Tracking Ship Emissions from Space
A new ground-breaking study by University College London (UCL) Energy Institute, Imperial College and the University of Oxford shows how satellite tracking could be used to monitor compliance with the upcoming IMO 0.5% sulfur emission regulations and Emission Control Areas (ECA).Research conducted by their own researchers, UCL Energy and the University of Oxford and published today in Geophysical Research Letters, has unveiled discoveries that appear important on many levels for…
Green Shipping Fuels of the Future
Ammonia and hydrogen are promising potential fuels of the future in a de-carbonized shipping industry, which has to switch to alternative, zero carbon fuels in order to meet the targets set out in the initial International Maritime Organization (IMO) strategy on reduction of GHG emissions from ships, an IMO symposium on sulfur 2020 and alternative fuels heard on Friday (18 October).Setting the scene, IMO's Edmund Hughes said the initial GHG strategy, adopted in 2018, had sent a clear signal that shipping will need to adapt.
The Poseidon Principles: De-carbonizing Global Shipping
The Global Maritime Forum, banking institutions and other maritime industry stakeholders have developed the Poseidon Principles, a global agreement among financial institutions with the aim of decarbonizing shipping. Named after the Greek God of the sea, the Poseidon Principles aim to reduce carbon emissions by aligning financial institutions’ shipping portfolios with (IMO target of a 50 percent reduction in emissions by 2050. The global framework will establish a common way of assessing and disclosing whether a bank’s lending portfolio is compatible with broader climate goals.Søren Toft…
Being Green: Banks Consider CO2 Emissions in Shipping Loans
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…
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…
Maritime's Push Toward "Net Zero Carbon"
IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 years, as the industry races to meet a number of challenges…
Finalists of Wind Propulsion Innovations Awards
The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation, Technology User and Research. The Lifetime Achievement Award is a closed vote for IWSA members. The Awards will be presented at a ceremony at the SMM2016 on 8th September 2016 in Hamburg. The Wind Propulsion Innovation…
CO2 Emissions for Every Ship for Every Hour!
Researchers at UCL Energy Institute use the methodology they developed for the Third IMO GHG Study 2014 and AIS data to estimate emissions from five different ship types and display this in a new interactive map that plots 250 million data points to show the movements of the world’s commercial shipping fleet over the course of the year 2012. The interactive shipping map has been developed by the UCL Energy Institute and London-based data visualisation and digital journalism studio Kiln, and was funded by the European Climate Foundation.
Intertrac Vision Incorporates Cruise Vessels
AkzoNobel’s marine coatings business has announced the addition of cruise vessels to Intertrac Vision, its ‘big data’ tool that provides accurate and transparent predictions on the fuel and CO2 savings potential of fouling control coatings, prior to application. The new version of Intertrac Vision brings an increased level of transparency and choice to the cruise sector, enabling AkzoNobel to work consultatively with customers to ensure the most effective and appropriate coatings solution is selected for each vessel within a fleet.
School Students Win Offshore Challenge Prize at UH
Today, a team of eight students from West Side High School in Houston emerged victorious from the first annual High School Offshore and Technology Stars Challenge, which was co-hosted by the Bureau of Safety and Environmental Enforcement (BSEE) and the Ocean Energy Safety Institute (OESI) at the University of Houston. Other participating schools include Energy Institute High School, Charles H. Milby High School and Young Women’s Preparatory Academy. BSEE Director Brian Salerno welcomed the students to the Technology Challenge, with a strong message of encouragement for the young competitors.
Carbon War Room Launches Shipping Efficiency Advisory Board
Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "Following UNFCCC in Paris, the industry has an obligation to find new and innovative ways to reduce carbon while remaining competitive. With expertise spanning finance, ship operation, classification, data analysis, technology, and software, these individuals are perfectly positioned to identify and evaluate opportunities for innovation and growth.
CWR Launches Shipping Efficiency Advisory Board
Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "We are thrilled to have gathered a group with so much knowledge and experience in shipping.
Iqarus Acquires C-CHEC at Subsea Expo
Offshore and onshore health and medical solutions company Iqarus is set to acquire occupational hygiene consultancy C-CHEC to deliver a new integrated offering to global industries. Dougie Collin, currently Director of Occupational Hygiene for C-CHEC, will head up Iqarus’ Environmental Sciences Division and will bring his team and over 30 years of experience to expand Iqarus’ capability as an international player in providing healthcare solutions in remote and difficult environments.
Petrotechnics Secures Investment From BGF
Petrotechnics, a global software solutions company, announced the completion of £6 million investment from Business Growth Fund (BGF). The investment will help fuel the next stage in the company’s aggressive global growth strategy in new geographies, new talent acquisition and ongoing innovation, including the continued global roll out of its enterprise operational performance and predictive risk software platform, Proscient. Based in Aberdeen and with offices in Houston, Singapore and Saudi Arabia…
Norsepower’s Rotor Sail Solution Successfully Tested
Norsepower Oy Ltd. and Bore Ltd today carried out successful sea trial of Norsepower’s Rotor Sail Solution, a new wind propulsion technology for ships. The sea trials, verified by NAPA and supported by VTT Technical Research Centre of Finland, confirm fuel savings of 2.6% using a single small Rotor Sail on a route in the North Sea. With these fuel savings, the technology has a payback period of 4 years. Based on the trials, Norsepower and Bore believe that a full system on Estraden with two rotors has the potential to deliver 5% efficiency savings on an ongoing basis.
Oceanfoil, Clarke Designs and UCL Continue Aerofoil Development
Oceanfoil, the maritime technology company developing aerofoil technology, announced the formation of partnerships with naval architects Owen Clarke Design LLP and University College London’s Energy Institute (UCL-Energy). Oceanfoil will work with naval architects Owen Clarke Design LLP during the final design and engineering phase, leading to the manufacture of the working prototypes of the new improved wingsails for sea trials in the second half of 2014. UCL-Energy and Oceanfoil are developing analysis capability to maximise the performance of Oceanfoil’s technology on representative shipping routes, and which will enable Oceanfoil to predict the potential savings to be obtained from fitting Oceanfoil wingsails.
Dr. Anne-Marie Warris: WISTA-UK Personality of the Year
Dr. Anne-Marie Warris, an internationally respected expert in the fields of sustainable shipping, climate change and environmental management, has been chosen as Personality of the Year 2013 by WISTA-UK, part of the Women’s International Shipping & Trading Association. Dr. Warris recently retired from a leading environmental role at Lloyd’s Register to initiate a new venture, ecoreflect ltd, a U.K.-registered company, whose purpose is “to explore ‘eco’ and to ‘reflect’ on the…
Charity Selected for 2015 OTC Dinner
The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School. OTC will host the fifth Annual OTC Dinner on Sunday, May 3, 2015 at NRG Stadium in Houston. The event recognizes industry achievements, raises funds for a worthy cause, and provides an excellent opportunity for industry leaders to network with colleagues from around the world.
Joe Pyne Joins DHT Holdings’ Board of Directors
Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors. Erik Lind, Chairman of DHT said, “We are very pleased to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the U.S. Pyne is the Executive Chairman of Kirby Corporation, a U.S. tank barge operator, and served as the Chief Executive Officer of the company from 1995 to April 29, 2014.
Foss Assists Lab in Hydrogen Fuel Research
Foss Maritime and one of America's most prestigious national research laboratories are joining in a project aimed at producing cleaner air, less costly fuel and a healthier environment. Seattle-based Foss and its Hawaiian subsidiary, Young Brothers Ltd., are partnering with hydrogen researchers at Sandia National Laboratory. They are building a portable, self-contained hydrogen fuel cell for testing at the Port of Honolulu beginning in 2015 for six months. The prototype can be installed on barges…
SSI Urges IMO for Action on Reducing CO2 Emissions
The Sustainable Shipping Initiative (“SSI”), a pioneering coalition of companies from across the global shipping industry, today released - ahead of discussions at COP21, which will be held in Paris from 30th November - a statement calling for the shipping industry to play its part in contributing towards the UNFCCC global CO2 reduction target. The Sustainable Shipping Initiative’s statement on CO2 emissions reads as follows: The Sustainable Shipping Initiative (SSI) calls on the shipping industry to encourage and support the International Maritime Organization (IMO) to act urgently in establishing the timely and progressive frameworks…
‘Business as Unusual’ for Oil in the Medium Term
The recent crash in oil prices will cause the oil market to rebalance in ways that challenge traditional thinking about the responsiveness of supply and demand, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR). The U.S. light, tight oil (LTO) revolution has made non-OPEC production more responsive to price swings than during previous market selloffs, the report said, adding that this would likely set the stage for a relatively swift recovery.
Black Fills ACE Winches’ New Management Role
ACE Winches has appointed Colin Black as chief commercial officer, a newly created board of management position. Black is responsible for leading and managing the firm’s overall commercial strategy and the management of the ACE Winch Academy. Colin Black stated: “ACE Winches has an enviable reputation as the original equipment manufacturer (OEM) and market leader in deck machinery solutions, and with my operational background I fully understand the demands of an industry facing the challenges of low oil price.