Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell, LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.”Asia is expected to remain the dominant region in the decades to come, with South and South-east Asia generating more than half of the increased…
Kongsberg, Zero Join Forces for Renewables
International marine technology group Kongsberg Gruppen and Zero environmental foundation signed a three-year collaboration agreement.The main intentions of the collaboration are to create increased momentum in the shift to renewable and emission-free solutions.Together, we will work to make Norway an important global test arena for the development and realization of new zero-emission solutions for all types of ships, and to spread these solutions internationally.The collaboration will also work to develop electricity and hydrogen infrastructure for emissions-free shipping.
Ship Efficiency: Improve Hull Performance
While owners have long recognized the link between clean hulls and lower fuel costs, lack of reliable data has slowed investments in optimizing hull performance. But with improved sensor technologies and data analysis tools, hull performance is getting a second look. Owners seeking to lower fuel costs and comply with pending regulations on emissions and invasive species often look to equipment manufacturers to meet their needs. From new efficient engine designs to alternative fuels, scrubbers to ballast water treatments systems, owners face some expensive decisions.
Automatic Ferry Enters Regular Service in Norway
The world’s first adaptive ferry transit conducted during normal service took place last week on a vessel fully loaded with passengers and vehicles, demonstrated fully automatic control from dock to dock, Kongsberg Maritime announced. The landmark crossing, a key step forward in the integration of autonomous technology into everyday shipping operations, was made possible by collaboration between shipping company Bastø Fosen, KONGSBERG and the Norwegian Maritime Authority (NMA).The…
CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of hydrogen as a marine fuel.Energy Observer, formerly a racing catamaran, is now an experimental platform for tomorrow’s energy sources. It is sailing round the world in order to speed up development of the innovative solutions for the environment.This partnership with CMA CGM deals with the development of cleaner and more sustainable energies to eliminate CO2 emissions, greenhouse gases and air pollutants.
Wärtsilä, DNV GL Tie Up on Digital
Technology group Wärtsilä and classification society DNV GL say they will work together to contribute to the marine industry’s ongoing digital transformation. In particular, the two companies aim to to further explore the potential use of digital technologies, collaborative data sharing and standardization to enhance existing products and services, and to develop new ones.Among focus areas will be collaboration on digital technologies and big data in classification and the requirements for their use.
ABS Grants AIP to KHI's LPG System
ABS, a global provider of classification and technical advisory services to the marine and offshore industries, has granted Approval in Principle (AIP) to Kawasaki Heavy Industries, Ltd. (KHI) for its LPG as Fuel system design.According to a press release, a dual-fuel engine capable of using both marine diesel oil and LPG as fuel, KHI claims the system simultaneously reduces fuel consumption and enables the engine to meet NOx Tier 3 regulations.“Using LPG as a fuel can lower emissions to air compared to conventional fuels, both in terms of greenhouse gas emissions and other pollutants.
Poseidon Readies $140Bn Shipping Loan
With the signing by the France-based international lender to global shipping BNP Paribas and the Swiss multinational investment bank Credit Suisse, Signatories of the Poseidon Principles represent around $140 billion in loans to international shipping – about 30% of the total global ship finance portfolio.Poseidon Principles is a global framework for responsible ship finance which helps incentivize shipping’s decarbonization.They establish a common framework to quantitatively…
LNG and Shipping Decarbonisation Target
Though liquefied natural gas (LNG) could help the shipping industry to reach its decarbonization target, it could wreck the climate, finds a study.According to a research by the International Council on Clean Transportation (ICCT), switching vessels to the LNG fuel would only serve to worsen shipping’s climate impact due to previously underestimated leakage of the climate super-pollutant methane.More and more ships, including container ships and cruise ships, are being built to run on liquefied natural gas (LNG)…
Lenders Back Initiative to Factor CO2 Cuts into Shipping Finance
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.Global shipping accounts for 2.2% of the world's CO2 emissions and the industry is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.Last year, a group of leading banks signed up to environmental commitments known as the "Poseidon Principles"…
WinGD Develops Flexible Injector Concept
WinGD (Winterthur Gas & Diesel) has invested in fuel research with the development of a flexible injection system. In a whitepaper released today, ‘Flexible Injector to Advance Alternative Fuels Research’, the engine designers describe how the concept will play a crucial role in its investigations into low-carbon liquid fuels and engine injection concepts to harness them.The system was developed as part of HERCULES 2, a collaborative European engine research project which concluded in 2018.
Alfa Laval Joins 'Getting to Zero Coalition'
Sweden's Alfa Laval has joined the Getting to Zero Coalition, a coordinated effort to fight climate change by introducing zero-emission vessels by the year 2030.Alfa Laval is committed to reaching this vital goal, which is key to decarbonizing the global shipping industry and reaching the International Maritime Organization (IMO) target of cutting vessel-related greenhouse gas emissions by at least 50% by 2050.The ‘Getting to Zero Coalition’ was announced on September 23, 2019…
Want to Cut Emissions? SLOW DOWN
Merchant ships traditionally operate in the open sea at or near full speed. This is hard on the engine, hard on the ship and hard on the crew. Slowing down reduces wear on the engine, improves fuel efficiency, reduces harmful air emissions and improves safety by providing the bridge personnel additional time to evaluate developing situations. Some marine engines, though, are designed to operate at near full load. Thus, for these engines, slow steaming creates its own set of problems – not insurmountable…
IMO Calls for Green Shipping at Davos
International Maritime Organization (IMO) Secretary-General Kitack Lim is calling for renewed cooperation from all stakeholders to tackle the urgent issues of air pollution and greenhouse gas emissions from shipping at the World Economic Forum in Davos.Lim said: "When temperature records are routinely broken, icecaps are melting and some parts of the world are flooding while others are burning, there can be little doubt that addressing climate change must be humankind's major priority." IMO's strategy is to reduce sector-wide emissions by at least 50% by 2050.
Ferry Industry Sets Pace on Critical Solutions
Interferry CEO Mike Corrigan describes a distinctly upbeat period in the worldwide ferry community – and explains how the global trade association plans to take its support to far-reaching new levels.There are times when the phrase “there are three kinds of lies: lies, damned lies and statistics” seems all too true, but here’s an honest number for you – ferries carry a global total of more than 2 billion passengers a year, which is almost on a par with airlines.Hard to believe? Not for those of us in the industry, but almost certainly for many citizens and politicians.
Ørsted Tops World's Sustainable Companies
The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world.Henrik Poulsen, CEO of Ørsted, said: "We're immensely proud to rank as the world's most sustainable company. From our origins as a traditional fossil fuel-based energy company, we've transformed into one of the largest renewable energy companies in the world.
IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag
At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.U.N. shipping agency, the International Maritime Organization (IMO), aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050…
Partners Developing Ammonia-fueled Tanker
Maritime industry partners striving to advance shipping's decarbonization efforts are working to develop an ammonia-fueled tanker, classification society Lloyd's Register (LR) announced.The joint development project (JDP) involving LR and shipping line MISC Berhad, builder Samsung Heavy Industries (SHI) and engine maker MAN Energy Solutions aims to develop commercially viable deep-sea zero-emissions vessels (ZEVs) that would be operational by 2030, ahead of the International Maritime Organization’s 2050 greenhouse gas (GHG) emissions target.Nick Brown…
Eagle Bulk Joins Decarbonization Coalition
The US-based dry bulk carrier Eagle Bulk Shipping has joined industry group the Getting to Zero Coalition.The group is an alliance of over 90 companies within the maritime, energy, infrastructure, and finance sectors which are committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization's greenhouse gas emissions reduction strategy and the UNFCC Paris Agreement.Gary Vogel, Eagle Bulk’s CEO, said, “We are constantly working on improving energy and operational efficiencies at Eagle…
SGRE Wins 2.6GW Offshore Turbine Deal in US
Siemens Gamesa Renewable Energy (SGRE), the world’s largest supplier of offshore wind turbines, won the order for Dominion Energy’s 2,640-megawatt project off the coast of Virginia, U.S.A.According to a press release from the Spanish-based engineering company company, this is the largest offshore wind power project in the rapidly increasing U.S. market to date.A long-term service and maintenance agreement is included for the site located off the coast of Virginia. The agreement…
Norwegian PM Opens Johan Sverdrup Field
Norway's prime minister Erna Solberg has opened the Johan Sverdrup field center, and the Minister of Petroleum and Energy, Sylvi Listhaug, also attended the opening.Since Equinor and the Johan Sverdrup partners Lundin Norway, Petoro, Aker BP and Total started the field on 5 October last year, production has increased to a level well above 300,000 barrels per day.Johan Sverdrup is expected to yield a total production revenue exceeding NOK 1 400 billion and more than NOK 900 billion…
HMD Confirms Evergreen Boxship Order
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), a unit of Hyundai Heavy Industries (HHI), has confirmed the KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The world's No. 1 shipbuilder specializing in medium-sized ships such as product/chemical tankers, car carriers, LPG & LNG carriers, and asphalt carriers, said that The vessels, each of which will have a length of 172 meters…
Gulf Oil Marine and Azurtane Partner
Now that the fuel sulphur regulations have come into force from January 1, 2020, charterers and operators will begin to feel the pressure to reduce greenhouse gas (GHG) emissions.Gulf Oil Marine has partnered with marine technology firm Azurtane to help customers monitor and manage energy usage and emissions compliance.The change in fuels resulting from the 2020 0.5% sulphur regulations has meant a step change in marine lubricant performance requirements.Gulf Oil Marine has been evaluating and testing lubricants that can improve engine efficiency and lower emissions.