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…
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.
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.
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.
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.
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.
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.
‘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.
Powering Ahead with Wind Assist Technologies
Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies,” at the recent Danish Maritime Days in early October drove this point home nicely. Describing the meeting in Copenhagen, Dr. Tristan Smith, from University College London’s (UCL) Energy Institute, told Maritime Professional last month that “… the event involved a coming together of ship owners and the leading companies developing…
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.
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…
'Shipping & Climate' Change: Upcoming IMarEST Lecture
‘Shipping and Climate Change: how Science can aid an industry that emits more CO2 than the UK’ is second in the ‘Sea Changes Lecture Series’. The series, organised by the Institute of Marine Engineering, Science and Technology (IMarEST) in association with University College London (UCL), aims to examine the relationship between marine science, technology and engineering. ‘Shipping and Climate Change: how Science can aid an industry that emits more CO2 than the UK’, will take place in the Sir Ambrose Fleming Lecture Theatre, UCL, London WC1E 7JE on Monday 18 March, 2013.
UDEI Hosts Wind Energy Symposium
Experts explore future of wind energy research in two-day symposium at the University of Delaware Energy Institute (UDEI). How would wind turbines in the ocean alter the wind flow? Is wind energy a practical solution for powering electrical grids? Forward-looking questions such as those were addressed by experts in the field of wind energy at a recent symposium sponsored by the University of Delaware Energy Institute (UDEI). The two-day event, titled “The Importance of Meteorology to Wind Energy: Research Needs for the Next 10 Years…
WSS to Present at IP Week 2012
Frederic Fontarosa, Wilhelmsen Ships Service’s (WSS) Business Director Ships Agency will speak at this year’s prestigious IP Week, to be held at the Park Plaza Riverbank, London, from 20-22 February. Hosted by The Energy Institute, IP (International Petroleum) Week 2012 brings together professionals from the global oil and gas industry for three days of networking, discussion and debate. Mr Fontarosa will speak on Wednesday 22 February as part of the Pipelines and Transport Forum.
Quality & Quantity: Data Delivered
The obscure, but arguably most important variable in energy transportation has at long last been standardized. Driven by client demand, Navarik’s web-based software brings petroleum inspection into the 21st century. It wasn’t too long ago that the typical liquid cargo inspection consisted of a couple of bleary-eyed inspectors calculating cargo volumes on ten-key calculators at 0230 hours in the grimy control room of your oil tank vessel. Those numbers, along with a report of laboratory analysis of cargo samples would (eventually) make it to your desk in any number of ways…