• 2018 March 28 17:20

    Hyundai Heavy Industries receives approval in principle from LR for LNG-fuelled 250,000 dwt VLOC

    Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from LR for an LNG-fuelled 250,000 dwt class very large ore carrier (VLOC), the company announces in its press release.

    Following the announcement of the IMO’s SOx emission limitations from 2020 and increased developments in the global supply of gas, there has been a growing demand for innovative and environmentally friendly designs to replace traditional oil-fuelled ship designs. In response to this, HHI has been focusing its efforts on LNG-fuelled ships as part of its plans to meet the market's needs for environmentally friendly shipping.

    Anangel, Woodside, LR and HHI commenced a joint development project (JDP) last year to develop an LNG-fuelled 250,000 dwt VLOC design optimised for the trade route from North West Australia to North Asia, based on the XDF engine. The JDP’s main objective is to achieve the lowest practical incremental capital and operating costs to help LNG as a fuel compete against other post-2020 compliance options for bulk carriers.

    Anangel as the ship owner and operator provided practical advice on the design concept from its extensive fleet operation experience. Woodside as the LNG supplier provided information on the outlook for LNG bunkering infrastructure in the region and outlook for LNG against other fuels. LR facilitated the high-level hazard identification (HAZID) in order to identify the major hazards and verify the safety of the vessel design. HHI completed the optimised design of the VLOC with the LNG-fuelled system, and LR provided class approval and issued AiP to HHI.

    Recently all JDP members reviewed an in-depth economic evaluation of the LNG-fuelled system against a wide range of ultra-low sulphur marine fuel oil prices to assess the competitiveness of LNG-fuelled bulk carriers and exchange ideas on what could be done to help advance the use of LNG as a fuel. The preliminary results show promise for LNG as a fuel opportunities.

    The parties are now discussing the potential for a further phase of the JDP, including additional partners, in order to increase the feasibility and attractiveness of LNG as a fuel through new technologies, reduced capital cost and increased operating efficiency.




2019 November 22

18:26 CMA CGM announces GRR from Asia to South Africa
18:06 CMA CGM announces FAK rates from Asia to Red Sea
17:51 Another stage of quay modernisation completed at the Port of Gdansk
17:35 RINA signs an agreement with VRMedia to use Kiber system
17:24 RF Transport Ministry counts on 'regulatory guillotine’ to cancel overlapping and obsolete requirements
17:05 Royal IHC builds an integrated 550t reel lay system for Shanghai Salvage
16:35 Damen Oskarshamnsvarvet signs EPC contract with Swedish Coastguard
16:05 APM Terminals introduces industry-leading application monitoring solution
15:42 Igor Belousov, rescue ship of RF Navy's Pacific Fleet, to participate in Russian-Vietnamese exercise
15:40 Damen Road Ferry 6819 E3 launched at Damen Shipyards Galati
15:18 ESPO wins GREEN4SEA – EUROPORT Initiative Award for EcoPorts’ environmental standard
14:49 Moscow Basin IWW carried 1.4 million people and 26 million tonnes of cargo in navigation season of 2019
14:05 Singapore to host Asia Pacific Maritime conference (APM 2020) on March 18-20
13:43 Maritime experts gather for a discussion on Vietnam’s maritime future ahead of APM 2020
13:16 ASCO represented at “Caspian Ecology 2019” exhibition
12:50 New container ship added to FESCO fleet
12:24 International Chamber of Shipping opens China Liaison Office in Hong Kong
12:01 World Maritime University contributes to deep seabed mining discussions
11:37 RS Rules Update: new approval scheme for marine equipment
11:08 GTT Training installs its G-Sim LNG Carrier and Fuel Gas Handling and Bunkering Simulator in MTC Hamburg
10:59 Russia will support IMO Secretary-General Kitack Lim as a candidate for the next period
10:30 Bunker prices decrease at the port of Saint-Petersburg, Russia (graph)
10:08 Fincantieri starts dry dock works on “Ryndam” in Marghera
10:03 MABUX: Bunker market this morning, Nov 22
09:55 PortNews-TV launches regular video reviews of industry-related events
09:46 Brent Crude futures price is down 0.5% to $63.65, Light Sweet Crude – down 0.65% to $58.2
09:27 Baltic Dry Index is down to 1,255 points
09:08 Machulez KG coordinates the large scale logistics project at the port of Cuxhaven
08:11 Maersk Tankers is set to increase its managed fleet by 11 tankers

2019 November 21

18:01 Diana Shipping announces direct continuation of time charter contract for m/v Polymnia with Cargill
17:50 Freeport of Riga Authority and province of Corrientes sign Protocol of Agreement to facilitate growth of Riga and Corrientes ports
17:23 Training ship Perekop of RF Navy’s Baltic Fleet takes course from Sri Lanka to Sevastopol
17:00 Two Sendo Liners to be entering the port of Amsterdam emission-free by 2020
16:45 Severnaya Verf lays down fourth processing trawler of Project 170701 for Norebo Group
16:28 Star Bulk reports Q3 net profit of $5.8 million
16:00 MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding
15:46 Danfoss Editron appoints Erno Tenhunen as new Marine Director
15:31 ECOsubsea gains further foothold in major European ports to become benchmark for sustainable effective hull cleaning
15:17 Baltic Sea Ports Administration reports readiness of 6 line and 7 port icebreakers for winter navigation season
15:00 Chart Industries joins SEA\LNG coalition
14:38 Orolia Maritime unveils new PLB with Return Link System for 2020
14:21 Amsterdam, the Netherlands, to host 8th edition of ACI’s Ship Recycling Congress on 29-30 January 2020
14:09 Nexans to provide the 225 kV power export cables for one of the biggest offshore wind projects in France
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:28 Singapore’s First Women in Shipping Summit to be held on 20-21 April 2020
13:27 Oldendorff Carriers signs agreement with MIT on ship design
13:09 ZIM posts Q3 2019 results
12:46 5th Singapore Maritime Technology Conference to be held on 21-23 April 2020
12:35 Proman Stena Bulk and GSI sign deal for new methanol tankers
12:09 Port of Zeebrugge and Yugo sign MOU for cooperation in Lingang Overseas Modern Industrial Park
11:57 Nobel Brothers Shipyard launches small refrigerating trawler of Project Т30В, Vympel
11:09 MOL to build Japan's 1st LNG-fueled ferries : Sunflower Kurenai and Sunflower Murasaki
10:43 DNG Energy to commence LNG bunkering operations from Algoa Bay next year
10:09 Fincantieri and Ponant sign an MOA for the construction of 2 new-generation cruise ships
09:51 Container throughput of port Hong Kong (China) down 6.2% to 15.27 million TEUs in Jan-Oct’2019
09:39 MABUX: Bunker market this morning, Nov 21
09:33 Brent Crude futures price is down 0.32% to $62.2, Light Sweet Crude – down 0.25% to $56.87
09:17 Baltic Dry Index is down to 1,260 points
08:29 Port of Hamburg cargo throughput grows 3.2 percent to 104 million tons in first three quarters of 2019

2019 November 20

18:10 FESCO provided transportation of nuclear submarines’ blocks and tanker from Kamchatka Territory to decommissioning site in Primorye