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Shipping: Emission Possible

Suppressing thruster tunnel drag to save energy and costs

Shipbuilding and hydrodynamics experts at Fincantieri and DNV have collaborated closely on a solution to address drag induced by bow thruster tunnels. It can help minimize ship hull resistance and reduce fuel consumption and carbon emissions. When designing new cruise ships, the engineers at Fincantieri scrutinize every detail to maximize fuel efficiency while keeping the newbuild costs within reasonable proportions and ensuring passenger comfort. With the IMO decarbonization targets moving closer, cruise ship operators will face sharply rising fuel costs when the use of more expensive zero-carbon fuels becomes inevitable. ...

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Shipping: EU Carbon Market Could Trend Downwards

The EU carbon market could be set for further correction moving forward, with could impact the EU Emissions Scheme, which shipping is now a part of. In its latest weekly report, shipbroker Intermodal said that “the European carbon market has witnessed significant volatility in recent months, with EUA prices gaining momentum and surpassing the €70/ton mark since early May. On May 10th, the benchmark December 2024 EUA contract hit an intraday peak of €75.50/ton, the loftiest level since early January. This upward momentum appears driven by a combination of technical ...

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Increasing ships’ efficiency and decreasing underperformance claims – a “virtuous circle”

Underperformance claims, where a vessel is alleged to consume more bunkers and/or to steam more slowly than is warranted in the charter party, are one of the most common types of Defence claim that the Club is asked to advise on and handle. Added to this, any actual underperformance by the vessel is likely to have a knock-on effect on the vessel’s CII rating. This indicates that these “bread and butter” underperformance claims are likely to become more complex and more costly. Add in, also, volatility in the global financial ...

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“K” LINE Conducts First Trial Use of B100 Biofuel for Carbon-free Operations on Car Carrier

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that we have conducted our first trial use of marine B100 biofuel which was supplied by global energy management company World Fuel Services on car carrier “APOLLON HIGHWAY” operated by “K” LINE. The marine B100 biofuel was delivered to the vessel at the Belgium port of Zeebrugge on March 31, 2024. After leaving Europe Emission Control Area, the vessel started using the B100 biofuel. The trial was completed on April 30th. Marine biofuel has the potential to become an environmentally ...

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The European Commission grants PCI status to CO2 value chain project developed by MOL with partners

The European Commission has granted the status of Project of Common Interest (PCI) to the carbon dioxide (CO2) capture and transportation project in Lithuania and Latvia developed by the consortium named CCS Baltic Consortium. The consortium consists of Akmenės cementas AB, KN Energies, AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd. and SCHWENK Latvija SIA. This grant means that the project is recognized as a key cross-border infrastructure project which will significantly contribute to the implementation of the energy policy and climate goals of the European Union (EU). There are ...

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Bureau Veritas report highlights the potential of carbon capture technologies and the development of carbon value chains for shipping

Bureau Veritas (BV), a global leader in the Testing, Inspection, and Certification (TIC) industry, has released a report which assesses the technical viability of current carbon capture & storage (CCS) technology within the marine market, and highlights the vital role that shipping can play across the entire CCS value chain. The technology report, titled Onboard Carbon Capture: An Overview of Technologies to Capture CO2 Onboard Ships, details the current state of play regarding a wide range of emerging CCS technologies. The paper explores the technical and commercial viability of implementing ...

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MOU agreed to develop ‘bioship’ technology and plans to construct the world’s first biomass-fuelled ship

Leading Japanese companies, NYK Line (NYK), NYK Bulk & Projects Carriers (NBP), TSUNEISHI SHIPBUILDING Co., Ltd. (“TSUNEISHI SHIPBUILDING”) and British renewable energy business, Drax Group (Drax), have signed a new memorandum of understanding (MoU) to develop both the world’s first biomass-fuelled ship (bioship) and the technology that could power it. Biomass is playing a growing role in Japan’s transition from fossil fuel power generation to low carbon and renewable electricity, and the country’s demand for biomass pellets, sourced primarily from North America and composed of sawmill and forestry residues, is ...

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Shofu Maru, World’s 1st Wind Challenger-equipped Coal Carrier Achieves Fuel Savings of 17%

Mitsui O.S.K. Lines, Ltd. announced that its owned and operated Shofu Maru, the world’s first coal carrier equipped with the Wind Challenger hard sail wind propulsion system, has completed a total of seven round-trip voyages to Japan, mainly from Australia, Indonesia, North America, as a dedicated coal transport vessel for Tohoku Electric Power Co., Inc. (President: Kojiro Higuchi; Headquarters: Sendai-shi, Miyagi Prefecture) Over the course of about 18 months since the Shofu Maru’s delivery in October 2022, MOL has measured the performance of the Wind Challenger continuously on actual voyages, ...

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Newly certified methanol valves to improve dual-fuel shipbuilding

Pres-Vac Engineering has announced the successful certification of its innovative high-velocity methanol valves, setting new standards in the construction of dual-fuel vessels. These valves, essential for the safety and efficiency of methanol tank systems, are now certified under the IMO 1621 standard among other rigorous regulatory benchmarks. The newly certified valves enable greater flexibility in ship design, accommodating long vent-pipes up to 128 meters for DN 65 size, with allowances for even longer pipelines. This development offers shipbuilders and owners unique options in creating more efficient and compliant dual-fuel systems. ...

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ClassNK and StormGeo mark significant collaboration to advance maritime decarbonization

ClassNK has partnered with StormGeo for seamless sharing and verification of emission data. The collaboration marks a significant milestone for the two as it establishes the sharing and verification of emission data, to meet the requirements of their shared clients. Shipping companies that use StormGeo’s s-Insight platform will be able to share their validated emissions data to ClassNK MRV Portal* via API, for a seamless verification process. This process enables shipping companies to maximize their reporting accuracy and accelerate their decarbonization strategy, according to regulations. Mr. Espen Martinsen, Executive Vice ...

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FuelEU Maritime: How to prepare for compliance

FuelEU Maritime sets requirements on the well-to-wake GHG intensity of energy used for ships trading in the EU/EEA from 1 January 2025. The first step is to prepare and submit a monitoring plan to an accredited verifier by 31 August 2024. This statutory news provides you with more details on what you need to prepare. Summary of the FuelEU Maritime GHG intensity requirements From 1 January 2025, for ships trading in or to/from the EU/ EEA irrespective of flag, the annual average GHG intensity of energy used on board needs ...

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ABS and HD Hyundai Group Sign MOU to Advance Medium-Voltage Power Systems on Ships

ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE) and HD Hyundai Heavy Industries, Co., Ltd. (HHI) signed a memorandum of understanding to collaborate on the technical feasibility for medium-voltage direct current (MVDC) power systems on ships. The agreement opens the door to collaborate on design assessment, new technology qualification as well as the development of rule guidance to provide clear directives on technical requirements, safety standards and regulatory compliance. “We are proud to partner once again with HD KSOE and HHI. Our companies are equally focused on ...

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MOU agreed to develop ‘bioship’ technology and plans to construct the world’s first biomass-fuelled ship

Leading Japanese companies, NYK Line (NYK), NYK Bulk & Projects Carriers (NBP), TSUNEISHI SHIPBUILDING Co., Ltd. (“TSUNEISHI SHIPBUILDING”) and British renewable energy business, Drax Group (Drax), have signed a new memorandum of understanding (MoU) to develop both the world’s first biomass-fuelled ship (bioship) and the technology that could power it. Biomass is playing a growing role in Japan’s transition from fossil fuel power generation to low carbon and renewable electricity, and the country’s demand for biomass pellets, sourced primarily from North America and composed of sawmill and forestry residues, is ...

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DFDS to Invest €1 Billion in Battery Electric Ships for the Channel

DFDS is announcing a substantial €1 billion investment in battery electric vessels, marking its unwavering commitment to decarbonising maritime traffic in the English Channel. In the future, maritime traffic in the Channel will be electric. DFDS is today announcing an expected €1 billion investment in six battery electric ships that will be deployed on the Dunkirk-Dover and Calais-Dover routes to carry passengers and freight between the UK and the European Union. The first two electric vessels will be in operation by 2030, while the rest is expected to follow before ...

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EU ETS: catalyst for change, mired in growing pains

The European Union’s Emissions Trading System (ETS) continues to cause confusion and consternation for stakeholders in shipping, with questions around ballast legs, accounting for allowances, and compliance. A panel discussion at the Baltic Exchange’s Freight Forum in Singapore explored the complexities and opportunities surrounding the ETS, with Baltic Exchange carbon lead Martin Crawford-Brunt moderating the event. Crawford-Brunt noted that the EU ETS emphasised a significant paradigm shift in the regulatory landscape. He said: “We’re moving from an old way of looking at regulation developments… Regulation is becoming more and more ...

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