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  • 2022 May 18 12:03

    Eastern Pacific Shipping and Value Maritime announce agreement

    Eastern Pacific Shipping (EPS) has signed a definitive agreement with Rotterdam-based Value Maritime (VM) to install carbon capture and filtering systems on MR tankers M/T Pacific Cobalt and M/T Pacific Gold, with an option to equip three more vessels. The installation of the first system is scheduled to be completed within 2022 with engineering and planning underway, according to the company's release.

    The 2020-built, 49,700 DWT sister vessels, will be fitted with VM’s Filtree System – a prefabricated gas cleaning system that filters sulphur and 99% of particulate matter. The system will include a Carbon Capture Module charging a CO2 battery onboard. The charged CO2 battery will be discharged in port and subsequently used by CO2 customers, such as greenhouses, or injected into carbon sequestration networks. The discharged battery will be returned to the vessel for CO2 recharging. This ‘plug and play’ approach allows vessels to capture up to 40% of CO2 emissions today, with the potential of exceeding 90% in the future.

    In addition to its carbon capture capabilities, the Filtree System also removes oil residue and particulate matter from the wash water, ensuring its PH value is neutralised and contributes to reducing the acidification of seawater.

    Installation onboard M/T Pacific Cobalt is expected to be completed by the end of 2022, while the installation onboard M/T Pacific Gold is scheduled to be completed by the end of Q1 2023.

    In addition to the retrofits, EPS and VM are exploring future collaboration opportunities, such as deploying the Filtree System onboard EPS newbuilds, including a new generation of containerships.

    With a history spanning 60 years, Eastern Pacific Shipping Pte. Ltd. (“EPS”) is a leading shipping company that is committed to the green and technology-driven growth of the industry. Headquartered in Singapore for the past 30 years, EPS is driven by its mission to be the safe and efficient transportation provider of choice to the shipping industry. Empowering that mission is a 6,000 strong and growing workforce across sea and shore. They oversee a versatile fleet of 200 vessels and 20 million deadweight-tonnes across three core segments of containership, dry bulk, and tanker vessels. EPS’ shore team is fully integrated with in-house commercial, finance, innovation, IT, legal, manning, operations, and technical departments.
     
    Value Maritime is a young innovation-driven team of experienced engineers and financial experts who understand shipping and the need for new, simple, sustainable solutions that make commercial and financial sense. Their vision is to dramatically decrease the environmental footprint of shipping and significantly contribute to improving the overall sustainability of the maritime industry. Since 2017, their technology has been helping shipowners and operators to increase their competitiveness by achieving valuable emission reductions and financial savings.

    Value Maritime – a fast-growing and innovative company that is sustainable by nature with a team that is dedicated to making an impact.


2022 June 24

18:37 OneSea Energy B.V. and Subsea 7 conclude an MOU on collaboration in offshore hydrogen production
18:06 HJSC wins a bid to build two dual-fuel LNG 7,700 TEU-class container ships
17:57 PortNews’ week headlines summary
17:06 MOL, Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding start joint development on net zero emission ammonia-fueled ocean-going liquefied gas carrier
16:51 Samsung Heavy Industries lands orders for 14 LNG carriers - Businesskorea
16:01 Expert says Russia’s Far Eastern seaports set for handling up to 1.5 million TEUs of exports
15:46 Alicat secures £2 million contract to build further two new vessels for North Star’s renewables fleet
14:55 CMA CGM and Port Authority of Singapore sign MoU
14:30 Gazprom Dobycha Nadym to start reclamation project for the development of the Yamal’s Kruzenshternskoye field
14:03 Chevron Marine Lubricants white paper assesses future cylinder oil needs
13:21 Bureau Veritas delivers AiP to the MANTA, an innovative clean up vessel
12:42 Sea Port of St.Petersburg beefs up its crane fleet
12:35 DP World and PCFC to modernise Romania’s Constanta Port with new RO-RO terminal
12:29 Sber CIB expects oil price to hit $100 barrel by year-end
12:09 Successful completion of CNF19M ferry "General Chernyakhovsky" sea trials
12:09 Crowley, ESVAGT strengthen venture for U.S. offshore wind vessels
11:52 Port of Corpus Christi sets new tonnage and revenue records in first four months of 2022
11:35 Samskip and Ocean Infinity secure funds to drive forward hydrogen-fuelled SeaShuttle container ship
11:33 Oil prices show weak growth, mixed changes
11:25 “Viking Saturn” floated out in Ancona
10:53 HYPORT Coordination Company signs second land reservation agreement for a green hydrogen and ammonia production plant with OPAZ
10:41 Chinese shipbuilders delivered the largest container ship ever
10:30 Baltic Enabler transferred to the WALLENIUS SOL shipping line
10:12 Wilhelmsen enters into agreement to acquire Stromme to join forces on cargo hold cleaning
08:58 MABUX: Bunker prices may demonstrate irregular changes on June 24

2022 June 23

18:35 Emanuele Grimaldi appointed ICS Chairman
17:51 Ports of Stockholm opens new quay at Frihamnen Port
17:31 German seaports call for new ideas to reduce ship emissions - bremenports
17:16 PIL launches new service WS6 to expand coverage between Far East and West Coast South America
16:56 ZIM Integrated Shipping Services joins SEA-LNG coalition
16:35 thyssenkrupp nucera joins United Nations Global Compact
16:26 The shortage of Eastern rail operating domain annual throughput capacity in 2022 exceeds 100 million tonnes
16:04 MacGregor receives a repeat order to supply comprehensive RoRo equipment to another four innovative PCTCs
16:03 The total volume of container bookings amid abolition of import duties is estimated at 90 000 - ESP
15:28 Russian bunker market sales volume may shrink by 10% to 6 million tonnes in 2022
15:24 WinGD X-EL Energy Solutions brings engine expertise to energy system integration
15:14 Cheniere and Chevron sign long-term LNG sale and purchase agreements
14:43 Wartsila accelerates Zanzibar port digitalisation project
14:22 Software solutions provider Intellicore secures partnership contract with maritime firm du Pré Marine
13:49 Cheniere announces positive final investment decision on the Corpus Christi Stage 3 Liquefaction Project
13:21 Ship It Zero resolution passes Long Beach City Council - AJOT
12:35 DNV awards KSOE AiP for new LNG fuel supply system Hi-eGAS
12:07 World Shipping Council Containers Lost at Sea Report 2022 update published
11:25 The 15-th Current State and Development of the Russian Market of Bunkering Services Conference kicks off in St. Petersburg
11:10 ECSA welcomes Parliament’s strong support to Ocean Fund and ETS costs’ pass-through to operators
10:51 Fincantieri starts construction of new class of ultra-eco-friendly ships for TUI Cruises
10:20 Challenger Management partners with DP World to finance trade in emerging markets
09:45 PSA and OOCL complete green pilot trial for integrated & enhanced container flow between Keppel Distripark and On-Dock Depot
09:29 ABS and Texas A&M Qatar agree on landmark carbon capture joint study
08:52 MABUX: Bunker prices may decline on June 23

2022 June 22

18:35 Brittany Ferries’ Saint-Malo will be the largest hybrid-vessel ever built
18:07 MAN Energy Solutions and UGS make joint decarbonisation commitment
17:19 DNV’s ShipManager supports growth of Montec Ship Management
16:57 GTT entrusted by Hyundai Samho Heavy Industries to design the fuel tanks for four new LNG-fueled container vessels
15:51 MOL establishes subsidiary EcoMOL
15:49 Volga Shipping says it purchases 100% of bunker fuel for its fleet in Russian ports
15:09 Navigare Capital Partners signs green tech deal with NJORD
14:51 ESP expects container rail traffic volume in Russia to recover by the year-end results
14:43 oceanis hits $ 200 million milestone for vessel financing
13:30 Russian military created conditions for the safe operation of two maritime transport corridors from Ukraine - Russian Foreign Ministry