Royal Caribbean Takes the Lead on Fuel Cell Tech
As the maritime world rapidly evolves to incorporate increasingly clean and efficient power sources onboard ships at sea, the cruise industry is emerging as a clear leader in the sector, driven by the high-profile nature of its ships and the often pristine environments to which they traverse. With that, ABB announced that it will deliver the first fuel cell system to Royal Caribbean, a pilot program in which the RCL ship will be the world's first fuel cell system on a luxury cruise ship.
TEN Enters Four-Year Time Charter
Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) has announced a four-year time charter for the 2007-built 150,000 m3 LNG carrier Neo Energy to a major international energy concern. expected to commence in the first quarter of next year upon expiration of the vessel’s existing employment. This new charter, in line with current market levels, is anticipated to make a significant contribution to the bottom line over its duration. “The operational performance of the Neo Energy since delivery in 2007 coupled with the current strength in the LNG markets has enabled us to secure an attractive employment for the vessel over the next four years,” stated Mr. Nikolas P. Tsakos, President and Chief Executive Officer of TEN.
Eni Directors Approve Bond Issue
The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues. The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 30 May 2014. The company says that the bonds will enable it to maintain a well-balanced financial structure, in terms of short term and medium/long-term debt and average duration of the debt. The bonds may be listed on regulated markets.
France to Boost LNG Usage in Shipping
France will modify regulations on the natural gas to allow liquefied natural gas (LNG) bunkering to take place at ports, Reuters reported quoting Prime Minister Edouard Philippe. He said the country will consider changing fiscal rules on amortising investments in new ships or engine technology. “We have to use this (energy) transition to differentiate ourselves on the market - in transport and in port services,” he said. The report said that LNG has been promoted as an alternative to fuel oil for a shipping sector facing tougher emissions standards from 2020…
Finland's Manga LNG Terminal Gets First Cargo
The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio, is a joint venture of the industrial companies Outokumpu and SSAB Europe, the energy company EPV Energy and the LNG company Skangas. LNG was shipped to the terminal by Coral Energy, a time-chartered LNG carrier operated by Skangas. Once completed in summer 2018, the import terminal will be the largest LNG terminal in the Nordic countries and the second LNG terminal in Finland.
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades, as in tanker and drybulk arenas, ocean-going vessels are one link, albeit an important component, within broader supply chains.
Antwerp Port Acquires Stake in NxtPort
Antwerp Port Authority and FPIM (Federal Participation & Investment Company) are to jointly acquire a stake in NxtPort, the digital data platform for the port community. The contribution by the new partners (Port Authority 75%, FPIM 25%) takes the form of capital plus a subordinated loan, together totalling 5.25 million euros. “With our participation we seek to contribute towards the further development of NxtPort as an innovative data platform that will be a driver of logistical…
Maersk Line Stays in Profit
In Q3, the revenue of A.P. Møller - Mærsk A/S’ continuing operations increased by 14% year on year driven by higher freight rates in Maersk Line. The underlying profit was USD 248m, with an improvement of USD 290m in Transport & Logistics and a decline of USD 15m in Energy. For A.P. Møller - Mærsk A/S, the third quarter of the year was a defining quarter of major change, where strong and viable solutions were found for Maersk Oil and Maersk Tankers. Furthermore, today A.P. Møller…
Offshore Wind Industry To Get Huge UK Investment
Government and business publish a long-term strategy that will strengthen the UK’s position in the offshore wind industry. The multi-million pound investment has the potential to unlock £7 billion in the economy by 2020. The UK currently has more offshore wind power than the rest of the world combined. The offshore wind industrial strategy aims to grow UK supply chain manufacturing so that more of the work and jobs can be done here. Investments by the government will include £20 million from the Regional Growth Fund to improve the UK wind industry’s supply chain…
Severe U.S. winter leaves questions for gas, power markets
Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain. As sub-freezing temperatures spread in January and February, spot natural gas prices spiked at many gas delivery points in the Midwest, Northeast and New York, pushing wholesale power prices above $100 per megawatt-hour for days at a time. Customers will soon receive gas and electric bills, reflecting the higher cost of gas in January. In unregulated power markets, January bills will present a "double whammy," said Nick Akins, chief executive of American Electric Power Co, one of the largest U.S.
Explosion-protected Crane Systems
Crane systems manufactured by the J D Neuhaus company can be supplied with Atex classifications EX II 2 GD IIA T4 / EX II 3 GD IIB T4, with increased spark protection also available for explosion level II C. The company said its products are currently used worldwide, operating in some of the most dangerous dust laden conditions as well as hazardous, toxic and potentially explosive atmospheres, where typical applications include mining, tunneling, foundries and cement plants, with toxic and hazardous locations including chemical processing…
Fincantieri, Eni Partner on Gas Transport Research
Italian shipbuilder Fincantieri and Italian energy company Eni will together work on projects for sustainable development and support the use of gas for transport. Fincantieri CEO Giuseppe Bono and Eni CEO Claudio Descalzi signed a Memorandum of Understanding (MoU) for cooperative research and development, including possible studies in the field of energy systems, with particular reference to the natural gas transport chain. The companies envisage potential partnerships in Italy and abroad…
Iceland Accedes to Air Pollution Treaty
The International Maritime Organization (IMO) treaty covering the prevention of air pollution from ships has been ratified by Iceland, bringing the total number of contracting States to 89, and representing more than 96% of world merchant shipping tonnage. The MARPOL Annex VI treaty limits the main air pollutants contained in ships exhaust gas, including sulphur oxides and nitrous oxides, and prohibits deliberate emissions of ozone depleting substances. It also includes energy-efficiency measures aimed at reducing greenhouse gas emissions from ships.
Maersk Container Launches Cold Chain Energy Meter
Maersk Container Industry is introducing an energy meter with its Star Cool refrigerated containers. Star Cool refrigerated containers are now fitted with a new embedded digital feature that offers visibility and precise knowledge of actual energy consumption. To provide transparency into actual energy consumption throughout the transportation window, over land and sea, Maersk Container Industry (MCI) is introducing an energy meter feature integrated into all new Star Cool refrigerated containers.
Cananda Chamber of Shipping on Anchorage Operations
The Chamber of Shipping welcomes the federal government’s announcement of details concerning the review and modernization of anchorage operations as part of the Oceans Protection Plan. Commercial shipping results in $30 billion of economic activity annually in Canada and, at 1.8% of the Canadian economy, ships move more than $200 billion worth of goods to and from global markets. From farmers to retailers, many Canadian jobs depend on a healthy and thriving trade environment supported by a robust and fluid marine transportation network.
ACL GE Energy New Product Introduction Award
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that it has received the 2010 GE Energy New Product Introduction Award. The award is provided to the company that introduces the most innovative solution to GE Energy's commercial transportation supply chain. ACL was recognized for bringing a water-based, environmentally friendly, economical, and safe solution to GE Energy as an alternative to land-based transportation options.Commenting on the award, Gabe Forir, ACL's Director of Sales, Midwest Region, stated, "We are excited to receive the 2010 GE Energy New Product Introduction Award for our work, along with partner TMO Global Logistics, in developing a barge transportation solution for GE. Transporting wind turbine blades and towers in barges via the U.S.
Opportunities for Shipping from Decarbonisation Through Windpower
As the interconnector of global trade shipping facilitates every other part of the economy, and decision making around low-carbon pathways in other transport modes and industries will both influence and constrain decarbonisation in shipping. Whatever the outcomes at UNFCCC Conference of Parties (COP21) in Paris the shipping sector faces a huge challenge of rapid decarbonisation. Clear emission reduction goals and unequivicol leadership is essential. The shipping sector’s energy…
LNG Market Outlook by Flex LNG
The LNG shipping market tightened throughout the third quarter, and rates increased sharply in October following gradual increases since May. This was due in part to strong LNG demand from China which helped to widen the arbitrage between spot LNG import prices in Europe, U.S. and Asia. This led to increased cargoes from the Atlantic basin and an associated increase of average sailing distances. The current market dynamic is supportive for a further increase in rates during a seasonally strong period of the year.
Gasum, Wärtsilä Join Forces to develop Gas Value Chain
New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum, the Nordic leader in natural gases and Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets have signed a Joint Co-operation Agreement aimed at developing the utilization and distribution of natural energy gases in marine and land markets. The agreement between Gasum and Wärtsilä was signed August 29, 2016 and will run for several years.
Northern Irish Wind Energy Delegation
CWind hosted a delegation of 20 businesses from the south east region of Northern Ireland on Tuesday this week. The delegation, led by Energy Connections NI and hosted by the East of England Energy Group (EEEGR) was in the area this week to see first-hand how businesses here have taken advantage of the supply chain opportunities on offer and exchange thoughts on the renewable energy sector with East of England experts. CWind shared insights into its own experience of growing a business in the offshore wind supply chain with the delegation over coffee and tea at the Brightlingsea Yacht Club.
Event Highlights Opportunities In Marine Energy For North Companies
Businesses will have the chance to learn more about the marine energy opportunities for the Orkney and Pentland Firth waters at an event in Caithness on Tuesday 5 April. Organised jointly by North Scotland Industries Group (NSIG), Caithness Chamber of Commerce, Orkney Islands Council, The Crown Estate and Highlands and Islands Enterprise (HIE), the event is open to members and non-members and will be held at North Highland College, Thurso from 10am to 4.30pm. John Thurso MP for Caithness, Sutherland and Easter Ross will be the keynote speaker.
US Oil Rig Count Steady this Week -Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week, General Electric Co's Baker Hughes energy services firm said on Friday, as some analysts expect a gradual decline in overall rigs in the fourth quarter and in 2018. The rig count, an early indicator of future output, held at 738 in the week to Nov. 17, still much higher than 471 rigs a year ago as energy companies boosted spending plans for 2017 as crude started recovering from a two-year price crash. The increase in drilling lasted 14 months before stalling in August…
U.K.: Massive Offshore Wind Farm Opens
Greater Gabbard wind farm, which is reportedly the second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened off the coast of Suffolk by the Energy and Business Minister Michael Fallon. Greater Gabbard has 140 turbines and will double in size once the Galloper wind farm extension is completed in 2017. Offshore wind has the potential to provide enough clean power for 11 million homes in the U.K. by the end of this decade, creating 30,000 jobs and contributing £7 billion to the economy.