Doorae Shipping Selects Wärtsilä BWMS
Wärtsilä will supply its Aquarius UV Ballast Water Management System (BWMS) for four bunkering ocean tanker vessels operated by South Korea’s Doorae Shipping. This is the first ever BWMS retrofit contract signed by Wärtsilä in Korea. The order was placed in July by PanStar TechSolution, the main contractor for the project. PanStar TechSolution is a leading Korean engineering and technical company specializing in BWMS and exhaust gas cleaning system (EGCS) retrofit projects.The equipment is scheduled for delivery commencing in August 2020.
Cruise Lines Invests $22 Bln in Clean Fuel Tech
Cruise Lines International Association (CLIA) said that its Cruise Lines have invested more than $22 billion in ships with new, energy-efficient technologies and cleaner fuels and achieved substantial progress.“While cruise ships comprise far less than 1% of the global maritime community, cruise lines are at the forefront in developing responsible tourism practices and innovative technologies. Our industry leads in environmental stewardship,” said Michael Thamm, Chairman of CLIA…
SFI Acquires Three VLCCs From Hunter Group
Bermuda-based ship-owning and ship chartering firm Ship Finance International Limited (SFL) has agreed to purchase three very large crude carriers (VLCCs) from Norwegian investment company Hunter Group. The 300,000 dwt oil tankers are currently being constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Hunter Group placed the order for the VLCCs last year. SFI will pay almost $60 million for each tanker and a total of $180 million for all three.
SMM 2020 Publishes Maritime Industry Report
“Driving the maritime transition”: In times of the global climate debate and the digital transformation, SMM 2020 will once again be the focal point for decision-makers in the maritime industry.Topics that are currently high on the industry's agenda are highlighted in the new issue of the SMM Maritime Industry Report: Shipping, shipbuilding and supplier companies are especially interested in alternative propulsion technologies and attractive niche markets.The year 2020 marks a major turning point in international shipping: On January 1…
Frontline buys 10 Tankers from Trafigura
Frontline will buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million, and may buy a further four vessels later, the two companies announced on Friday.The deal will allow Frontline, which is controlled by Norwegian-born billionaire John Fredriksen, to boost its dividend in the time to come, the Oslo-listed tanker operator said."The structure of the transaction creates an immediate impact to our earnings at a time when we expect freight rates to increase significantly," Frontline Chief Executive Robert Hvide Macleod said in a statement.Trafigura will take an
Guidance on 0.50% Sulphur Marine Fuel
A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% - sulphur marine fuel released on August 20, 2019.The publication has been developed by experts from across shipping, refining, supply and testing of marine fuels.The publication is designed to provide guidance for stakeholders across the marine fuels and shipping industries, from fuel blenders and suppliers to end users. It presents the specific safety and operational issues relating to the supply and use of max.
Chelsea Technologies Appoints Paull as MD
Chelsea Technologies, a leader in the design and manufacture of sensors for the maritime sector and a Sonardyne company, has announced the appointment of Elizabeth Paull as its new managing director. Paull, who joins the company from leading subsea technology developer Sonardyne International, has been appointed to further develop Chelsea Technologies as a market leader in environmental sensing technology across a variety of industry sectors, and particularly in maritime where…
Valmet Scubbers for 10 COSCO Boxships
Valmet will supply exhaust gas cleaning systems (scrubber system) for ten container vessels of COSCO Shipping Lines Co., Ltd. The scrubber systems will be installed in existing vessels in China in 2019.The project is executed in co-operation with Health Lead Development Ltd.The order was included in Valmet's orders received of the fourth quarter 2018 and second quarter 2019. The value of the order will not be disclosed.Details about Valmet's deliveriesThe scrubber system delivery…
Storm Approaching: Firms Fear IMO's 2020 Rules
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.The tougher regulations, set by the United Nations shipping agency, the International Maritime Organization (IMO), come into force on Jan 1. Costs will rise for ships towards the end of this year and there will be a knock on effect for trucks and other transporters…
Alfa Laval’s Lindmark Takes on New Role
Anders Lindmark, formerly Head of Alfa Laval PureBallast, has transitioned from ballast water treatment into another compliance application. As Business Unit President, Gas Systems, he now oversees the Alfa Laval PureSOx offering in exhaust gas cleaning.On May 1, Anders Lindmark stepped into his new role as Business Unit President, Gas Systems. The move follows years of service in ballast water treatment, comprising a number of key milestones for Alfa Laval PureBallast 3. Besides cementing itself as the leading ballast water treatment solution, the system became a forerunner with U.S.
Diesel Traders See Shortage, but not yet
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards (https://tmsnrt.rs/2WgXabR).In futures markets, contango structures, where future contract prices are higher than front-month prices, are associated with expectations of adequate or rising inventories.
Global Cruise Industry Out in Front on Sustainability
The Cruise Lines International Association (CLIA) has underscored the global cruise industry’s commitment to sustainability work in keynote speeches delivered by CLIA Chair Adam Goldstein to The Economist’s 2019 World Ocean Summit in Abu Dhabi, and in Berlin at ITB, a leading travel trade show.In his remarks, Goldstein highlighted the importance marrying growth opportunities with sustainability: “The water around and below us, the air above us, the communities around us, the people who work for us…
Scrubber Safe for Environment: Carnival
Carnival Corporation has released the results of an independent, two-year scientific scrubber wash-water study.The study shows the company’s advanced air quality systems (i.e. scrubbers) are in compliance with the International Maritime Organization’s (IMO) 2020 requirements, which include regulations for cleaner air emissions and strict wash-water quality standards.The study also concluded that the wash-water samples from scrubbers were below the limits set by several major national and international water quality and land-based water discharge standards…
First Mobile Harbor Crane with Exhaust Gas Stage V
A new Liebherr LHM 420 Mobile Harbor Crane was officially inaugurated in the middle of February in Passau, Bavaria. The new machine in the port of Passau is the first Liebherr Mobile Harbor Crane to comply with the new exhaust gas purification stage V.Around ten years after the opening of the trimodal port location in Passau-Schalding, bayernhafen has once again significantly expanded its infrastructure. In addition to new extension railway an investment was also made in a new mobile harbor crane. bayernhafen Passau is Bavaria's gateway to and from south-eastern Europe.
UAE's Fujairah to Ban Ship Exhaust Cleaner When IMO 2020 Kicks In
The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many shipping companies have opted to fit scrubbers onboard their ships, ahead of major changes in the use of marine fuel across the world.The International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan.
Port of Kiel: Passenger Volume Up, Cargo Down
More than 2.2 million passengers and again over 7 million cargo tons handledKiel continues to pursue its growth course in passenger traffic posting a 4.2 % increase with 2.2 million travelers. At the same time, the port’s cargo sector was unable to match the top results of the reference period (2017: 7.4 million tons, +14.3 %). The handling performance decreased by 3.5 % to 7.15 tons of cargo in 2018. In order to further improve the port’s infrastructure, investment activities have accelerated once again.
CSA 2020 Appoints Adams as Executive Director
The Clean Shipping Alliance (CSA) 2020 has contracted Maritime AMC (MAMCL), a UK-based association management company, to provide secretariat services, and appointed Ian Adams as its Executive Director.The membership body, whose members include more than 30 shipowning companies, was established last year to provide scientific-based information and research on the emissions abatement performance and environmental benefits of closed- and open-loop exhaust gas cleaning systems.CSA…
Scrubber Manufacturers Slams Singapore Open-Loop Scrubbers Ban
Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems as "disappointing" and "politically motivated."The scrubber manufacturing industry body said in a press release: "The recent announcement by the outgoing CEO of the Maritime and Port Authority of Singapore (MPA) banning the discharge of process water from open loop scrubbers for vessels visiting Singapore came without prior notice or discussion with the IMO…
MPC Container Ships Buys More Scrubbers
Norwegian oner and operator of container vessels MPC Container Ships (MPCC) has exercised options to equip additional five vessels with exhaust gas cleaning systems.The scrubber investments are expected to be financed with cash on hand and available debt capacity on the MPCC's existing fleet.The Oslo-headquartered company said in a press release that it has also agreed charters for six scrubber-retrofitted boxships."The charterparties will be initiated after scrubber retrofitting and with a duration into 2022.
Hapag-Lloyd Commits to EGCS Retrofitting
German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000 TEU) to be retrofitted in 2019 and 2020, it said.Hapag-Lloyd has ordered ten Hybrid Ready Exhaust Gas Cleaning Systems (EGCS), which will be gradually installed to ten of Hapag-Lloyd’s Hamburg class vessels (13,000 TEU) during 2019 and 2020. This will allow the company to comply with the upcoming IMO2020 low sulphur…
MPC Container Ships Plans Huge Investment in Scrubbers
The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems (scrubbers) for five of its ships, with an option to buy ten times as many additional scrubber systems.Under the agreement, the scrubbers would be retrofitted on five selected vessels within the company’s fleet prior to the January 1, 2020 implementation date of the new sulphur emission cap regulation, as set forth by the International Maritime Organization (IMO).Norwegian…
Seanergy Maritime in Leaseback, Refinancing Pact with Cargill
The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International.The Nasdaq listed shipping company based in Greece informed that the refinancing has released approximately $7.8 million of liquidity for the Company.Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered it…
Wärtsilä Sells Pumps Business to Solix Group
Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden.According to a press release from the marine technology giant, Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisation and became part of the company along with the acquisition of Hamworthy in 2012. The Wärtsilä Pumps business recorded sales of approximately 50 MEUR in 2017.The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision.
Seanergy Maritime to Install Scrubbers on its Capesize Fleet
Seanergy Maritime Holdings Corp. announced that it has entered into commercial agreements for the installation of exhaust gas cleaning systems (scrubbers) on five of its capesize bulk carriers before the January 1, 2020 implementation date of the IMO sulfur emission cap regulations.Upon completion of the installations scheduled for Q2 and Q3 2019, the vessels will commence index linked period employment with three leading dry-bulk charterers ranging in durations between three and five years.Stamatis Tsantanis…
More Ships Adding Scrubbers ahead of 2020
An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start…
Cargill Aims to Cut Ship Emissions 15% by 2020
Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.The global commodities trader, which was scheduled to announce the emissions goal late on Monday, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.Cargill…