Japanese majors form consortium to develop, commercialize zero-emission electric ships

Seven Japanese companies have joined forces with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels.

The e5 Consortium is comprised of Asahi Tanker, Idemitsu Kosan, Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Tokio Marine & Nichido Fire Insurance, Tokyo Electric Power Company, and Mitsubishi Corporation.

Image Courtesy: MOL

The seven e5 Consortium corporate members are focusing their attention on fulfilling the potential of electric vessels to solve the urgent issues in coastal shipping.

As explained, coastal shipping in Japan is facing numerous challenges including a shortage of mariners due to the aging of the seagoing workforce as well as the aging of vessels. Furthermore, the coastal shipping industry is required to reduce emissions of greenhouse gases (GHGs) as one of Japan’s measures to address climate change.

“The …

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Hyundai Heavy secures deal to build two scrubber-fitted VLCCs

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs). 

Image Courtesy: Hyundai Heavy Industries

The contract, worth about ₩200 billion, was signed with unnamed European shipowners. 

The newly ordered ships will feature a length of 330 metres and a width of 60 metres. They will be built at HHI Ulsan shipyard and delivered to their owners in the first half of 2022, the shipbuilder said.

According to HHI, the tankers will be equipped with scrubbers, complying with the International Maritime Organization’s (IMO) emission regulations. 

This is the second crude oil carrier order HHI won in the past two weeks. On 7 May, HHI secured a ₩150 billion order for two 158,000-ton crude carriers. The vessels will be built also for a company in Europe and delivered by mid-February 2022. 

“In spite of the COVID-19 cri…

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DCSA forecasts $4 billion in annual savings from e-Bill of Lading

The Digital Container Shipping Association (DCSA) released new research as part of its ongoing effort to establish a standardized e-bill of lading (eBL), outlining the benefits and challenges to achieve the long-held goal for digitalization.

Specifically, DCSA conducted a financial modeling exercise to quantify the potential cost savings that could be achieved, estimating that the industry could potentially save more than $4 billion per year if just 50% eBL adoption is achieved.

The Association supports that by establishing a standardized eBL that it would be possible to achieve this 50% adoption rate by 2030.

It is highlighted that

Eliminating paper from the shipping transaction they point out will make every aspect of commercial container shipping better, faster, cheaper, more secure, and environmentally friendly.

André Simha, Global Chief Digital & Innovation Officer for MSC and DCSA Chairman stated that the pandemic brings the core strengt…

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Court finds shipper not responsible for cargo damage

The North P&I Club informs about a judgment that found shipper not responsible for damage to cargo. Namely, the UK High Court has rejected a novel argument put forward by a shipowner to hold the voyage charterer responsible for loading a damaged soya bean cargo.

The facts As David Richards informs, Director (Claims), Management, in the Tai Prize, the ship was chartered to carry soya beans from Brazil to China. A clean bill of lading was issued.

During discharge “charred” cargo was found and the head owner settled the resulting cargo claim by paying receivers. Noble, as disponent owner, reimbursed the head owner 50% of that sum under the Inter-Club Agreement (ICA). Nobel then sought an indemnity from the voyage charterer/shipper.

The arbitrator decided as a fact that the cargo had been loaded in a defective condition in that it was already heat damaged.

She also found that this damage was not visible to the Master, the crew, or the stevedores during t…

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Distillate Demand Down by 7% Over Year: IEA

Distillates: demand floor. File image/Pixabay.

The first quarter demand picture for refined oil products shows jet fuel losing the biggest chunk of compared to the same quarter last year.

Against a backdrop of 57% fall in global demand, jet fuel demand shrunk by over 90% with road transport demand down by between 50-75%.

"Jet fuel was the oil product with the largest decline in demand relative to 2019," according to the International Energy Administration (IEA) report.

But its Global Energy Review 2020 added that  "gasoline was the fuel with the largest absolute decline in demand related to Covid‑19 containment measures". 

Diesel fuel, in contrast, was not in the same bracket as this product has a "demand floor".

"The International Maritime Organization's sulphur regulations on bunker fuel, which took effect at the start of the year, offset part of the drop by boosting diesel demand in the shipping sector," the…

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Norwegian Shipowners Seek to Halve Greenhouse Gas Emissions by 2030

Norway's shipowners have set themselves a more ambitious target than the rest of the world. File Image / Pixabay

Shipowners in Norway have set themselves a more ambitious decarbonisation target than that of the International Maritime Organization (IMO), pledging to halve their greenhouse gas (GHG) emissions by 2030.

The IMO's initial strategy on the reduction of GHG emissions from shipping envisages a cut of at least 40% from 2008's levels to carbon emissions per transport work by 2030, and a cut of at least 50% to total GHG emissions from the industry by 2050.

In a report published this week, the Norwegian Shipowners' Association said its members will aim for a cut of 50% from 2008's levels in their GHG emissions per transport work by 2030, and will have a "climate neutral fleet" by 2050.

The organisation will also "strive for an international ban from 2050 on fuel that is not climate neutral," it said.

"In their role as buyers…

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Commemorating Maritime History – in Needlepoint

Image courtesy Denise Krepp / Susan Marszalek

By Denise Krepp 05-20-2020 09:01:10

Shortly after the USNS Comfort arrived in New York City last month, a remarkable image appeared on my Instragram account - a needlepoint pattern of the Navy hospital ship with the Statute of Liberty in the background. Intrigued, I contacted the artist, Susan Marszalek.

Marszalek - aka "The Needlepoint Novelist" - lives in Rhode Island. She starts her day at 4:30 AM, painting needlepoint canvases for several hours. Marszalek only does custom work, meaning that when a client contacts her, they have a specific vision in mind. She turns the vision into a permanent reminder.

A repeat client sent Marszalek the photo of the USNS Comfort and asked if she could paint it in the size of a Christmas ornament. Marszalek shared a photo of the USNS Comfort canvas on Instragram and Facebook. She was immediately deluged with requests to paint more copies. Long-tim…

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U.S. Court Rules That Titanic’s Marconi Set Can be Salvaged

(file photo)

By The Maritime Executive 05-20-2020 08:51:59

In the ongoing battles over the RMS Titanic and its wreck site, the United States District Court for the Eastern District of Virginia has issued an order providing RMS Titanic, Inc. (RMST) the opportunity to conduct an expedition to recover the wireless Marconi telegraph from inside the ship.

The proposed expedition is one of the more controversial to the wreck, as it not only involves removing artifacts but in this case going inside the wreck to gain access to the “wireless room,” where the equipment is located. While RMS Titanic Inc. has the admiralty rights for salvage at the site, and it has retrieved about 5,500 items since 1987, items except for the hull fragments have been remove from what is called the debris field outside the hull.

In July 2000, it had been ruled that RMST could not cut into the ship, but the new ruling reverses that earlier decision. The court is p…

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Pointe LNG appoints Whitehall & Co as financial advisor for LNG export project

Pointe LNG, LLC has mandated Whitehall & Company as its exclusive financial advisor in connection with raising investment capital and securing offtake for the development and construction of a 6 million tpy LNG export terminal project in Plaquemines Parish, LA.

The project is expected to require up to US$4.0 billion of capital for development and construction, inclusive of approximately US$56 million of development capital.

This marks the return of the Pointe LNG team, composed of co-founders Tom Burgess and Jim Lindsay, to LNG development on this site. The Pointe LNG team had previously started development of an LNG project in this same location named Louisiana LNG Energy, LLC (LLNGE), which they sold in 2015 to a joint venture of Cheniere and Parallax. When Cheniere and Parallax did not complete development due to internal disputes, Pointe LNG was able to return to the site and resume LNG development under the name of Pointe LNG. Together with strong comm…

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K Line’s new car carrier gets LNG fuel tanks

Earlier this month, LNG fuel tanks were installed on a car carrier which is under construction at Tadotsu Shipyard, part of Japan’s Imabari Shipbuilding Group.

The unit was ordered by Japanese shipping major Kawasaki Kisen Kaisha (K Line) in 2018 as a next-generation car carrier with a reduced environmental load.

The construction is currently ongoing with estimated delivery within 2020 fiscal year.

The vessel is equipped with a dual-fuel diesel engine and the fuel gas supply system (FGSS) engineered by TGE Marine Gas Engineering GmbH of Mitsui E&S Group. The FGSS is composed of an LNG fuel tank and a high-pressure pump.

Installation of LNG fuel tanks. Image Courtesy: K Line

The LNG fuel tank on the vessel is an independent tank of type C, which allows the design pressure to be set higher than other types of LNG fuel tanks.

Because the boiling point of methane which is the main component of LNG is -161.5℃, LNG is constantly vapo…

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