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Thursday, March 28, 2024
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Sustainable Shipping News

26 Mar 2024

Leadership Profile: Tor Svanes and NAVTOR's Quest to Transform Shipping

Tor Svanes, Founder and CEO, NAVTOR. Image courtesy Navto

Compliance, performance, profitability, sustainability; take the biggest ‘pain points’ for almost any shipping company and watch NAVTOR’s digital ecosystem work wonders. Here Tor Svanes, Founder and CEO, explains how NAVTOR has grown to lead the smart shipping world, why the recent merger with Voyager Worldwide was so critical, and how he hopes to help steer the industry towards brighter, simpler, and more intelligent horizons.“The morning of the announcement I got a text from the boss of one of our biggest competitors…

21 Mar 2024

Report: Sustainable Shipping Fuels Can Reach Cost Parity by 2035

Source: Wärtsilä

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Wärtsilä.The report, titled ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’, states that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative will see the cost of using fossil fuels more than double by 2030. By 2035, they will close the price gap between fossil fuels and sustainable fuels for the very first time.Existing decarbonisation solutions…

15 Feb 2024

WSC Proposes Green Balance Mechanism

© Kalyakan / Adobe Stock

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:• Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels used…

01 Feb 2024

Evergreen & X-Press Feeders Ink MOA for Methanol-fueled Feedering

(Photo: X-Press Feeders)

Global container shipping line Evergreen Marine Corporation has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe.The two companies moreover will work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.Initially…

19 Jan 2024

NAVTOR: Simplifying Ships from Shore

NavFleet - now featuring online ENCs for shore-based teams (Image: NAVTOR)

In a climate of increasing complexity, with new regulations, environmental concerns and commercial considerations, how can owners and operators control their fleets, and futures, from dry land? NAVTOR’s Tor Håkon Svanes believes the answer lies in innovation and integration – developing solutions that evolve in line with the needs of a dynamic global industry.“There are smarter ways to do things.”Tor Håkon Svanes, the NavFleet Product Manager at NAVTOR, is referring to a recent chat with a new customer.The unnamed fleet manager…

10 Jan 2024

Erik Thun Orders Four New Vessels

(Credit: Erik Thun)

Swedish shipping company Erik Thun has ordered four new vessels, including two methanol-ready coastal tankers and two next-generation multi-purpose dry cargo vessels.The vessels will be built by Shipsveerf Ferus Smit in the Netherlands, bringing the current orderbook from Shipveerf Ferus Smit up to 14 vessels.The contracts cover two multi-purpose dry cargo vessels with 5100 mts dwt and Ice class 1B, which are next generation Lake Vanern Max fit for operating Lake Vänern in Sweden.The…

18 Dec 2023

Aker Arctic CEO Suojanen to Step Down

“Developing, designing and building icebreaking vessels is very strong in Finland,” said Reko-Antti Suojanen, managing director at Aker Arctic Technology, an engineering company specializing in icebreakers. “We hold the position as the world leader in this segment.”
From left: Aker Arctic Technology managing director, Reko-Antti Suojanen, with director of sales and marketing, Arto Uuskallio. (Photo: Eric Haun)

Aker Arctic’s CEO Reko-Antti Suojanen announced he will leave his position in the company, while he and the Board of Aker Arctic have agreed that he will continue in his position as CEO until of January 31, 2024.Suojanen has benn CEO of Aker Arctic for 10 years, and the Board has commenced the search process to hire his successor. “We have developed and designed worldclass icebreakers and other ice going vessels and reached a position as the leading company in this segment. The company’s financial situation is excellent…

17 Dec 2023

Emissions-Focused AI Project Secures Funding

Source: Navtor

A project, GASS, led by Navtor, with six other Norwegian research, innovation and industry partners, has been awarded 44 million Norwegian kroner to develop new commercial AI-enhanced technology and services to optimize the energy usage of vessels and ships.Navtor, Grieg Star, Maritime CleanTech, Scandinavian Reach Technologies, Simula Research Laboratory, SinOceanic Shipping and Sustainable Energy are partnering on the project which will enable vessel owners and operators to…

05 Dec 2023

Seaspan Enters Car Carrier Segment in Order with Glovis

(Photo: Seaspan Corporation)

Containerships owner/operator Seaspan Corporation signaled its entry into the car carrier segment in confirming a deal to order a series of new pure car and truck carriers (PCTC) in partnership with Hyundai Glovis (Glovis).The 10,800 CEU are the largest PCTCs under development to date. They will be dual-fuel liquefied natural gas (LNG), as well as ammonia-and methanol-ready.Seaspan said it negotiated the purchase from Shanghai Waigaoqiao Shipbuilding, a China State Shipbuilding Corporation shipyard.

30 Nov 2023

Bureau Veritas Unveils Rules for Hydrogen-fueled Ships

(Image: Bureau Veritas)

Bureau Veritas (BV) has launched its first classification Rules for hydrogen-fueled ships (NR678) to support the safe development of hydrogen propulsion in the maritime sector.The rules outline technical requirements for the safe bunkering, storage, preparation, distribution, and use of hydrogen as fuel for power generation on board. Monitoring and control systems are also covered, addressing specific safety challenges relating to the transport and use of hydrogen on ships, such as high flammability…

28 Nov 2023

Anthony Veder Deploys NAPA’s Logbook System Fleetwide

Source: NAPA

Software company NAPA will install its electronic reporting and data integration system, NAPA Logbook, across Anthony Veder's fleet of LNG and gas carriers.This shift from manual to electronic logbooks facilitates onboard record-keeping, significantly reducing crew workloads while also streamlining voyage reporting and regulatory compliance. Voyage reports, such as noon and bunkering reports, as well as notices of readiness, departure, and arrivals, are now fully automated. This eliminates duplication and facilitates communication between all stakeholders…

22 Nov 2023

ONE to Trial Wind-Assist Propulsion

Source: ONE

Ocean Network Express (ONE) has launched a wind-assist propulsion trial in partnership with Dutch maritime wind-powered technology company Econowind.The companies are set to install two containerized wind-assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management, Singapore.The VentoFoils, which resemble airplane wings, are designed to harness wind energy, resulting in a significant reduction in fuel consumption and greenhouse gas emissions.

17 Nov 2023

EVENT: World Maritime Forum, Copenhagen, Feb. 27-28, 2024

Copyright Sergii Figurnyi/AdobeStock

Mark your calendars for a maritime event of global significance as the World Maritime Forum prepares to cast anchor in Copenhagen from February 27-28, 2024. With an anticipated attendance of 450 maritime professionals, including shipowners, ship managers, shipbuilders, ports, classification societies, government bodies, regulators, technology companies, and service providers, this forum promises to be a gathering of industry titans and thought leaders.One of the key focus areas of this year's forum will be sustainability…

15 Nov 2023

Wärtsilä Launches 'World's First' 4-stroke Engine-based Ammonia Solution

Credit: Wartsila

Finland-based marine technology and equipment maker Wärtsilä has introduced the marine sector’s "first commercially available 4-stroke engine-based solution for ammonia fuel."According to Wärtsilä, the new solution enables a significant advance in sustainable shipping operations – during a time in which ship owners are seeking viable options among green fuels. The ammonia solution is now commercially available as part of the Wärtsilä 25 engine platform, which was launched in September 2022.Viridis Bulk Carriers…

09 Nov 2023

Sustainable Fund Launched for Methanol Fleet

Source: ProMarine

ProMarine AG has launched an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk.Low Emission Methanol Shipping Company S.C.A. SICAV–RAIF (LEMSCO) is the result of a collaboration between Proman and Stena Bulk. The fund is backed by equity investors and benefits from a green loan from ABN AMRO. LEMSCO's seed assets consist of four methanol fuelled vessels acquired from Proman and Stena Bulk: Stena Pro Patria…

31 Oct 2023

Sustainable Shipping Focus: MEYER Group Acquires 50% Stake in C-Job Naval Architects

Top: Bernard Meyer (Managing Director Meyer Werft), Bas Ort (Supervisory Board Member C-Job), Paul Meyer (Chief Information Officer Meyer Werft)

 

Bottom: Malte Poelmann (Chief Technology Officer Meyer Werft, Job Volwater (Co-Founder & CEO C-Job), Basjan Faber (Co-Founder & Chief Financial Officer C-Job), Bastian Witt (Head of Machinery Design Meyer Werft) - Credit: C-Jobs

MEYER Group has agreed to acquire a 50 percent stake in ship design and engineering company C-Job Naval Architects.C-Job is an independent company that operates worldwide with offices across five countries and has its headquarters in the Netherlands. MEYER Group is an international consortium including MEYER Werft with three shipyards in Papenburg, Rostock, and the Finnish city of Turku."C-Job Naval Architects is considered a thought leader when it comes to sustainability in the maritime industry, having been at the forefront of alternative fuels research.

25 Oct 2023

Proman Stena Bulk Names Methanol-fueled Tanker

Stena Pro Marine (Photo: Proman Stena Bulk)

Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, formally christened its methanol-fueled tanker Stena Pro Marine during a ceremony at the Port of New Orleans.Delivered in mid-2022, the newbuild is a 49,990 DWT dual-fuel mid-range (MR) tanker constructed at Guangzhou Shipyard International Co Ltd (GSI) in China. The ship has been in full-time operation since its delivery and consumes 12,500 tonnes of methanol annually.Burning methanol onboard eliminates local pollutants like SOx and particulate matter (PM)…

12 Oct 2023

UK Offshore Vessel Owner Welcomes Sustainable Shipping Specialist

Dr Tamara Topić  - Credit: North Star

North Star, a UK-based offshore vessel owner, with a growing fleet of offshore wind support vessels, has hired sustainable shipping specialist Dr Tamara Topić to lead on the implementation of its environmental, social, and corporate governance (ESG) strategy."Dr Topić brings a wealth of experience and expertise in maritime sustainability, environmental impact assessment, and corporate governance. With a PhD in sustainable shipping from Newcastle University’s Marine, Offshore and Subsea Technology department, and a M.Sc.

29 Sep 2023

Sustainable Shipping: Alma Clean Power, Odfjell, and DNV to Deploy Innovative Solid Oxide Fuel Cell on Chemical Tanker

Bernt Skeie (CEO, Alma Clean Power), Laurence Odfjell (Styreleder i Odfjell SE), Cristina Saenz de Santa Maria (Regional Manager DNV – Maritime, Sør-Øst Asia, Stillehavet & India), Eivind S. Homme, Norway’s ambassador to Singapore. - Image supplied

Alma Clean Power, Odfjell, and DNV have this week announced a new milestone in the development of a solid oxide fuel cell (SOFC) system.The fuel cell system will be installed on a chemical tanker by the end of 2024, aiming to demonstrate the potential for significantly lower fuel consumption and CO2 emissions for deep-sea shipping, the trio said at an event in Singapore."As the maritime industry faces major challenges adjusting to zero emissions over the next decades, fuel cells demonstrate a promising potential for scalable use for longer distances and larger energy needs in shipping.

27 Sep 2023

Diana Inks LOI to Order Methanol Dual-fuel Bulkers

© Björn Wylezich / Adobe Stock

Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.The vessels are expected to be delivered by the second half of 2027 and the first half of 2028 respectively. The transaction remains…

21 Sep 2023

PortLiner to Construct Electrolyte Bunkering Station in Hartelkanaal

Rendering of the electrolyte bunkering station (Photo: PortLiner)

The Port of Rotterdam Authority and inland shipping operator PortLiner signed a contract for the construction of a charging and storage pontoon for flow batteries in the Hartelkanaal.From this bunkering station, PortLiner will supply electrically powered inland vessels with flow batteries. Construction is set to begin in the fourth quarter of this year, with completion of the Netherlands’ first electrolyte bunkering station expected in Q1 of 2024.Pioneer in zero-emission transport solutionsDue to growing demand for electrically powered inland vessels…

11 Sep 2023

G2 Ocean Adds Two More Ammonia-ready Vessels to Its Fleet

(Image: G2 Ocean)

Gearbulk and Grieg Maritime Group joint venture G2 Ocean is adding two more ammonia-ready 82,300 dwt open hatch vessels to its fleet. Chinese shipbuilder CSSC Huangpu Wenchong Longxue will build the vessels for scheduled delivery in 2026.Following its commitment to only purchase newbuilt vessels with zero-emission technology, Grieg signed a contract in May 2023 with the shipyard CSSC Huangpu Wenchong Longxue which included two firm plus two optional 82,300 deadweight tonne (dwt) ammonia-ready open hatch vessels. Last week, Grieg exercised its option for the two additional vessels.

29 Aug 2023

KPI OceanConnect Appoints Regional Leaders

Source: KPI OceanConnect

Marine energy provider KPI OceanConnect has announced a new management structure and key regional appointments to support the delivery of its partnership approach for customers.The new structure will see the leadership of its trading business divided into regions covering APAC, EMEA, and Americas. New regional leads have been promoted from KPI OceanConnect’s existing management team. Thomas Lee is promoted to Head of APAC, and James Enston to Head of EMEA.Brian Coyne will continue in his current role as Head of Americas.