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LNG Price Recovery Spurs Spending in Race against Carbon Targets
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic, rapidly rebounding oil and gas prices and a better economic outlook is building confidence in short and long term LNG demand in Asia and spurring companies to look at new LNG projects, most of which were shelved l
Moving Forward with Emissions - Is it Tiers, Tears or Fears?
As International Maritime Organization (IMO) and U.S. Environmental Protection Agency (EPA) emissions requirements continue throughout the IMO Emission Control Areas (ECA), they are also forcing postponement of many new construction decisions as vessel owners and operators continue to tread cautiously along the path forward. The Marpol Annex VI program looked to correct emissions requirements while working with petroleum fuels.
Stena RoRo Orders Two More E-Flexer Ferries in China. Charters Secured
A day after it ordered its tenth E-Flexer vessel in the RoPax class, Stena RoRo on Thursday said it had ordered two new ferries from the Chinese shipyard CMI Jinling (Weihai). To remind, the firm on Monday ordered the tenth unit from the same shipyard for a charter in Canada. The 11th and 12th Stena E-Flexer vessels, ordered Thursday, are in the RoPax class developed by Stena RoRo, with delivery scheduled for 2024 and 2025.
GTT to Design Fuel Tanks for Seaspan's LNG-powered Containership Quintet
French firm GTT has secured an order from the South Korean shipbuilder Samsung Heavy Industries (SHI) to design fuel tanks for five very large LNG-fuelled container vessels, to be built by SHI for the containership giant Seaspan.The vessels, to be chartered by Israeli firm ZIM, will be able to carry 15,000 containers each. The fuel tank of each vessel will offer a capacity of 12,000 m3 and will be fitted with the Mark III membrane containment system.
Japan's Power Plan to Rattle Australian Coal, LNG exporters
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation, with small variations in the volumes imported on a year…
Japanese Steelmaker to Charter Three 210,000-dwt LNG-fueled Bulk Carriers
Japanese steelmaker JFE Steel has signed long-charters shipping firms NYK Line, Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines to charter three 210,000-ton LNG-fueled bulk carriers for transporting iron ore and coal from overseas locations to JFE Steel’s steelworks in Japan. JFE Steel said the charters would make it the first company in Japan to deploy LNG-fueled ships in the 210,000-ton class, and said the move would help it cut emissions.The ships…
Euronav Signs on Ammonia-fueled Tanker Project
Tanker shipping company Euronav on Tuesday announced it has signed onto a joint development program (JDP) to develop dual fuel ammonia (NH3)-fitted tankers.The company said it will work alongside the world's largest shipbuilder, Hyundai Heavy Industries (HHI), and classification societies Lloyd’s Register and DNV in an effort to accelerate the development of NH3-powered very large crude carrier (VLCC) and Suezmax vessels.
DNV Launches New Fuel Notations
Classification society DNV said its recently released updates to its rules for ship classification include a raft of new class notations designed to enable the maritime industry to tackle the decarbonization challenge. The new updates include “Fuel Ready”, a class notation that offers shipowners the option to prepare for a later conversion to multiple different alternative fuel options, and “Gas fueled…
Svanehøj Bags Fuel Pump Orders for 22 LNG-powered ULCVs
Svanehøj announced its 'breakthrough' in the containership market with an order for deepwell gas fuel pumps for 22 ultra large container vessels (ULVC) from South Korean shipyards Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI).Svanehøj’s scope for each vessel consists of two EFP 24-5 liquefied natural gas (LNG) fuel pumps (22 m.) with caisson, foot valves and control systems…
NOV to Equip Eneti's New WTIV
NOV announced it has been awarded contracts for the design and the supply of equipment for a wind turbine installation jack-up vessel (WTIV) being built for Eneti. The new offshore wind player Eneti, formerly known as Scorpio Bulkers, ordered the WTIV from South Korea builder Daewoo Shipbuilding and Marine Engineering (DSME) in May.Scheduled delivery in Q3 2024, the self-propelled vessel will be a…
NYK Pushes Forward its "Sail GREEN;" to Build a Dozen LNG-Fueled PCTCs
NYK signed a memorandum of understanding (MoU) for the consecutive building of LNG-fueled PCTCs at Shin Kurushima Dockyard Co., Ltd. and Nihon Shipyard Co., Ltd. Twelve new ships are planned to be built, six ships each at the two shipyards, for delivery successively from fiscal 2025 to fiscal 2028.The dozen ship is in accordance with the PCTC fleet replacement plan to achieve NYK’s environment management target, which is to reduce CO2 emissions per ton-kilometer of transport by 50% by 2050.
U.S. Joins Norway, Denmark to Develop Emission-free Ship fuels
The United States is working with Norway, Denmark and other countries to develop zero-emissions fuel options for ships as part of a push to de-carbonize the industry, officials involved said.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.In April, U.S. climate envoy John Kerry said Washington would join an international effort to achieve zero emissions in the global shipping industry by 2050.The U.S.
TotalEnergies Ramps up R&D into Ammonia as Marine Fuel
TotalEnergies announced today that it is extending research into the viability of ammonia as an alternative marine fuel, entering into a Memorandum of Understanding (MoU) with 22 companies across diverse industries to initiate a joint study on ammonia as an alternative marine fuel. These industries include energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacturing, bunkering…
Trafigura, Yara Sign Deal on Ammonia for Shipping Fuel
Global commodities trader Trafigura and Norway's Yara said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel.Yara will supply Trafigura with clean ammonia and together the two firms will jointly conduct research and develop marine fuel infrastructure and market opportunities for both "green" and "blue" ammonia, they said.Ammonia, a hydrogen-carrying chemical used as a fertilizer but also in other applica
Yara Joins Study on Ammonia as Ship's Fuel
NYK Line, Nihon Shipyard Co. Ltd. (Nihon Shipyard), and Nippon Kaiji Kyokai (ClassNK) signed an MOU with Yara International (Yara) to jointly study the practical application of an ammonia-fueled ammonia gas carrier (AFAGC) that uses ammonia as its main fuel.Carbon dioxide (CO2) is not emitted when ammonia is burned, so it is viewed to have promise as a next-generation fuel that could mitigate shipping’s impact on global warming.
Waterways Commerce Cutter: It's Time for an Upgrade
In the last week of April, with little fanfare, the U.S. Coast Guard released a much-anticipated opportunity to build up to 27 Waterways Commerce Cutters. After the detailed design and construction contract is awarded in Spring of 2022, a lucky shipbuilder will begin replacing the Coast Guard’s eclectic fleet of 18 venerable river buoy tenders (WLR) and 13 inland construction tenders (WLIC).The Coast Guard’s inland waterways maintenance fleet has been ignored for far too long.
For Europe to Meet Offshore Wind Targets, $7,9B in Port Investments Needed, Report Says
Some €6.5 billion (around $7,9 billion) in port infrastructure investments will be necessary for Europe to reach its 2030 offshore wind objectives, according to WindEurope.WindEuope, which says that ports are key to offshore wind development, has called for the European Commission to develop a Ports Strategy "and recognize the societal and ecological value of ports.""To deliver the offshore wind expansion set out in the EU’s Offshore Renewable Energy Strategy…
Korean Partners Exploring Green Ammonia Supply Chain
South Korean shipping company HMM announced it has signed a memorandum of understanding (MoU) with LOTTE Fine Chemical, Lotte Global Logistics, POSCO, Korean Register (KR) and Korea Shipbuilding & Offshore Engineering (KSOE) to seek feasible solutions on the green ammonia supply chain from production to bunkering.Each member will pitch in to form the end-to-end supply chain for ammonia bunkering, including production…
Shipping to Miss 2050 Net Zero Emissions Target -IEA
The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report.The shipping industry is expected to miss its net zero carbon dioxide (CO2) target "due to a lack of available low-carbon options on the market and the long lifetime of vessels (typically 25 to 35 years)", the IEA in a report on Tuesday.This comes despite a growing stream of pledges and commitments from policymakers and industry stake
MOL to Step Up Hydrogen and Ammonia Business
Japanese shipping company Mitsui OSK Lines (MOL) said on Wednesday it will accelerate efforts to build a global supply chain of cleaner marine energy using fuels such as hydrogen and ammonia as the world heads toward carbon neutrality by 2050."Decarbonizing ship fuel is one of our main goals," Kenta Matsuzaka, senior managing executive officer at MOL, told a news conference."We also want to contribute…