2019

EMP Applauds Poseidon Principles

Aquarius Eco Ship by Eco Marine Power - A Sail Assisted Ship. Image: EMP

Japan-based Eco Marine Power (EMP), a company develops and markets renewable energy based systems for ships and other vessels, has applauded the recently announced introduction of the Poseidon Principles – a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.EMP said that these principles will also have a strong emphasis on zero emissions and EMP’s renewable energy solutions and design concepts are ideally suited…

20 Jun 2019

TMC to Deliver Marine Compressors to Vard

Image: TMC

Norway-based shipbuilder Vard Group AS has awarded TMC Compressors of the Seas (TMC) to supply the marine compressed air system for two cruise ships the Norwegian shipbuilder is constructing for Viking Cruises.TMC’s scope of work is to deliver a complete marine compressed air system that consists of instrument air compressors and air dryers, to each of the two newbuild cruise ships. TMC has not disclosed the value of its contract.“As the international cruise sector increasingly emphasizes reduced energy consumption and lower emissions to air…

19 Jun 2019

MOL Intros 'EeneX'

©By Nightman1965/Adobe Stock

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced a vessel design it calls "EeneX," for a 90-type (90,000 DWT) next-generation coal carrier, developed in cooperation with Japanese shipyards.The vessel's design draws on the shipyard's extensive knowledge of coal carriers as well as MOL's know-how in ship operation, with the goal of achieving safe, reliable and economically efficient transport of coal, an important energy resource for Japan.MOL proposes the "EeneX" brand under its concept of providing optimal…

19 Jun 2019

Wärtsilä's FW System Yields One TPD Fuel Savings

The Wärtsilä HiTE  (Photo: Wärtsilä)

The technology group Wärtsilä has successfully installed its Serck Como Horizontal Tube Evaporator (HiTE) fresh water production system onboard the pipe-laying vessel, ‘Lorelay’, owned by offshore contractor Allseas. This is the first commercial installation of this Wärtsilä innovation. The retrofit project produces clean water for technical applications and human consumption, and has led to fuel savings of as much as one ton per day.The unique aspect of the Wärtsilä HiTE is that it is a multi-stage evaporator specifically designed for small to medium capacities of 30 to 150 tons per day.

19 Jun 2019

Prysmian Bags Dolwin5 Cabling

Schematic illustration of offshore grid connection project DolWin5. Image: Prysmian

Italian multinational corporation Prysmian Group  has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore wind farms to the German grid.“The Dolwin5 project continues our valued long relationship with the major TSO TenneT and demonstrates our ability to provide tailor-made submarine cable solutions for challenging projects, providing the offshore infrastructure needed to support the growth of clean energy in Northern Europe.” stated Hakan Ozmen…

19 Jun 2019

Wartsila, Grimaldi Cut 3.5% Fuel Bills

Image: The Energy Saving Device was successfully tested on the ‘Grande Portogallo’, a Grimaldi Lines vessel. Copyright: Grimaldi.

Finnish technology group Wärtsilä,  the Netherlands based Maritime Research Institute MARIN and Italian ship owner Grimaldi, have together successfully designed an Energy Saving Device (ESD), suitable for use by ships with Controllable Pitch Propellers (CPPs)."Following model tests, and subsequent sea trials with Grimaldi’s ‘Grande Portogallo’, a 165 metres long Pure Car & Truck Carrier, fuel efficiency gains of 3.5 percent were confirmed," said a press release from the engineering company.

19 Jun 2019

OPEC Output to Remain Flat: Rystad

Photo: OPEC

OPEC and its allies, including Russia, can maintain their current cuts and not reduce outputs any more because there will be a crude oil demand surge later this year from changing shipping fuel standards worldwide.The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices. However, the production cuts required by OPEC+ in order to support prices need not be as much as 1.5 million barrels per day (bpd)…

19 Jun 2019

Port of New Orleans Gets Hybrid Trucks

Photo Credit/Port NOLA: From left to right: Director of Marketing for XL Fleet Eric Foellmer, Port NOLA President & CEO Brandy D. Christian, Executive Director of Regional Planning Commission Jeffrey Roesel and Director of Southeast Louisiana Clean Fuel Partnership Courtney Young cut the ribbon on two new plug-in hybrid trucks.

The Port of New Orleans (Port NOLA)  has expanded its electric vehicle charging fleet with two energy-efficient trucks. The new trucks are part of an overall effort to reduce emissions at the multi-billion-dollar multimodal gateway for international trade."Port NOLA expanded their EV fleet with the help of the Clean Fuel Transition Fund for Public Fleets, managed by the Regional Planning Commission’s (RPC) Clean Fuel Partnership program," said a press release.The funding helped the Port offset the costs of two plug-in hybrid electric F-150s equipped with extended range technology…

18 Jun 2019

ICS Thrusts on CO2 Reduction

Photo: International Chamber of Shipping (ICS)

International Chamber of Shipping (ICS) plans to take concrete steps to support further CO2 reduction by international shipping.The representatives of the world’s national shipowners’ associations met last week in the Faroe Islands to review the priorities of the global shipowners’ association.ICS agreed a suite of actions in support of the UN International Maritime Organization (IMO) strategy to decarbonise international shipping in line with the United Nations 1.5 degree climate change goal.Speaking from the Faroe Islands…

18 Jun 2019

IMO's Actions on Climate Change

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) is at the UN climate change conference in Bonn, Germany (17-27 June), where governments are meeting to work towards significantly accelerating the pace of climate action.The UN body is reporting to the Subsidiary Body for Scientific and Technical Advice (SBSTA 50) on the latest and ongoing work to implement the Initial IMO Strategy on reduction of GHG emissions from ships.The strategy sets out a vision confirming IMO's commitment to reducing GHG emissions from international shipping and…

18 Jun 2019

Floating Wind: Norway Seeks to Expand

© Ian Dyball/AdobeStock

Norway will seek to open two areas for the construction of floating offshore wind parks, which combined could hold a turbine capacity of up to 3.5 gigawatts (GW), the Norwegian oil and energy ministry said.Norway has recently been seeking to develop wind power, both onshore and offshore. The first offshore area, which the ministry will propose before July, is called Utsira North and is situated in the North Sea.

18 Jun 2019

LiUP Crane Driver Elevator for Mobile Harbor Cranes

Photo: Liebherr Maritime

Liebherr Maritime presents its new LiUP crane driver elevator for mobile harbour cranes at this year’s terminal operator trade fair, TOC Europe. The in-house developed lift has an innovative drive technology and is powered by an electric motor with lithium-ion battery and energy recovery function.The inhouse developed Liebherr crane driver elevator LiUP is designed to transport the operator in a save and efficient way to his workplace. The LiUP saves the drivers energy and time compared to climbing up several stairs.

18 Jun 2019

Being Green: Banks Consider CO2 Emissions in Shipping Loans

© Elnur/AdobeStock

A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.Working with non-profit organisations the Global Maritime Forum, the Rocky Mountain Institute and London University's UCL Energy Institute…

18 Jun 2019

Report: The U.S. Marine Market


Ferry First
Alabama’s Gee’s Bend Ferry recently entered service after being converted from geared-diesel to become the first zero-emission, electric-powered passenger/car ferry in the U.S. Owned by the Alabama Department of Transportation (ALDOT) and operated by HMS Ferries, Seattle-based Glosten provided concept through contract design and shipyard technical support of the vessel conversion to all-electric. Images courtesy Glosten/ALDOT

A ‘work in progress,’ the North American brown water, shallow draft sectors have experienced a tumultuous year of evolution, changing market conditions, a rapidly shifting regulatory environment and new opportunities. Anything but boring; and within the pages of Maritime Reporter’ & Engineering News’ Annual Yearbook, Joseph Keefe, editor of sister-publication MarineNews, takes a deep dive into the issues driving the domestic waterfront.Workboat EmissionsMore than one year ago, Volkswagon learned the ultimate (and painful) meaning of the iconic U.S.

18 Jun 2019

Haugen Joins Pacific Green Exec Team

Pacific Green Technologies Inc. (PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, appointed Atle Haugen as Sales Director, Marine Direct Sales.Haugen joins from the international exhaust gas scrubbing business, Clean Marine AS, where for the last six years he led sales in the Americas and Europe.Along with PGTK’s new Vice President, Marine Direct Sales, Frode Helland-Evebo, Haugen was responsible for fast sales growth and helping to establish Clean Marine as one of the world’s largest scrubber manufacturers. Haugen joined Clean Marine from Wärsilä’s Hamworthy division as a Process/Project Engineer where he was involved in R&D and project related work within the marine exhaust gas scrubbing branch and graduated from Norway’s Telemark University College in 2011…

18 Jun 2019

Turkey to Launch Second Cyprus Drill Ship

FAith (
© Tayfun Pehlivan / MarineTraffic.com)

Turkey will launch a second drilling vessel on Thursday that will begin natural gas operations near Cyprus at the beginning of July, Turkish Energy Minister Fatih Donmez was quoted as saying on Tuesday.Turkey and the internationally recognized Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in that part of the Mediterranean, an area thought to be rich in natural gas.Ankara already has a ship, called Fatih, in the region. Donmez was…

18 Jun 2019

Further Delay in Barryroe Project Loan

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.The loan from Barryroe's Chinese backer was due by June 14. It is now due to be received in July 5, the company said."Due to delays associated with internal transaction processing with their investors, APEC have formally requested a further extension of time for the payment of the initial US$ 9 million loan. EXOLA and Lansdowne have agreed to this further extension of the backstop date to no later than July 5, 2019," it said.Subject to receipt of all regulatory consents and required financing, the well-site survey operations are expected to commence Q3 2019.

18 Jun 2019

C&J Energy, Keane Merge in $1.8bln Deal

Oilfield services firms C&J Energy Services and Keane Group, said  that they will merge in an all-stock deal valued at about $1.8 billion.C&J Energy, which offers a suite of oil and gas production services, and Keane, which specializes in well completions would combine in what the companies described as a merger of equals. The deal would create a company with more than $4 billion in annual revenues.Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Keane Board, C&J shareholders will receive 1.6149 shares of Keane common stock for each share of C&J common stock owned. The merger agreement permits C&J to pay its shareholders a cash dividend of $1.00 per share prior to closing.

18 Jun 2019

Howard Completes Port Arthur Terminal

Texas-based midstreamer Howard Energy Partners (Hep) announced that it’s completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.The completion of these projects increases HEP’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day, and direct pipeline connectivity through wholly-owned pipelines to seven refineries. HEP began operating terminal facilities in mid-2014.“The substantial expansions at our Port Arthur and Corpus Christi facilities signify HEP’s commitment to designing and constructing fully-engineered facilities that are tailored to meet the exact needs of our customers…

17 Jun 2019

Baltic Yachts Builds 117ft Custom Classic

Finland-based boatbuilding yard specialized in sailing yachts, Baltic Yachts has been commissioned to build an advanced composite 117ft Custom Classic sloop from the board of renowned Dutch designers Dykstra Naval Architects.A release from the shipyard said that the yacht has distinctive pilot cutter-style features, including a straight stem, bowsprit, counter stern and deep bulwarks, but a very modern approach to emissions and the environment.There will be a notable emphasis on efficiency with features such as ‘smart’ cabins, designed to automatically minimise power consumption when unoccupied, and air conditioning energy waste re-cycled…

17 Jun 2019

Banks Impose Emissions Rule in Ship-Finance

Eleven banks with a combined shipping finance portfolio of $100bn will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping's decarbonization.Named 'the Poseidon Principles', the new rules are a global framework for assessing and disclosing the climate alignment of financial institutions' shipping portfolios, said joint press release from Rocky Mountain Institute, Global Maritime Forum and UCL Energy Institute.Founding Signatories include Citi, Societe Generale, DNB, ABN Amro, Amsterdam Trade Bank, Credit Agricole CIB, Danish Ship Finance, Danske Bank, DVB, ING and Nordea, and represent around 20% of the global ship finance portfolio."As banks…

17 Jun 2019

Japanese, Australian Firms Join for FLNG Project

Image: Transborders Energy

Australia's Transborders Energy  announce it has entered into a Joint Study Agreement with Japanese utility  Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu). The Joint Study Parties will work together to develop a Floating LNG (FLNG) Solution and pursue the deployment on a range of stranded offshore gas resource opportunities.Transborders’ FLNG Solution is a pre-determined FLNG and wells tie-back development concept with a package of streamlined commercial and regulatory approval frameworks.Transborders’ Chairman Jack Sato says…

17 Jun 2019

Neptune Installs Scrubbers in Two Vessels

Image: Neptune Lines

The shipping transportation solutions provider Neptune Lines is making an important investment in scrubbers with 10 units installed until Q1 2020.Denmark-based ME Production (MEP), a player in marine technologies solutions for marine equipment and energy markets, was selected to supply the units while the first two installations were successfully completed in Odessos shipyard in Varna and commissioned shortly after.By fitting these MEP systems, the ships will be compliant with the International Maritime Organization’s SOx regulations…

Maritime Reporter Magazine Cover Jun 2019 - 80th Anniversary World Yearbook

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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